Recomposition of PSE Indices

August 22, 2012 PSE MEMORANDUM NO. CN-0045-12 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 July 2011 to June 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. Trading liquidity 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) cEaSHC To be included in the sector indices, companies must rank among the top 50% in terms of median daily trade 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 10 September 2012 (Monday). For your guidance. Thank you. (SGD.) HANS B. SICAT President and Chief Executive Officer ATTACHMENT PSEi Company Stock Code Adjusted Float Level (%) 1 Ayala Corporation AC 36.0 2 Aboitiz Equity Ventures, Inc. AEV 44.0 3 Alliance Global Group, Inc. AGI 43.0 4 Ayala Land, Inc. ALI 46.0 5 Aboitiz Power Corporation AP 22.0 6 BDO Unibank, Inc. BDO 41.0 7 Belle Corporation BEL 46.0 8 Bank of the Philippine Islands BPI 47.0 9 DMCI Holdings, Inc. DMC 28.0 10 Energy Development Corporation EDC 51.0 11 First Gen Corporation FGEN 32.0 12 Globe Telecom, Inc. GLO 22.0 13 International Container Terminal Services, Inc. ICT 49.0 14 Jollibee Foods Corporation JFC 40.0 15 JG Summit Holdings, Inc. JGS 30.0 16 Metropolitan Bank & Trust Company MBT 49.0 17 Megaworld Corporation MEG 38.0 18 Manila Electric Company MER 16.0 19 Metro Pacific Investments Corporation MPI 41.0 20 Manila Water Company, Inc. MWC 66.0 21 Petron Corporation PCOR 15.0 22 Philex Mining Corporation PX 32.0 23 Robinsons Land Corporation RLC 39.0 24 Semirara Mining Corporation SCC 28.0 25 SM Investments Corporation SM 41.0 26 San Miguel Corporation SMC 24.0 27 SM Development Corporation SMDC 15.0 28 SM Prime Holdings, Inc. SMPH 31.0 29 Philippine Long Distance Telephone Company TEL 50.0 30 Universal Robina Corporation URC 39.0 Reserve List Company Stock Code Adjusted Float Level (%) 1 Lepanto Consolidated Mining Company "A" LC 84.0 Lepanto Consolidated Mining Company "B" LCB 80.0 2 Security Bank Corporation SECB 74.0 3 Cebu Air, Inc. CEB 33.0 4 Philippine National Bank PNB 33.0 5 Rizal Commercial Banking Corporation RCB 35.0 Financials Index Company Stock Code Adjusted Float Level (%) 1 BDO Unibank, Inc. BDO 41.0 2 Bank of the Philippine Islands BPI 47.0 3 China Banking Corporation CHIB 58.0 4 COL Financial Group, Inc. COL 45.0 5 Metropolitan Bank & Trust Company MBT 49.0 6 National Reinsurance Corporation of the Philippines NRCP 48.0 7 Philippine National Bank PNB 33.0 8 The Philippine Stock Exchange, Inc. PSE 30.0 9 Rizal Commercial Banking Corporation RCB 35.0 10 Security Bank Corporation SECB 74.0 11 Union Bank of the Philippines UBP 23.0 Industrial Index Company Stock Code Adjusted Float Level (%) 1 Asiabest Group International Inc. ABG 29.0 2 Alsons Consolidated Resources, Inc. ACR 20.0 3 Alaska Milk Corporation AMC 2.3 4 AgriNurture, Inc. ANI 28.0 5 Aboitiz Power Corporation AP 22.0 6 Southeast Asia Cement Holdings, Inc. CMT 16.0 7 Chemrez Technologies, Inc. COAT 37.0 8 Energy Development Corporation EDC 51.0 9 EEI Corporation EEI 45.0 10 First Gen Corporation FGEN 32.0 11 Alliance Select Foods International, Inc. FOOD 87.0 12 First Philippine Holdings Corporation FPH 47.0 13 Greenergy Holdings Incorporated GREEN 69.0 14 Holcim Philippines, Inc. HLCM 15.0 15 Jollibee Foods Corporation JFC 40.0 16 Manila Electric Company MER 16.0 17 Manila Water Company, Inc. MWC 66.0 18 Megawide Construction Corporation MWIDE 21.0 19 Petron Corporation PCOR 15.0 20 Pepsi-Cola Products Philippines, Inc. PIP 36.0 21 Phoenix Petroleum Philippines, Inc. PNX 28.0 22 RFM Corporation RFM 48.0 23 Swift Foods, Inc. SFI 100.0 24 San Miguel Corporation SMC 24.0 25 Trans-Asia Oil and Energy Development Corporation TA 41.0 26 Universal Robina Corporation URC 39.0 27 Vulcan Industrial & Mining Corporation VUL 74.0 Holding Firms Index Company Stock Code Adjusted Float Level (%) 1 Abacus Consolidated Resources and Holdings, Inc. ABA 36.0 2 Ayala Corporation AC 36.0 3 Aboitiz Equity Ventures, Inc. AEV 44.0 4 Alliance Global Group, Inc. AGI 43.0 5 DMCI Holdings, Inc. DMC 28.0 6 Filinvest Development Corporation FDC 3.4 7 JG Summit Holdings, Inc. JGS 30.0 8 Lodestar Investment Holdings Corporation LIHC 88.0 9 Lopez Holdings Corporation LPZ 46.0 10 Marcventures Holdings, Inc. MARC 35.0 11 Minerales Industrias Corporation MIC 93.0 12 Metro Pacific Investments Corporation MPI 41.0 13 SM Investments Corporation SM 41.0 14 Wellex Industries, Inc. WIN 43.0 15 Zeus Holdings, Inc. ZHI 43.0 Property Index Company Stock Code Adjusted Float Level (%) 1 Ayala Land, Inc. ALI 46.0 2 Belle Corporation BEL 46.0 3 Century Properties Group Inc. CPG 27.0 4 Cyber Bay Corporation CYBR 39.0 5 Empire East Land Holdings, Inc. ELI 27.0 6 Filinvest Land, Inc. FLI 39.0 7 Global-Estate Resorts, Inc. GERI 24.0 8 Megaworld Corporation MEG 38.0 9 MRC Allied, Inc. MRC 87.0 10 Robinsons Land Corporation RLC 39.0 11 Sta. Lucia Land, Inc. SLI 10.0 12 SM Development Corporation SMDC 15.0 13 SM Prime Holdings, Inc. SMPH 31.0 14 Vista Land & Lifescapes, Inc. VLL 32.0 Services Index Company Stock Code Adjusted Float Level (%) 1 ABS-CBN Corporation ABS 41.0 2 APC Group, Inc. APC 51.0 3 Boulevard Holdings, Inc. BHI 43.0 4 Bloomberry Resorts Corporation BLOOM 12.0 5 Cebu Air, Inc. CEB 33.0 6 DFNN, Inc. DFNN 77.0 7 IP E-Game Ventures, Inc. EG 25.0 8 Globe Telecom, Inc. GLO 22.0 9 GMA Network, Inc. GMA7 32.0 10 International Container Terminal Services, Inc. ICT 49.0 11 IPVG Corporation IP 63.0 12 ISM Communications Corporation ISM 21.0 13 |Leisure & Resorts World Corporation LR 61.0 14 PAL Holdings, Inc. PAL 2.3 15 Paxys, Inc. PAX 26.0 16 Puregold Price Club, Inc. PGOLD 34.0 17 Premiere Horizon Alliance Corporation PHA 73.0 18 Philippine Long Distance Telephone Company TEL 50.0 19 Philweb Corporation WEB 22.0 20 Waterfront Philippines, Inc. WPI 52.0 Mining & Oil Index Company Stock Code Adjusted Float Level (%) 1 Apex Mining Company, Inc. "A" APX 21.0 Apex Mining Company, Inc. "B" APXB 15.0 2 Abra Mining and Industrial Corporation AR 43.0 3 Atlas Consolidated Mining and Development Corporation AT 42.0 4 Benguet Corporation "A" BC 43.0 Benguet Corporation "B" BCB 76.0 5 Basic Energy Corporation BSC 93.0 6 Century Peak Metals Holdings Corporation CPM 40.0 7 Dizon Copper Silver Mines, Inc. DIZ 100.0 8 GEOGRACE Resources Philippines, Inc. GEO 82.0 9 Lepanto Consolidated Mining Company "A" LC 84.0 Lepanto Consolidated Mining Company "B" LCB 80.0 10 Manila Mining Corporation "A" MA 79.0 Manila Mining Corporation "B" MAB 77.0 11 NiHAO Mineral Resources International, Inc. NI 67.0 12 Nickel Asia Corporation NIKL 23.0 13 Oriental Peninsula Resources Group, Inc. ORE 33.0 14 Oriental Petroleum and Minerals Corporation "A" OPM 63.0 Oriental Petroleum and Minerals Corporation "B" OPMB 63.0 15 The Philodrill Corporation OV 49.0 16 Philex Mining Corporation PX 32.0 17 Philex Petroleum Corporation PXP 18.0 18 Semirara Mining Corporation SCC 28.0 19 United Paragon Mining Corporation UPM 16.0