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