PHINMA Corporation appointed Mr. Ramon R. del Rosario, Jr. and Ms. Regina B. Alvarez as members of the Retirement Committee to replace Dr. Magdaleno B. Albarracin, Jr. and Mr. Victor J. del Rosario, and appointment of Ms. Karen B. Seno as additional member of said Committee. The Retirement Committee will henceforth consist of five (5) members consisting of the said new Members, together with Mr. Oscar J. Hilado (Chairman) and Dr. Meliton B. Salazar, Jr. Mr. Ramon R. del Rosario, Jr. (Member) is the Chairman & CEO of PHINMA Corporation and President and CEO of PHINMA Inc. and. He is the Chairman of the Board of Trustees of PHINMA Education Holdings Inc., Araullo University, Cagayan de Oro College, University of Iloilo, University of Pangasinan, Southwestern University, St.

Jude College, Republican College, Rizal College of Laguna and Union College of Laguna. He is also President of the Board of Commissioners of PT and Phil Management, Vice Chairman of PHINMA Property Holdings Corp., Chairman of United Pulp and Paper Co. Inc. of the Siam Cement Group, PHINMA Microtel Hotels, Microtel Hospitality Inc. and other PHINMA-managed companies.

Mr. del Rosario obtained his BSC-Accounting and AB-Social Sciences degrees Harvard Business School. . He has been a director of the company since 2002.

Ms. Regina B. Alvarez (Member) is the Senior Vice President and Group Controller. She was previously appointed as Senior Vice President ± Finance of the company in April 2005. Ms. Alvarez is concurrently Senior Vice President ± Group Controller of PHINMA Inc. and holds various executive posts in PHINMA-managed companies.

She is a director of Araullo University, Southwestern University and T-O Insurance Brokers Inc. Ms. Alvarez is a Certified Accountancy from the University of the Philippines Administration from the Wharton School of Business. Ms. Karen B. Seno (Member) is the Assistant Vice President for Human Resources of PHINMA Inc., the parent company of PHINMA Corporation. She took up Bachelor of Arts in Communication Arts major in Broadcast Journalism at De La Salle University and studied Organizational Development at the Ateneo Center for Organization Research and Development.

She completed the Chief Human Resource Officer Development Program at the Asian Institute of Management.