Application for Certificate of Authority to Establish or Operate a Branch Office

March 18, 2005 IN THE MATTER OF CITIFINANCIAL CORPORATION APPLICATION FOR CERTIFICATE OF AUTHORITY TO ESTABLISH OR OPERATE A BRANCH OFFICE NOTICE AND ORDER Notice is hereby given that the above-named corporation has filed an application for a Certificate of Authority to establish or operate a branch office in San Fernando, Pampanga pursuant to Section 6 of the Rules and Regulations to Implement the Provisions of R.A. No. 8556 (The Financing Company Act of 1998): The applicant's capital structure is as follows: Authorized Capital Stock P300,000,000.00 Subscribed Capital Stock 236,160,000.00 Paid-up Capital Stock 236,160,000.00 According to the papers/documents presented, the following persons are the directors/officers of the corporation: Name Position 1. Kalidas Ghose Director/President/CEO 2. Francisco C. Cuyengkeng Director 3. Nina D. Aguas Director 4. Juan Ricardo B. Tan Director/Asst. Corp. Secretary 5. Jose Salvador V. Mirasol Director/Corp. Secretary 6. Dennis A. Topacio Director/Chief Finance Officer 7. Virgilio V. Caedo Branch Mgr-San Fernando, Pampanga This Notice and Order shall be published in a newspaper of general circulation in the Philippines once a week for two (2) consecutive weeks and shall be simultaneously posted in a public and conspicuous place in the City/Municipality where the office of the company is proposed to be located and in the office of the Commission. Any interested party may oppose the application in writing, personally of through counsel within two (2) weeks after the last publication of the Notice. If the Commission finds that the requirements of R.A. No. 8556, the implementing Rules and Regulations and other pertinent laws have been complied with and no valid reason exists for the disapproval of the subject application, the Commission shall take appropriate action on said application. THEDCA SO ORDERED. (SGD.) JUSTINA F. CALLANGAN Director Published in The Manila Times on March 19 & 21, 2005 .