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In the Matter of Liberty Flour Mills, Inc.

SEC-CFD Order No. 046-09 • Securities and Exchange Commission Departments • Corporate Governance and Finance Department (CGFD) • Mar 27, 2009

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March 27, 2009 SEC-CFD ORDER NO. 046-09 IN THE MATTER OF LIBERTY FLOUR MILLS, INC. VIOLATION OF SECTION 54 OF THE SECURITIES REGULATION C OD E ORDER LIBERTY FLOUR MILLS, INC., having violated Section 54 of the Securities Regulation Code due to the late filing of its sworn certification on the extent of its Compliance with its Manual on Corporate Governance was penalized and required to pay a total penalty of TWENTY NINE THOUSAND FIVE HUNDRED PESOS (P29,500.00) which it paid under Official Receipt No. 0274958 on March 27, 2009. CDHaET The company is admonished to take all appropriate measures to ensure its faithful and timely compliance with the Securities Regulation Code and its Implementing Rules and Regulations. Any further violation shall subject the company and/or its responsible officers to heavier penalties as may be provided by law. SO ORDERED. EDSA, Greenhills, Mandaluyong City, March 27, 2009. (SGD.) JUSTINA F. CALLANGAN Director

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