Requesting Permission to Submit Monthly Monitoring Report only when 2013 Exercise Period Commences

March 21, 2013SEC-MRD * OPINIONThe Philippine Stock Exchange, Inc.Philippine Stock Exchange PlazaAyala Triangle, Ayala Avenue, Makati CityFax No.: 891-9004 Attention: Mr. Hans B. SicatPresident & CEOGentlemen :This refers to your letters dated 4 and 5 March 2013 submitting the necessary documents for the listing of Six Hundred Three (603) ESPP shares and requesting permission from the Commission to submit the monthly monitoring report only when the 2013 exercise period commences. EaIDATAs mentioned in your letter dated 7 February 2013, the said 603 ESPP shares remaining from the 2012 Offer Period were availed and fully paid for by qualified employees.Accordingly, you are hereby directed to list the said 603 PSE common shares in the PSE Trading Board, pursuant to the Order dated 21 March 2013 hereto attached. Moreover, you are ordered to cause the posting in your online disclosure system the actual date of listing for the information of the stockholders and the investing public.Furthermore, we hereby grant your request to submit the monthly monitoring report only when the 2013 exercise period commences. Very truly yours, ...