Vicente R. Ayllon
Chairman - Executive Committee

Associate in Commercial Science, San Juan de Letran College
B.S. Commerce, University of the East
Chairman & CEO: The Insular Life Assurance Co., Ltd.
Chairman & President: Insular Life Property Holdings, Inc.
Chairman: Insular Investment and Trust Corp.; Insular Life Health Care, Inc.; 
	ILMADECO; Home Credit Mutual Buidling & Loan Association; Insular Life Foundation;
	Asian Hospital, Inc.
Vice Chairman: Union Bank of the Philippines; Mapfre Insular Insurance Corp.
Director: Pilipinas Shell Petroleum Corp.; Shell Company of the Philippines, Ltd.; 
	The Palms Country Club; Philippine Hoteliers, Inc.

Edilberto B. Bravo
Chairman - Finance & Investment Committee
Member - Executive Committee Personnel and Compensation Committee

Bachelor of Laws, B.S. Jurisprudence, University of the Philippines
Chairman and CEO: U-Bix Corporation
President: Facilities Managers, Inc. (Service MASTER); EastWest Capital Corp.; 
	Compufax Corporation; Bookhaven, Inc.; U-Bix Subic Bay Corp.; Federated Realty 
	Corp.; Facilities Management Academy; Filtek Safeway Corporation; Bravo Golf 
	Corporation; Bravo Coffee Corporation.
Director: Insular Life Health Care, Inc.; Insular Investment & Trust Corporation; 
	Union Bank of the Philippines; Institute of Corporate Directors
Member: Philippine Bar Association; Integrated Bar of the Philippines;
	New York State Bar Association; American Bar Association; Australian New Zealand 
	Chamber of Commerce in the Philippines, Inc.; American Chamber of Commerce of the
	Philippines, Inc.; Pacific Basin Economic Council (PBEC); Management Association 
	of the Philippines; Phil. Chamber 
	of Commerce & Industry; Employers Confederation of the Phils.; European Chamber 
	of Commerce of the Phils.; Japanese Chamber of Commerce & Industry of the 
	Philippines, Inc.; Paul Harris Fellow, Rotary International and Past President, 
	Rotary Club Makati North; The Country Club.

Cesar C. Cruz
Chairman - Nominations Committee
                      Governance Committee
Vice Chairman - Personnel and Compensation Committee
Member - Budget and Audit Committee

Bachelor of Laws (1957), University of the Philippines
Managing Partner: Cesar C. Cruz & Partners Law Offices
President/Director: Celereica Holdings, Inc.; Lisar Development Corporation; Legal 
	Investors, Inc.; Boston Properties, Inc.; Bauer Foundations Philippines, Inc.; 
	Ebro Armaturen Philippines, Inc.
Director: Insular Investments and Trust Corporation; Robert Bosch Inc.; Man Diesel 
	Philippines, Inc.
Corporate Secretary/Legal Counsel: Sojitz Philippines Corporation; Sojitz Corporation; 
	European Chamber of Commerce of the Philippines Inc.; Planters Development Bank; 
	IHI Philippines, Inc.; Ishikawajima Harima Heavy Industries Co., Ltd.; 
	Widerthan Co., Ltd.; Sara Lee Corporation; Sara Lee Philippines, Inc.; 
	H.I. Kousan, Inc.; Tsukiden Software Philippines, Inc.
Member: Integrated Bar of the Philippines; Philippine Bar Association; European 
	Chamber of Commerce of the Philippines, Inc.; Philippine French Business Council; 
	International Trademark Association; Association Internationale Pour la Protection 
	De La Propriete Industrielle (AIPPI); European Community Trademark Association; 
	Institute of Trademark Attorneys (UK); Intellectual Property Association of the 
	Philippines; Asian Patent Attorneys Association; Licensing Executives Society 
	of the Philippines; Legal Management Council of the Philippines; Makati Rotary 
	Club; Manila Golf and Country Club, Inc.; Sta. Elena Golf and Country Club; 
	Manila Polo Club; Midland Golf and Country Club, Inc.

Delfin L. Lazaro
Member - Budget and Audit Committee
                   Finance & Investment Committee

B.S. Metallurgical Engineering, University of the Philippines
Master in Business Administration, with Distinction, Harvard Graduate School of Business
Managing Director: Lazaro, Bernardo, Tiu and Associates, Inc.
CEO: Internal Division, AC Capital Group
Chairman: Atlas Fertilizer and Chemicals, Inc.; Philwater Holdings Company, Inc.; 
	Live It Solutions, Inc.; HR Mall, Inc.
Vice Chairman of the Board: Globe Telecom
Vice Chairman & President: ASIACOM
Member of the Board: Ayala Land, Inc.; Insular Life Assurance Co., Ltd.; Integrated 
	Microelectronics, Inc.; Manila Water Company, Inc.; Ayala Automotive Holdings 
	Corp.; Ayala DBS Holdings, Inc.; Probe Productions, Inc.; Vicsal Investment Inc.; 
	Bayantrade Inc.; Ayala International Holdings, Ltd.; AG Holdings Ltd.; Bestfull 
	Holdings Ltd.; AI North America

Ricardo G. Librea
Member - Governance Committee
                  Budget and Audit Committee
                  Personnel and Compensation Committee

B.S. Business Administration (1957), University of the East
Certified Public Accountant
Director: Nextstage, Inc.; Technology Support Services, Inc. (TSSI)
Director & Chairman of Audit Committee: Insular Investment & Trust Corporation
Consultant: Financial & Tax Concerns
Member of the Board of Trustees: Makati Rotary Club Foundation, Inc.
Past President: Financial Executives Institute of the Philippines (FINEX); Rotary 
	Club of Makati
Past Chairman: FINEX Research & Development Foundation, Inc.
Member: Management Association of the Philippines

Mayo Jose B. Ongsingco
Vice Chairman - Nominations Committee
Member - Executive Committee
                  Finance and Investment Committee

AB Economics, Magna Cum Laude, De La Salle University
BSC Accounting, Magna Cum Laude, De La Salle University
Master of Business Administration, University of the Philippines
Master of National Security Administration, National Defense College of the Philippines
President and Chief Operating Officer: The Insular Life Assurance Company, Ltd.
Director/ExCom Member: Insular Investment & Trust Corporation
Director & President: Insular Life Management & Development Corp.
Director/Vice Chairman (Board): Insular Life Property Holdings, Inc.
Vice Chairman (Board) and ExCom Member: Insular Life Health Care, Inc.
Vice Chairman (Board/ExCom): Home Credit Mutual Building & Loan Association, Inc.
Chairman: Insular Life Employees’ Retirement Fund; ILAC General Insurance Agency, Inc
Director: Insular Life Foundation; Mapfre Insular Insurance Corp.; Asian Hospital, Inc.;
	Keppel Philippines Holdings; Union Bank of the Philippines; Pamplona Realty, Inc.; 
	Pilipinas Shell Petroleum Corporation; Subic Shipyard & Engineering

Antonio H. Ozaeta
Vice Chairman - Executive Committee
                              Budget and Audit Committee
Member - Personnel and Compensation Committee

B.S. Economics, with honors, Ateneo de Manila
B.S. Business Administration, Cum Laude, De La Salle University
Master in Business Administration, Harvard University
President and Director: Philippine Trust Company (PHILTRUST Bank)
Chairman: Magellan Capital Holdings Corp.; Magellan Utilities Development Corp.; 
	Philippine Commercial Capital, Inc.; PCCI Insurance Brokers, Inc.; PCCI Finance 
	Corp.; PCCI Securities Brokers, Corp.
Vice Chairman:  Alaska Milk Corp.
Director: Insular Life Health Care, Inc.; Home Credit Mutual Building & Loan 
	Association, Inc.; Melitona Estate, Inc.
Member: Board of Trustees, University of Asia and the Pacific

Alfredo B. Paruñgao
Chairman - Budget and Audit Committee
Vice Chairman - Finance and Investment Committee
Member - Executive Committee
                  Nominations Committee

B.S. Commerce, Summa Cum Laude, Far Eastern University
Certified Public Accountant
President: CIBI Foundation, Inc.
Director: Insular Investment & Trust Corporation
President:  Ligaya Management Corporation
Director and Treasurer: DS Realty, Inc.
Director: U-Bix Corporation; Philtown Properties, Inc.; Swift Foods, Inc.
Chief of Staff: Office of the Chairman, Social Security Commission
Director and Treasurer: P&GERS Fund Inc.
Former Senior Vice President & Chief Finance Officer: Fort Bonifacio Development 
	Corporation
Former President & CEO: Philippine Global Communications, Inc.
Former Executive Vice President & Chief Operating Officer: Philippine National Oil 
	Company

Bernardo M. Villegas
Vice Chairman - Governance Committee
Member - Finance and Investment Committee
                  Personnel and Compensation Committee

Bachelor of Arts, Summa Cum Laude, De La Salle University
Bachelor of Science in Commerce, Summa Cum Laude, De La Salle University
Fourth Place, Board Exam for Certified Public Accountant (CPA)
M.A. in Economics, Harvard University
Ph.D. in Economics, Harvard University
University Professor: University of Asia and the Pacific
Visiting Professor: IESE Business School, Barcelona, Spain
Chairman: Center for Research and Communication
Consultant on Strategic Planning and Management Development or Member of the Board of 
	Directors of leading firms in the following industries: food and beverage, 
	sugar milling, pharmaceutical, electric power, banking, information technology, 
	construction, agribusiness, trading, transportation and engineering
Columnist: Manila Bulletin
Member of the Board of the Makati Business Club, PHINMA Foundation and Dualtech 
	Foundation