Manuel Velez Pangilinan Biography When I first heard of Mr. Manny Pangilinan, I said to myself, men!

Some people are just born lucky. Who would not want to have the success he enjoys today? If there are people who are born with green thumbs, this man seemed to have been born with a golden touch because everything he touches becomes very valuable like gold. But such things only happen in fairy tales, so out of curiosity I searched through the internet everything I could about this businessperson hoping to know his secret to success. Upon doing so, I realized that my first impression about his achievements was absolutely wrong. I learned that he does not possess some sort of magic at all. He was just an ordinary person like every one of us but with extra ordinary willpower to succeed. Manuel V. Pangilinan came from a humble family tree who shares the same determination to achieving their dreams with a tedious stride up to the ladder of success. Born in July 14, 1946, Pangilinan also known as MVP is the second son of Mr. Dominador Pangilinan who had proven that a simple messenger can indeed become a president of a bank. Yes, his father started as a messenger at Philippine National Bank but retired as the president of Traders Royal Bank. This though is not the first success story in the Pangilinan family for his grandfather was actually just a simple public teacher in Pampanga and Tarlac who became a superintendent of public schools and eventually became the secretary of education. Now I know you would be asking; how can you call that a humble beginning if he was actually a son of a bank president and a former education secretary? I did too, but it turns out that the Pangilinan family not only shares the same mind-set in achieving their ambitions, they too share what we call principle. They never used their power for their own advantage; instead they molded their sons to be strong enough not to be seduced by greed. Manny was a scholar during his elementary and secondary years at San Beda where he was given a daily allowance of 25 centavos for his snacks and bus fare. When he went to Ateneo de Manila University where he took up a Bachelor Degree in Economics his allowance improved to P10 per week, which already includes his budget for jeepney fares. Still too modest compared to most of his classmates who have their own drivers who would take them from their home to school and vice versa. This disadvantage did not deter him instead; it encouraged him to strive forth so he too may be able to experience the same comfort in the future. In 1965, before he graduated in college, he decided to take MBA in the U.S.. But his father could not afford it so he had to do something about it and with tough luck he won the national competition of a scholarship to the University of Pennsylvanias Wharton School offered by Procter & Gamble. After two years in Philadelphia, Manny came back to the Philippines hoping to get himself a managerial post from his benefactor but Procter & Gamble turned down his application. Determined to get a job, he grabbed the first opportunity that came his way and that was as an executive assistant to the president at Phinma with a monthly salary of P1,000.

Wanting to emphasize his independence, Manny left Phinma after six years and decided to work abroad. He got in to Bancom International, a Philippine investment bank based in Hong Kong where he learned a lot about international finance from his Chinese colleagues. Then, he was backed up on a joint project with American Express. He expected to be appointed as CEO of the new bank but to his disappointment he did not get it. For two years, his efforts have been a failure so he decided to return Manila. At the age of 30, he got into what we call a mid-life crisis, but he was able to pull himself together and went back to Hong Kong and continued on with AMEX. After four years, he was able to prove his point to himself when he got a phone call from his boss in London and offered him to move forward on his career in London which he politely turned down. In 1981, he founded the First Pacific in Hong Kong with the help of people he met while working in the region for some years that he was able to gain the trust of some who supported his idea on regional banking and trading business. They started with only six people in a small office, but after all the series of failures they were able to get good grip with the leash and maneuver their way to a total success. By 2006, First Pacific has a whopping $5 billion and employs 60,000 work forces all over the region. After 22 years of working abroad, Manny came back to the Philippines determined to enforce the badly needed changes in Philippine Long Distance Telephone Company (PLDT). After some unpopular decisions, he proved to all who did not believe in his move that they can indeed make the change. He also did the same with Piltel or Talk N Text. And from then on, every company which is attached to his name suddenly blooms as if they were touched with a magical hand. Ten Outstanding Young Men of the Philippines (TOYM) Award for International Finance in 1983, the Presidential Pamana ng Pilipino Award by the Office of the President of the Philippines in 1996, Best Chief Executive Officer in the Philippines by Institutional Investor in 2004, Chief Executive Officer of the Year (Philippines) by Biz News Asia in 2004, People of the Year by People Asia Magazine in 2004, Distinguished World Class Businessman Award by the Association of Makati Industries, Inc. in 2005, Management Man of the Year by the Management Association of the Philippines in 2005, and Order of Lakandula (Rank of a Komandante) by the Office of the President of the Philippines in 2006 are just some of the numerous prestigious awards received by MVP through the years. With everything I have gathered from Mr. Manuel V. Pangilinan, I realized that it was not all about luck, he is what he is now because of his persistence. Yes, Persistence is MVPs secret to success. And with that I can say that success is not exclusive for him, we too can achieve something if we would just set our mind on our goals.

Profile Mr. Manuel V. Pangilinan has been a director of PLDT since November 24, 1998. He was appointed as Chairman of the Board of PLDT after serving as its President and Chief Executive Officer, or CEO, from November 1998 to February 2004. He is the Chairman of the Governance and Nomination and Technology Strategy Committees of the Board of Directors of PLDT. He also serves as Chairman of Smart, PCEV, ePLDT, SPi, SPi CRM, MPIC, Landco Pacific Corporation, Maynilad Water Services, Inc., Philex Mining Corporation, Manila North Tollways Corporation, Medical Doctors, Inc. (Makati Medical Center), Colinas Verdes, Inc. (Cardinal Santos Medical Center), and Davao Doctors, Inc. He is also a director and the President and Chief Executive Officer of Meralco. Mr. Pangilinan founded First Pacific in 1981 and served as Managing Director until 1999. He was appointed as Executive Chairman until June 2003, when he was named as Chief Executive Officer and Managing Director. He also holds the position of President Commissioner of P.T. Indofood Sukses Makmur Tbk, the largest food company in Indonesia. Outside the First Pacific Group, Mr. Pangilinan is the Chairman of the Board of Trustees of San Beda College, PLDTSmart Foundation, Inc., the Hongkong Bayanihan Trust and the Philippine Business for Social Progress, the Vice Chairman of the Foundation for Crime Prevention, a private sector group organized to assist the government with crime prevention, and a member of the Board of Trustees of Caritas Manila and Radio Veritas-Global Broadcasting Systems, Inc. In February 2007, he was named the President of the Samahang Basketbol ng Pilipinas, a newly formed national sport association for basketball, and effective January 2009, he assumed the chairmanship of the Amateur Boxing Association of the Philippines, the governing body of amateur boxers in the country. Mr. Pangilinan has received numerous prestigious awards including the Ten Outstanding Young Men of the Philippines (TOYM) Award for International Finance (1983), the President Pamana ng Pilipino Award by the Office of the President of the Philippines (1996), Honorary Doctorate in Humanities by the San Beda College (2002), Best CEO in the Philippines by Institutional Investor (2004), CEO of the Year (Philippines) by Biz News Asia (2004), People of the Year by People Asia Magazine (2004), Distinguished World Class Businessman Award by the Association of Makati Industries, Inc. (2005), Management Man of the Year by the Management Association of the Philippines (2005), Order of Lakandula (Rank of a Komandante) by the Office of the President of the Philippines (2006), Honorary Doctorate in Humanities by the Xavier University (2007), and Global Filipino Executive of the Year (Asia CEO Awards 2010). He was also voted as Corporate Executive Officer of the Year (Philippines), Best Executive (Philippines) at the 2007 and 2008 Best-Managed Companies and Corporate Governance Polls conducted by Asiamoney. Mr. Pangilinan graduated cum laude from the Ateneo de Manila University, with a Bachelor of Arts Degree in Economics. He received his Master's Degree in Business Administration from Wharton School of Finance and Commerce at the University of Pennsylvania.

Board Members Memberships* Chief Executive Officer, Managing Director, Director and Member of Remuneration Committee First Pacific Company Ltd.

Chairman Smart Communications, Inc. Chairman, Chief Executive Officer of Meralco and President of Meralco Metro Pacific Investments Corp Former Director Negros Navigation Co., Inc. Chairman Maynilad Water Services, Inc. Chairman Metro Pacific Tollways Development Corporation Chairman, Chairman of Nomination Committee and Chairman of Compensation & Remuneration Committee Metro Pacific Tollways Corp. Director Asian Hospital, Inc. Chairman of the Board Medical Doctors Inc. Former Chairman SPi CRM, Inc. Chairman and Chief Executive Officer Philex Petroleum Corporation Chairman of The Board Riverside Medical Center Inc. Chairman SPi Global Holdings, Inc. 1998-Present

Chairman, Chairman of Governance & Nomination Committee, Chairman of Technology Strategy Committee, Chairman of Executive Compensation Committee, Chairman of Epldt Inc and Chairman of Smart Communications Inc Philippine Long Distance Telephone Company 2004-2011 Former Chairman of the Board PLDT Communications and Energy Ventures, Inc. 2008-Present Chairman, Chairman of Executive Committee and Chairman of Nominations Committee Philex Mining Corp. 2008-Present Chairman of the Board, Chairman of Nomination Committee and Chairman of Compensation & Remuneration Committee Metro Pacific Resources, Inc. 2009-Present Chairman and Chairman of Executive Committee Manila Electric Co. 2011-Present Chairman Digital Telecommunications Phils Inc. Education* MBA 1968 University of Pennsylvania - The Wharton School BA Ateneo de Manila University Honorary Doctorate 2007 Xavier University

Honorary Doctorate 2002 San Beda College, Manila Other Affiliations* Digital Telecommunications Phils Inc. Philippine Long Distance Telephone Company Smart Communications, Inc. Philex Mining Corp. Manila Electric Co. Metro Pacific Investments Corp PT Indofood Sukses Makmur Tbk PLDT Communications and Energy Ventures, Inc. Negros Navigation Co., Inc. University of Pennsylvania Xavier University University of Pennsylvania - The Wharton School Ateneo de Manila University Maynilad Water Services, Inc. Metro Pacific Tollways Development Corporation Metro Pacific Tollways Corp. Asian Hospital, Inc. Medical Doctors Inc. San Beda College, Manila SPi CRM, Inc. Philex Petroleum Corporation Riverside Medical Center Inc.

SPi Global Holdings, Inc. Metro Pacific Resources, Inc.

Mr. Jaime Augusto Zobel de Ayala, II Biography Jaime Augusto Zobel de Ayala (born 1959) is a Filipino businessman. He currently serves as chairman and chief executive officer of the Ayala Corporation. His brother, Fernando Zobel de Ayala, is president of the corporation, while his father, Jaime Zobel de Ayala, was president until 1994 and currently holds the title of chairman emeritus. In addition to his position in the Ayala Corporation, Mr. Zobel is chairman of the Board of Directors of Globe Telecom, Bank of the Philippine Islands, and Integrated Microelectronics Inc. (IMI); vice chairman of the Board of Directors and member of the Executive Committee of Ayala Land, Inc. (ALI); vice chairman of Manila Water Co.; and co-vice chairman and trustee of Ayala Foundation, Inc. He is also a member of various international and local business and socio-civic organizations including the J.P. Morgan International Council, Mitsubishi Corporation International Advisory Committee, Toshiba International Advisory Group, Harvard University Asia Center Advisory Committee, Board of Trustees of the Asian Institute of Management, National Council member of the World Wildlife Fund (US), and Chairman of World Wildlife Fund (Philippines). Honors include World Economic Forum Global Leader for Tomorrow in 1995; Emerging Markets CEO of the year in 1998 (sponsored by ING); Philippine TOYM (Ten Outstanding Young Men) Award in 1999 and Management Association of the Philippines Management Man of the Year Award in 2006. Most recently, Mr. Zobel was awarded the Presidential Medal of Merit on March 11, 2009 by Philippine President Gloria Macapagal Arroy o for enhancing the prestige and honor of the Republic of the Philippines both at home and abroad. On September 27, 2007, Ayala Corp. chair Jaime Augusto Zobel de Ayala was conferred the Harvard Business Schools highest honor, the Alumni Achievement Aw ard, by Dean Jay Light. The award was also given to: Donna Dubinsky, A. Malachi Mixon of Invacare, Sir Martin Sorrell of WPP Group and Hansjorg Wyss of Synthes. Zobel de Ayala received his MBA from HBS in 1987. Zobel de Ayala was cited for his innovative, entrepreneurial style of management (that) has benefited both Ayala and an island nation that faces significant social and economic challenges . He is the first Filipino to receive this prestigious award. Zobel holds a B.A. degree in economics (cum laude) from Harvard College (1981), and an MBA from the Harvard Graduate School of Business Administration (1987). He is married to Elizabeth (Lizzie) Eder Zobel, a descendant of Santiago Eder. The couple have four children.

Profile Mr. Jaime Augusto Zobel de Ayala, II has been the Chief Executive Officer and Chairman at Ayala Corporation since April 2006. Mr. Zobel de Ayala served as the President of Ayala Corporation. He has been the Chairman at Globe Telecom Inc. since 1997 and Bank of The Philippine Islands since March 25, 2004. He serves as the Chairman of BPI Capital Corporation, BPI Direct Savings Bank Inc. and BPI Family Savings Bank Inc. He has been Chairman of the Board at Integrated Microelectronics Inc. (IMI) since January 1, 1995. He serves as the Chairman of Ayala International Pte. Ltd., Alabang Commercial Corporation, Ayala Hotels, Inc., Ayala Life Assurance, Inc., Ayala Plans, Inc., FGU Insurance Corporation, Cebu Holdings Inc., AI North America and Azalea Technology Investments, Inc. Mr. Zobel de Ayala has been a Vice Chairman at Manila Water Company, inc. since March 27, 2007. He has been a Vice Chairman of Ayala Land, Inc. since June 1988. He serves as Co-Vice Chairman of Ayala Foundation, Inc.

and Mermac, Inc. He served as Co-Vice Chairman and Vice Chairman of Ayala Corporation. He served as Vice Chairman of Bank of The Philippine Islands from 1995 to March 2004. He has been a Director of Bank of The Philippine Islands since 1994 and Globe Telecom Inc. since 1989. He has been a Director of Integrated Microelectronics Inc. (IMI) since January 1, 1995; Manila Water Co. since May 15, 1997; Ayala Corp. since 1987 and Ayala Land, Inc., since 1988. He serves as a Director of BPI Capital Corporation, BPI Direct Savings Bank Inc. and BPI Family Savings Bank Inc. He serves as a Trustee of Ayala Foundation, Inc. He serves as a Director of the International Youth Foundation, Director of Universal Malayan Reinsurance Corporation and the World Wildlife Fund (U.S). He serves as Director of the International Youth Foundation and a national council member of the World Wildlife Fund (U.S). He served as a Trustee of The Conference Board, Inc. Mr. Zobel de Ayala is an active member of the following local professional organizations: Vice Chairman of the Asia Society Philippine Foundation, Inc. and Makati Business Club; Member of the Board of Trustees of Carlos P. Romulo Foundation for Peace and Development; Member of Advisory Board of the Center for Corporate Citizenship and Member of Business Sector Advisory Group on Corporate Governance, Philippine National Council of the Pacific Basin Economic Council, Philippine-British Business Council, Philippine-Singapore Business Council, Philippine-U.S. Business Council, World Wildlife Fund Philippine National Council and Public-Private Sector Task Force for the Development of Globally Competitive Philippine Service Industries. Mr. Zobel de Ayala is also affiliated with the following international organizations: Member of the President' Circle of The Asia Society, Member of the Asia Business Council, Harvard Business School Visiting Committee, Member of the Board of Directors of Asia Pacific Advisory Committee to the New York Stock Exchange, Inc.; Member of the Board of Trustees of Asian Institute of Management, JP Morgan International Council, Mitsubishi Corporation International Advisory Committee, Toshiba International Advisory Group and Harvard University Asia Center Advisory Committee. Zobel de Ayala was a member of the World Economic Forum Global Leaders for Tomorrow and was a TOYM (Ten Outstanding Young Men) Philippine Awardee in 1999. He was named Management Man of the Year in 2006 by the Management Association of the Philippines for his important role in the transformation of Ayala Corporation into a highly diversified forward-looking conglomerate. He was also awarded the prestigiousHarvard Business School Alumni Achievement Award in 2007. Mr. Zobel de Ayala graduated with B.A. in Economics (Cum Laude) at Harvard College in 1981 and took his MBA (with Distinction) at the Harvard Graduate School of Business Administration in 1987.
Board Members Memberships*

Trustee The Conference Board, Inc. 1987-Present Chairman, Chief Executive Officer, Chairman of Executive Committee and Member of Nomination Committee Ayala Corp. 1988-Present Vice Chairman, Member of Executive Committee and Member of Personnel & Compensation Committee Ayala Land, Inc. 1989-Present

Chairman and Chairman of Executive Committee Globe Telecom Inc. 1994-Present Chairman of The Board, Chairman of Executive Committee and Member of Nomination Committee Bank of the Philippine Islands 1995-Present Chairman and Chairman of Nomination Committee Integrated Microelectronics, Inc. 1997-Present Vice Chairman and Member of Nomination Committee Manila Water Company, Inc.
Education*

MBA 1987 Harvard Business School BA 1981 Harvard College

Other Affiliations*

Ayala Land, Inc. Ayala Corp. Bank of the Philippine Islands Harvard Business School Globe Telecom Inc. The Conference Board, Inc. Integrated Microelectronics, Inc. Harvard College Manila Water Company, Inc.

Aurelio Luis R. Montinola III

Profile
Mr. Aurelio R. Montinola, III serves as the President of BPI Foundation, Inc., BPI Express Remittance Corporation and Armon Realty. Mr. Montinola served as the Chief Executive Officer of Bank of the Philippine Islands since January 2004 until December 2012 and also its President since January 1, 2005 until December 2012. He served as Senior Executive Vice President ofBank of the Philippine Islands and its Senior Vice President from July 1985 to May 2004. He served as President of BPI Family Bank until May 2004. He served as the Chief Operating Officer at Bank of the Philippine Islands since May 2004. He served as President of Chamber of Thrift Banks, Harvard Business School Association of the Philippines and Alliance Francaise de Manille. He serves as Chairman of BPI Computer Systems Corporation, BPI Forex Corporation, BPI International Finance Limited, East Asia Educational Foundation, Inc., Shenton Realty Corporation, BPI Operations Management Corporation, BPI Express Remittance Corporation, Citytrust Realty Corporation, BPI Remittance Center, BPI Remittance UK Plc, BPI Express Remittance Center (Europe) SpA, Amon Trading Corporation, Derc, Inc., Monti-Rey, Inc., Desrey, Inc. and Seyrel Investment and Realty Corporation. Mr. Montinola has been Vice Chairman of the Board of Trustees of Far Eastern University, Inc. since June 1989. He has been a Vice Chairman of Lafarge Republic, Inc. since April 1993. He serves as Vice Chairman at BPI-Philam Life Assurance Corp. He serves as a Regional Vice-Chairman of MasterCard International. He served as Vice Chairman of Prudential Bank since September 1, 2005. He serves as a Director of BPI Family Savings Bank, Inc., BPI Direct Savings Bank, Inc., BPI/MS Insurance Corporation, Ayala Life Assurance, Inc., Universal Malayan Reinsurance Corporation and Armon Realty. He has been a Director of Ayala Land, Inc. since February 2005; Bank of The Philippine Islands since January 2004 and of Lafarge Republic, Inc. since April 1993. Mr. Montinola serves as a Director of Bankers Association of the Philippines and the Makati Business Club and Regional Director of MasterCard International. He serves as a Member of the Board of Trustees of Alliance Francaise de Manille. He has been a Trustee of Far Eastern University, Inc. since June 1989. He serves as Trustee of Far Eastern College-Silang, Inc. He served as a Director of Prudential Bank since September 1, 2005. He served as Director of Manila Water Company Inc. since May 30, 1997. He serves as Member of Management Committee at Ayala Corp. and Member of the Management Association of the Philippines. Mr. Montinola holds a BS Management Engineering from the Ateneo de Manila University in 1973 and an MBA from the Harvard Business School in 1977.
Board Members Memberships*

Former Vice-Chairman, Chairman of Personnel & Compensation Committee, Vice Chairman of Trust Committee, Member of Executive Committee, Member of Corporate Governance Committee, Member of Nomination Committee and Member of Risk Management Committee Prudential Bank Vice Chairman BPI-Philam Life Assurance Corporation Chairman of the Board of Directors BPI Computer Systems Corporation Trustee Far Eastern College-Silang, Inc.

1989-Present Vice Chairman of The Board of Trustees, Vice Chairman of Executive Committee and Member of Risk Management Committee The Far Eastern University, Incorporated 1993-Present Vice Chairman Lafarge Republic, Inc. 1997-N/A Former Director and Member of Audit & Governance Committee Manila Water Company, Inc. 2004-Present Director, Chairman of Bpi Computer Systems Corporation, Chairman of Credit Committee, Member of Executive Committee, Member of Retirement/Pension Committee, Member of Risk Management Committee and Member of Trust Committee Bank of the Philippine Islands 2005-Present Director Ayala Land, Inc.
Education*

MBA 1977 Harvard Business School BS 1973 Ateneo de Manila University

Other Affiliations*

Ayala Land, Inc. Bank of the Philippine Islands Harvard Business School Prudential Bank Lafarge Republic, Inc. Ateneo de Manila University

Manila Water Company, Inc. The Far Eastern University, Incorporated BPI-Philam Life Assurance Corporation BPI Computer Systems Corporation Far Eastern College-Silang, Inc.