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Submission of the Annual Corporate Governance Report (ACGR) Together with the Annual Report

SEC Advisory • Securities and Exchange Commission • Advisories • Mar 12, 2015

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March 12, 2015 SEC ADVISORY TO : All Publicly-Listed Companies SUBJECT : Submission of the Annual Corporate Governance Report (ACGR) Together with the Annual Report In view of the forthcoming 2014-2015 ASEAN Corporate Governance Scorecard Assessment, all publicly-listed companies (PLCs) are directed to submit their 2014 ACGR together with their 2014 Annual Report (SEC Form 17-A) to the Commission and to the Philippine Stock Exchange (PSE). The ACGR is intended to take the place of the Corporate Governance section of the Annual Report. The ACGR is to be attached to the Annual Report with the proper reference, i.e. , "Please refer to attached ACGR", in Item 13. Part IV Corporate Governance portion of the Annual Report. Otherwise, the company's Annual Report (SEC Form 17-A) shall be deemed an incomplete filing. Mandaluyong City, March 12, 2015. ESTcIA (SGD.) TERESITA J. HERBOSA Chairperson

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