STOCK RIGHTS OFFERING

“The offering information on this site is intended to be available only to investors (i) located in and resident of the Philippines; (ii) located in the Netherlands and qualified investors as defined in Section 1:1 of the Dutch Financial Supervision Act (Wet Op Het Financieel Toezicht); (iii) incorporated in the British Virgin Islands (“BVI”) and existing as BVI Business Companies under the BVI Business Companies Act, 2004, as amended of the BVI; or (iv) located in Hong Kong and who are professional investors within the meaning of the Securities and Futures Ordinance (CAP.571, Laws of Hong Kong) and any rules made thereunder, and is not intended for distribution in the United States. The information contained in this Web site may not be published or distributed outside the Philippines, the Netherlands, the BVI, and Hong Kong, including, directly or indirectly, in the United States and this information does not constitute an offer of Rights Shares for sale in the United States. The Rights Shares described in the draft prospectus have not been, and will not be, registered under U.S. Securities Act or with any securities regulatory authority of any state or other jurisdiction in the United States and may not be offered or sold, directly or indirectly, into the United States unless the Rights Shares are so registered or an exemption from the U.S. registration requirements is available. There will be no public offer of the Rights Shares mentioned herein in the United States.

NOTHING IN THIS SITE CONSTITUTES AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. THE RIGHTS SHARES COVERED BY THE PROSPECTUS HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “U.S. SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR OTHER JURISDICTION AND THE RIGHTS SHARES MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES, EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE U.S. SECURITIES ACT AND APPLICABLE STATE OR LOCAL SECURITIES LAWS.

THIS INFORMATION IS TO BE VIEWED EXCLUSIVELY OUTSIDE OF THE UNITED STATES AND IS NOT INTENDED TO BE VIEWED BY US PERSONS.

STOCK RIGHTS OFFERING

“Access to the information and documents on this portion of the website is restricted for regulatory reasons. The information and documents on this portion of the website (a) are intended to be available only to Philippine and non-Philippine citizens resident or physically present in the Philippines or corporations or juridical entities organized and existing under Philippine law and are not intended for distribution outside the Philippines; and (b) are not intended for distribution in the United States (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”)). The information contained in this website may not be published or distributed, directly or indirectly, in the United States and this information does not constitute an offer of any securities for sale in the United States. The securities described in the documents or information available on this portion of the website have not been, and will not be, registered under the Securities Act or with any securities regulatory authority of any state or other jurisdiction in the United States and may not be offered or sold, directly or indirectly, into the United States unless the securities are so registered or an exemption from the United States registration requirements is available. There will be no public offer of the securities described herein in the United States.

THIS INFORMATION IS TO BE VIEWED EXCLUSIVELY WITHIN THE PHILIPPINES, THE NETHERLANDS, THE BVI, AND HONG KONG.”