Recomposition of PSE Indices

February 27, 2013 PSE MEMORANDUM NO. CN-0005-13 SUBJECT : Recomposition of PSE Indices The Philippine Stock Exchange is announcing the results of the regular review of the PSEi and sector indices covering trading activity for the period January 2012 to December 2012. The review of the composition of the indices was based on the previously approved criteria used for selecting the members of the indices. To qualify for the PSEi, companies are required to meet the following during the review period: 1. Free float level of at least 12% 2. Must be among the top 25% by median daily value per month for at least nine out of 12 months 3. Top 30 based on full market capitalization (MCAP) To be included in the sector indices, companies must rank among the top 50% in terms of median daily value per month in eight out of the 12-month period in review. To provide stability in the selection of PSEi-member companies, a company shall be inserted in the PSEi if it rises above the 25th position by full MCAP, to replace the company that ranks the lowest. A company shall be deleted in the PSEi if it falls below the 35th position by full MCAP, to be replaced by the company with the highest MCAP among those included in the reserve list. A reserve list or companies which ranked 31st to 35th by full market capitalization will be used in the event that one or more members are deleted from the PSEi during the period up to the next scheduled semi-annual review. Attached is a list of the companies that will compose the PSEi and sector indices with their corresponding adjusted free float levels, consistent with the Exchange's policy on index management. The reserve list is likewise attached. All changes shall be effected on 11 March 2013 (Monday). For your information and guidance. (SGD.) HANS B. SICAT President and Chief Executive Officer ATTACHMENT PSEi Company Stock Adjusted Float Code Level (in %) 1 Ayala Corporation AC 38.0 2 Aboitiz Equity Ventures, Inc. AEV 44.0 3 Alliance Global Group, Inc. AGI 40.0 4 Ayala Land, Inc. ALI 49.0 5 Aboitiz Power Corporation AP 20.0 6 BDO Unibank, Inc. BDO 43.0 7 Belle Corporation BEL 44.0 8 Bloomberry Resorts Corporation BLOOM 29.0 9 Bank of the Philippine Islands BPI 47.0 10 DMCI Holdings, Inc. DMC 28.0 11 Energy Development Corporation EDC 50.0 12 First Gen Corporation FGEN 33.0 13 Globe Telecom, Inc. GLO 22.0 14 International Container Terminal ICT 49.0 Services, Inc. 15 Jollibee Foods Corporation JFC 40.0 16 JG Summit Holdings, Inc. JGS 32.0 17 Metropolitan Bank & Trust Company MBT 49.0 18 Megaworld Corporation MEG 34.0 19 Manila Electric Company MER 13.0 20 Metro Pacific Investments Corporation MPI 41.0 21 Manila Water Company, Inc. MWC 66.0 22 Petron Corporation PCOR 17.0 23 Philex Mining Corporation PX 32.0 24 Robinsons Land Corporation RLC 39.0 25 Semirara Mining Corporation SCC 28.0 26 SM Investments Corporation SM 39.0 27 San Miguel Corporation SMC 15.0 28 SM Prime Holdings, Inc. SMPH 30.0 29 Philippine Long Distance TEL 50.0 Telephone Company 30 Universal Robina Corporation URC 39.0 Reserve List Company Stock Adjusted Float Code Level (in %) 1 Security Bank Corporation SECB 75.0 2 Puregold Price Club, Inc. PGOLD 34.0 3 Lepanto Consolidated Mining LC 84.0 Company "A" Lepanto Consolidated Mining LCB 80.0 Company "B" 4 Philippine National Bank PNB 19.0 5 Rizal Commercial Banking Corporation RCB 28.0 Financials Index Company Stock Adjusted Float Code Level (in %) 1 BDO Unibank, Inc. BDO 43.0 2 Bank of the Philippine Islands BPI 47.0 3 China Banking Corporation CHIB 56.0 4 COL Financial Group, Inc. COL 45.0 5 East West Banking Corporation EW 24.0 6 Metropolitan Bank & Trust Company MBT 49.0 7 Philippine National Bank PNB 19.0 8 The Philippine Stock Exchange, Inc. PSE 31.0 9 Rizal Commercial Banking Corporation RCB 28.0 10 Security Bank Corporation SECB 75.0 11 Union Bank of the Philippines UBP 21.0 Industrial Index Company Stock Adjusted Float Code Level (in %) 1 Asiabest Group International, Inc. ABG 29.0 2 Alsons Consolidated Resources, Inc. ACR 20.0 3 AgriNurture, Inc. ANI 28.0 4 Aboitiz Power Corporation AP 20.0 5 Chemrez Technologies, Inc. COAT 36.0 6 Energy Development Corporation EDC 50.0 7 EEI Corporation EEI 45.0 8 First Gen Corporation FGEN 33.0 9 Alliance Select Foods International, Inc. FOOD 54.0 10 First Philippine Holdings Corporation FPH 47.0 11 Greenergy Holdings Incorporated GREEN 65.0 12 Holcim Philippines, Inc. HLCM 15.0 13 Jollibee Foods Corporation JFC 40.0 14 LMG Chemicals Corporation LMG 34.0 15 LT Group, Inc. LTG 10.0 16 Manila Electric Company MER 13.0 17 Manila Water Company, Inc. MWC 66.0 18 Megawide Construction Corporation MWIDE 18.0 19 Petron Corporation PCOR 17.0 20 Pepsi-Cola Products Philippines, Inc. PIP 36.0 21 Phoenix Petroleum Philippines, Inc. PNX 19.0 22 RFM Corporation RFM 48.0 23 San Miguel Corporation SMC 15.0 24 Trans-Asia Oil and Energy TA 45.0 Development Corporation 25 Universal Robina Corporation URC 39.0 Holding Firms Index Company Stock Adjusted Float Code Level (in %) 1 Abacus Consolidated Resources ABA 40.0 and Holdings, Inc. 2 Ayala Corporation AC 38.0 3 Aboitiz Equity Ventures, Inc. AEV 44.0 4 Alliance Global Group, Inc. AGI 40.0 5 DMCI Holdings, Inc. DMC 28.0 6 Filinvest Development Corporation FDC 10.0 7 GT Capital Holdings, Inc. GTCAP 30.0 8 JG Summit Holdings, Inc. JGS 32.0 9 Lodestar Investment Holdings Corporation LIHC 88.0 10 Lopez Holdings Corporation LPZ 44.0 11 Marcventures Holdings, Inc. MARC 35.0 12 Minerales Industrias Corporation MIC 94.0 13 Metro Pacific Investments Corporation MPI 41.0 14 SM Investments Corporation SM 39.0 15 Wellex Industries, Inc. WIN 43.0 16 Zeus Holdings, Inc. ZHI 43.0 Property Index Company Stock Adjusted Float Code Level (in %) 1 Ayala Land, Inc. ALI 49.0 2 Belle Corporation BEL 44.0 3 Cebu Holdings, Inc. CHI 39.0 4 Century Properties Group, Inc. CPG 27.0 5 Cyber Bay Corporation CYBR 39.0 6 Empire East Land Holdings, Inc. ELI 20.0 7 Filinvest Land, Inc. FLI 39.0 8 Global-Estate Resorts, Inc. GERI 22.0 9 Megaworld Corporation MEG 34.0 10 MRC Allied, Inc. MRC 93.0 11 Philippine Estates Corporation PHES 53.0 12 Robinsons Land Corporation RLC 39.0 13 Rockwell Land Corporation ROCK 13.0 14 SM Development Corporation SMDC 15.0 15 SM Prime Holdings, Inc. SMPH 30.0 16 Vista Land & Lifescapes, Inc. VLL 36.0 Services Index Company Stock Adjusted Float Code Level (in %) 1 ABS-CBN Corporation ABS 41.0 2 Acesite (Philippines) Hotel Corporation ACE 44.0 3 Boulevard Holdings, Inc. BHI 43.0 4 Bloomberry Resorts Corporation BLOOM 29.0 5 Cebu Air, Inc. CEB 33.0 6 DFNN, Inc. DFNN 77.0 7 IP E-Game Ventures, Inc. EG 52.0 8 Globe Telecom, Inc. GLO 22.0 9 GMA Network, Inc. GMA7 32.0 10 International Container Terminal ICT 49.0 Services, Inc. 11 IPVG Corporation IP 50.0 12 Leisure & Resorts World Corporation LR 61.0 13 Manila Jockey Club, Inc. MJC 83.0 14 Paxys, Inc. PAX 26.0 15 Puregold Price Club, Inc. PGOLD 34.0 16 Philippine Long Distance TEL 50.0 Telephone Company 17 Philweb Corporation WEB 19.0 Mining & Oil Index Company Stock Adjusted Float Code Level (in %) 1 Apex Mining Company, Inc. "A" APX 14.0 Apex Mining Company, Inc. "B" APXB 14.0 2 Atlas Consolidated Mining AT 32.0 and Development Corporation 3 Basic Energy Corporation BSC 93.0 4 Dizon Copper Silver Mines, Inc. DIZ 100.0 5 GEOGRACE Resources Philippines, Inc. GEO 83.0 6 Lepanto Consolidated Mining LC 84.0 Company "A" Lepanto Consolidated Mining LCB 80.0 Company "B" 7 Manila Mining Corporation "A" MA 80.0 Manila Mining Corporation "B" MAB 77.0 8 NiHAO Mineral Resources NI 67.0 International, Inc. 9 Nickel Asia Corporation NIKL 22.0 10 Oriental Petroleum and Minerals OPM 63.0 Corporation "A" Oriental Petroleum and Minerals OPMB 63.0 Corporation "B" 11 Oriental Peninsula Resources ORE 33.0 Group, Inc. 12 The Philodrill Corporation OV 49.0 13 Philex Mining Corporation PX 32.0 14 Philex Petroleum Corporation PXP 18.0 15 Semirara Mining Corporation SCC 28.0 16 United Paragon Mining Corporation UPM 16.0