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In the Matter of the Grepalife Dollar Bond Fund Corporation

SEC-CFD Order No. 023-06 • Securities and Exchange Commission Departments • Corporate Governance and Finance Department (CGFD) • Feb 28, 2006

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February 28, 2006 SEC-CFD ORDER NO. 023-06 IN THE MATTER OF THE GREPALIFE DOLLAR BOND FUND CORPORATION , registrant . ORDER Upon consideration of the application to act as an investment company and Registration Statement together with the other papers and documents attached thereto filed for and on behalf of GREPALIFE DOLLAR BOND FUND CORPORATION, the Commission, in its meeting of February 23, 2006, resolved to approve the application of said corporation to act as an investment company under the Investment Company Act and its Implementing Rules and Regulations, and to render effective its Registration Statement covering its Four Million (4,000,000) common shares in accordance with the Securities Regulation Code and its Implementing Rules and Regulations. A Certificate of Permit to Offer Securities For Sale authorizing the sale of said securities is issued with this Order. Let this ORDER be published at the expense of the corporation once a week for two (2) consecutive weeks in two (2) newspapers 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 within five (5) days from last publication thereof. SO ORDERED. EDSA, Greenhills, City of Mandaluyong, Metro Manila, Philippines. February 28, 2006. DTEIaC (SGD.) JUSTINA F. CALLANGAN Director ATTACHMENT CERTIFICATE OF PERMIT TO OFFER SECURITIES FOR SALE

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