Registration/Licensing of P400 Million Worth of Life Plans

May 16, 2005 NON-TRADITIONAL SECURITIES AND INSTRUMENTS DEPARTMENT IN THE MATTER OF PHILAM PLANS, INC., registrant. REGISTRATION/LICENSING OF P400 MILLION WORTH OF LIFE PLANS NOTICE AND ORDER Notice is hereby given that on April 25, 2005 a sworn registration statement was filed with the Securities and Exchange Commission for and on behalf of PHILAM PLANS, INC. for the registration and licensing of P400 million worth of Life Plans to be sold at the following gross contract prices based on annual installments: Payment Term Spot Cash Five Pay Type of Plan Minimum Maximum Minimum Maximum Philam Basic Life Plan n.a. P20,000 P100,000 Philam Ultima Life Plan P48,600 P129,600 54,000 144,000 Philam Enhance Life Plan (Option 50) 153,000 1,530,000 170,000 1,700,000 Philam Enhanced Life Plan (Option 100) 270,000 2,700,000 300,000 3,000,000 Note : Details by mode of payment are available in the actuarial feasibility study filed with SEC. According to the papers presented, the following persons appear to be the officers/directors of the corporation: Name Position Jose L. Cuisia Jr. Chairman Jesus G. Hofilena President and CEO Reynaldo C. Centeno Director Edgardo A. Grau Director Teresita O. Salonga Director Anthony B. Sotelo Director Josefino R. Sto. Domingo Director Ma. Fe R. Velasco Director Jose Marie A. Franco Director Manuel L. Ortega Corporate Secretary Said registration statement and other documents attached thereto are open to inspection by interested parties during business hours, and copies thereof, photostatic or otherwise, shall be furnished to anyone upon request as such reasonable fees as the Commission may prescribe. Any person may file an opposition thereto within ten (10) days from publication of the Notice. AEcTCD SO ORDERED. EDSA, Mandaluyong City, Philippines. (SGD.) MERLE JOY B PASCUAL Assistant Director Registration and Licensing Division