Adjustments to Float Levels of Index Companies

November 21, 2012 PSE MEMORANDUM No. CN-0060-12 SUBJECT : Adjustments to Float Levels of Index Companies The Philippine Stock Exchange shall adjust the float levels of one PSEi-member company and six sector index-member companies on 26 November 2012 (Monday) following the conduct of its quarterly rebalancing of float levels, based on the PSE Revised Policy on Index Management (Memorandum No. 2011-0181). TCaEAD Section 4.5. Rebalancing or Changes to Constituent Weightings of the said policy states that "Adjustments in the free float level of index constituents arising from corporate actions shall be made accordingly on a quarterly basis, every March, June, September and December of a calendar year. . . To prevent a large number of insignificant weighting changes, the free float level for each company is amended only when it changes by more than five percent (5%) on a cumulative basis." The adjustments are based on the companies' latest public ownership reports as of 30 September 2012 submitted to the PSE. The quarterly rebalancing of float levels does not affect the composition of the PSE Indices (PSEi and Sector Indices). Attached is a list of the seven companies which will be rebalanced together with their corresponding adjusted free float levels. For your information and guidance. HIAESC (SGD.) JOHN BENETTE B. MAMAGUN AVP and Head Corporate Planning & Investor Relations Division ATTACHMENT PSEi Company Symbol Previous Adjusted Float Float Level Level (in %) (in %) 1 Belle Corporation BEL 46.0 36.0 Financials Company Symbol Previous Adjusted Float Float Level Level (in %) (in %) 1 Rizal Commercial Banking RCB 35.0 28.0 Corporation Industrial Company Symbol Previous Adjusted Float Float Level Level (in %) (in %) 1 Alliance Select Foods FOOD 87.0 56.0 International, Inc. Holding Firms None Property Company Symbol Previous Adjusted Float Float Level Level (in %) (in %) 1 Belle Corporation BEL 46.0 36.0 Services Company Symbol Previous Adjusted Float Float Level Level (in %) (in %) 1 IP E-Game EG 25.0 39.0 Ventures, Inc. 2 IPVG Corporation IP 63.0 46.0 Mining & Oil Company Symbol Previous Adjusted Float Float Level Level (in %) (in %) 1 Apex Mining APX 21.0 14.0 Company, Inc. "A" Apex Mining APXB 15.0 14.0 Company, Inc. "B" 2 Atlas Consolidated AT 42.0 33.0 Mining and Development Corporation