Additional Processing Fee for Amendments to an Approved Listing Application

November 18, 1997 PSE LISTING CIRCULAR NO. 207-97 SUBJECT : Additional Processing Fee for Amendments to an Approved Listing Application EXECUTIVE SUMMARY The following is the provision for additional processing fee for the amendment of an approved listing application, approved and adopted by the Board of Governors: A. Request for Extension of Period to Offer and List and for Amendments to an Approved Listing Application 1. After the approval of the application for listing and before the expiration of the period within which to offer and list as provided for in the Notice of Approval of Application and the Listing Rules, the applicant may file with the Listing Committee a request for extension of the said period only if the same is based on meritorious and reasonable ground(s), as determined by the Exchange. 2. The Listing Committee shall consider the request for extension and recommend the denial or approval of the same to the Board of Governors. 3. Should the request for extension contain material or substantial amendments to the terms and conditions of the approved listing application, the Listing Committee, with the approval of the Board of Governors, may impose an additional processing fee of not less than fifty percent (50%) of the original processing fee. 4. An additional processing fee of not less than fifty percent (50%) of the original processing fee shall likewise be imposed on an applicant company which shall file a request for amendment of any of the terms and conditions of its approved listing application should the Listing Committee, with the approval of the Board of Governors, find the said amendment substantial or material. 5. Any amendment(s) to the terms and conditions of the approved listing application shall likewise be subject to the approval of the Securities and Exchange Commission (SEC). The foregoing rules and policies shall be supplemental to the Manual of Rules Governing the Listing of Securities (Listing Rules) approved by the Board of Governors. Any rule or policy which is inconsistent herewith is hereby deemed repealed or modified accordingly. cdlex The foregoing rules of the Exchange shall be effective immediately upon publication thereof. (SGD.) JOSE LUIS U. YULO, JR. President & CEO