In re Gotesco Land, Inc.

December 16, 2008 SEC-CFD ORDER NO. 154-08 IN THE MATTER OF GOTESCO LAND, INC. O R D E R The records on file with this Commission show that the company committed the following violations: TDcCIS VIOLATION DUE DATE DATE FILED DATE FREQUENCY AMOUNT DISCOVERED OF VIOLATION ASSESSED Non-filing of 2007 Annual Report 04/14/08 - 05/06/08 4th Violation For (SEC Form 17-A) suspension Non-filing of 2008 1st Quarter 05/15/08 - 06/12/08 3rd Violation P111,000.00 1 Report (SEC Form 17-Q) Non-filing of 2008 2nd Quarter 08/14/08 - 09/04/08 4th Violation For Report (SEC suspension Form 17-Q) In spite of notice and demand, the company has failed to submit the required reports and pay the assessed penalty. Pursuant to the Resolution of the Commission in its meeting on 11 December 2008, the company's Registration of Securities and Certificate of Permit to Sell Securities to the Public are hereby SUSPENDED for a period of 60 days from the date of receipt of this Order or until the company submits the required reports and pays the penalty in full, 2 whichever comes first. Should the company fail to comply with the above directive within the said period, the Commission shall immediately initiate proceedings for the revocation of its Registration of Securities and Certificate of Permit to Sell Securities to the Public. Let a copy of this Order be sent to the Philippine Stock Exchange and posted in the Commission's official website for the information and guidance of the public. SAHIDc SO ORDERED. Signed this 16th day of December 2008 at Mandaluyong City, Philippines. For the Commission: (SGD.) JUSTINA F. CALLANGAN Director Footnotes 1. Computed as of date of assessment on 07 August 2008. 2. Penalty for Non-filing of 2008 1st Quarter Report P60,000.00 + P600.00 for each day of continuing violation.