In the Matter of the Rizal Commercial Banking Corporation

March 19, 2007 CORPORATION FINANCE DEPARTMENT IN THE MATTER OF THE RIZAL COMMERCIAL BANKING CORPORATION, issuer REGISTRATION OF SECURITIES ORDER Upon consideration of the Registration Statement and other papers and documents attached thereto filed for and on behalf of RIZAL COMMERCIAL BANKING CORPORATION, the Commission, in its meeting of March 1, 2007, resolved to render effective the Registration Statement of said company for the registration of its 210,000,000 common shares with a par value of Ten Pesos (P10.00). Let a Certificate of Permit to Sell Securities be issued in favor of RIZAL COMMERCIAL BANKING CORPORATION authorizing the sale of the above securities. cAaETS Let a copy of this ORDER be published at the expense of the corporation once in a newspaper of general circulation in the Philippines within ten (10) days from date hereof. The Corporation is hereby directed to furnish the Commission with a copy of the affidavit of publication of this Order. SO ORDERED. EDSA, Mandaluyong City, Philippines. March 19, 2007. (SGD.) JUSTINA F. CALLANGAN Director Published in The Manila Times on March 20, 2007.