Registration and Licensing of Fixed Value, Education Plans

June 22, 2006 NON-TRADITIONAL SECURITIES AND INSTRUMENTS DEPARTMENT IN THE MATTER OF HIMLAYANG PILIPINO PLANS, INC., registrant REGISTRATION AND LICENSING OF FIXED VALUE EDUCATION PLANS ORDER Upon consideration of the registration statement and its papers and documents attached thereto filed for and on behalf of HIMLAYANG PILIPINO PLANS, INC., the Commission in its meeting on June 23, 2006 rendered effective the approval of registration and licensing of additional securities covering P100 Million worth of Fixed Value Education Plans with Changes in Pricing of said corporation subject to the prescribed terms and conditions of the permit. cDHAaT 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. cTSHaE SO ORDERED. EDSA, Mandaluyong City, Philippines. (SGD.) MERGE JOY B. PASCUAL Assistant Director Regional & Licensing Division Published in The Manila Times on June 30, 2006 .