Delfin L. Lazaro

Non-Executive Director

Mr. Lazaro, Filipino, 78, has served as Director since January 1997. His other significant positions include: Director and Chairman of the Board of ACEN; Chairman of Atlas Fertilizer & Chemicals Inc.; Chairman and President of A.C.S.T. Business Holdings, Inc.; Vice Chairman and President of Asiacom Philippines, Inc.; Chairman and President of AYC Holdings, Ltd., Directors of: AC International Finance, Ltd., AC Energy Infrastructure Corporation. Director and Treasurer of Purefoods International Limited. Director and Treasurer of Probe Productions, Inc. He is an Independent Adviser to the Board of Directors of Ayala Land, Inc. Mr. Lazaro is also a member of the BPI Advisory Council.

SKILLS AND EXPERIENCE

He earned his Bachelor of Science in Metallurgical Engineering from the University of the Philippines in 1967 and his Masters of Business Administration (with distinction) from the Harvard Graduate School of Business in 1971.

DIRECTORSHIP IN OTHER PUBLICLY LISTED COMPANIES

Mr. Lazaro also holds directorship in Ayala Corporation, which is listed on the Philippine Stock Exchange.