Registration/Licensing of Pre-Need Pension Securities

March 30, 2005 NON-TRADITIONAL SECURITIES AND INSTRUMENTS DEPARTMENT IN THE MATTER OF PRUDENTIALIFE PLAN, INC., registrant . REGISTRATION/LICENSING OF PRE-NEED PENSION SECURITIES ORDER Upon consideration of the registration statement and its papers and documents attached thereto filed for and on behalf of PRUDENTIALIFE PLAN, INC., the Commission in its meeting on March 30, 2005 rendered effective the additional registration/licensing of TWO BILLION PESOS (P2,000,000,000.00) worth of Pension Securities of said corporation subject to the prescribed terms and conditions of the permit. Accordingly, a Certificate of Permit to Sell Securities is hereby issued authorizing the sale of P2,000,000,000.00 worth of Pension Securities . However, the issuance thereof is only permissive and does not constitute a recommendation or indorsement of the securities permitted to be offered for sale. It shall be unlawful to make or cause to be made to any prospective purchaser any representation contrary to the foregoing. Let 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 its promulgation. The corporation is hereby directed to submit to the Commission an affidavit to this effect within five (5) days from such publication. IHcSCA SO ORDERED. EDSA, Mandaluyong City, Philippines. For the Director: (SGD.) MERLE JOY B. PASCUAL Assistant Director Published in The Manila Times on April 1, 2005 .