BOARD OF DIRECTORS & OFFICERS
                                    For the Year 2015-2016

           DIRECTORS

           Salvador P. Malbarosa (deceased)
           Teodoro O. Arcenas      
           Celia O. Angeles
           Delfin F. Espiritu, Jr.
           Nestor L. Opulencia
           Ramon S. Sarmiento
           Malcolm Lambert
           Lelita A. Guzman
           Inocencia F. Malbarosa

           OFFICERS

           Delfin F. Espiritu, Jr.               Chairman
           Inocencia F. Malbarosa            Vice Chairman
           Nestor L. Opulencia                 President
           Celia O. Angeles                     Corporate Secretary
           Flora N. Faigones                    Personnel Manager,
                                                        Asst. Corporate Secretary
                                                        & Admin. Manager
           A. Q. Ancheta & Partners         Legal Counsels
           J. P. Tolentino & Co.                External Auditors