Registration/Licensing of P180 Million Worth of Participating Life Plan

July 3, 2007 NON-TRADITIONAL SECURITIES AND INSTRUMENTS DEPARTMENT IN THE MATTER OF PHILAM PLANS, INC., registrant REGISTRATION/LICENSING OF P180 MILLION WORTH OF PARTICIPATING LIFE PLAN NOTICE AND ORDER Notice is hereby given that on July 2, 2007 sworn registration statements were filed with the Securities and Exchange Commission for and on behalf of PHILAM PLANS, INC., for initial registration/licensing of securities covering 1,028 plans worth P180 million of Participating Life Plans. These plans with maturity benefits depending on the specified annual installment amount will be sold at the following contract prices based on annual installments. Participating Life Plan Payment Minimum Annual Minimum Pre-Need Maximum Annual Maximum Pre-need Term (Year) Installment Price Installment Price Five-pay 5,000 25,000 1,000,000 5,000,000 Ten-pay 5,000 50,000 1,000,000 10,000,000 Twenty-pay 5,000 100,000 1,000,000 20,000,000 Note : Details by mode of payment are available in the actuarial feasibility study on file with SEC. Based on the documents filed, the following persons appear to be its officers and directors. Name Position Michael Khalaf Chairman John I. Howell President/CEO Jesus G. Hofilena Director Reynaldo C. Centeno Director Edgardo A. Grau Director Anthony B. Sotelo Director Victor E. Tan Independent Director Jose Marie A. Franco Independent Director Manuel L. Ortega Corporate Secretary Teresita O. Salonga Treasurer Said application for registration and other documents attached thereto are open for inspection by interested parties during office hours, and photocopies thereof shall be provided upon written request and after payment of the required fees. AcIaST Any person may file an opposition thereto within ten (10) days from date of last publication of this Notice and Order. Let this Notice and Order be published, at the expense of the corporation, in two (2) newspapers of general circulation in the Philippines once a week for two (2) consecutive weeks. cDCaTS SO ORDERED. EDSA, Mandaluyong City, Philippines. July 3, 2007. (SGD.) JOSE P. AQUINO Acting Director Published in The Manila Times on July 5 and 12, 2007.