HISTORY AND BACKGROUND

Anscor was established by the late Colonel Andres Soriano in 1930 as a holding company for diversified investments in the Philippines. The Sorianos are one of the old established families in the Philippines with a long history in business. Initially, the Company concentrated on natural resources and basic industries investing in Atlas Consolidated Mining and Development Corporation, Phelps Dodge Phils. and Atlas Fertilizer Corporation. During the late 1970s and early 1980s, the Company entered into its second phase of development, investing in the financial service sector through Provident Insurance Corporation, AB Capital and Investment Corporation, and AsianBank. Subsequently, as Philippine trade increased with growth in the level of exports and imports, Anscor diversified into container ports services (ICTSI) and tourism (Amanpulo Resort) in the early 1990s.

Anscor divested its investments in the mining, fertilizer manufacturing and financial services sectors as management anticipated unfavorable results in continuing with these businesses.

In the late 1990s, investment focus was on the export of services through SPI Technologies, Inc., E-Telecare International, Inc., and International Quality Manpower Services, Inc. Together with other partners, Anscor ventured into information technology through Multi-media Telephony, Inc.(Broadband Phils).

Currently, Anscor apportioned part of its assets to a liquid portfolio of marketable securities that offer acceptable risk return profiles. Similarly, its portfolio includes investments in offshore and local corporate and sovereign bonds denominated in US dollars and Euros.

In May 2006, The Group's holdings in ICTSI shares were sold to Razon Group.  Also, in July 2006, Anscor's subsidiary sold all its shareholdings in SPI Technologies, Inc.

     ANDRES SORIANO III, American, Director of the Company since May 19, 1982; Chairman and Chief Executive Officer of the Company (1983 to present); Chairman and President of Anscor Consolidated Corporation (1987 to present); Chairman of Andres Soriano Foundation, Inc., Anscor Land, Inc. (1998 to present), Phelps Dodge Philippines (1983 to present), Phelps Dodge Philippine Energy Products Corp. (1997 to present), Seven Seas Resorts and Leisure, Inc. (1998 to present); Director of ICTSI, Ltd. (2002 to present),  International Container Terminal Services, Inc. (ICTSI) (1988 to present), Anscor-Casto Travel Corporation (1983 to present), Anscor Property Holdings, Inc. (1998 to present), ICTHI (1999 to present), The Peninsula Manila (1986 to present), A. Soriano Air Corporation (2003 to present); Member, Board of Advisors of ATR Holdings, Inc.; Member of the American, Europe and Spanish Chambers of Commerce and the Philippine Business for Social Progress (PBSP), in which he once held the Chairmanship of the Board of Trustees; Mr. Soriano used to be Chairman and CEO of San Miguel Corporation, Chairman of Coca Cola (Philippines) and Nestle’ (Philippines) and was a Director of AB Capital and Investment Corporation; Graduate of Bachelor’s Degree in Economics, Major in Finance and International Business, Wharton School of Finance and Commerce, University of Pennsylvania, (1972).

     EDUARDO J. SORIANO, Filipino, Director of the Company since May 21, 1980; Vice Chairman-Treasurer of the Company (1990 to present); Chairman of International Quality Manpower Services, Inc. (2004 to present), A. Soriano Air Corporation (2003 to present), Anscor Insurance Brokers, Inc. (1997 to present), Anscor Property Holdings, Inc. (1985 to present); Director of Phelps Dodge Philippines Energy Products Corporation (1997 to present); Chairman & President of NewCo Inc. (1997 to present); Vice Chairman of Anscor Land, Inc. (1997 to present); President of Seven Seas Resorts and Leisure, Inc. (1998 to February 2008); Graduate of Bachelor of Science Degree in Economics, Major in History, University of Pennsylvania, (1977).

     JOHN GOKONGWEI, JR., Filipino, Director of the Company since May  21, 1980; Director and Chairman Emeritus of JG Summit Holdings, Inc. (2002 to present); Chairman and CEO of JG Summit Holdings, Inc. (1990 to 2001); Director of Robinsons Land Corporation (1980 to present), JG Summit Petrochemical Corporation (1994 to present), Litton Mills, Inc. (1978 to present), Universal Robina Sugar Milling Corporation (1987 to present), Southern Negros Development Corporation (1982 to present), Robinsons, Inc. (1987 to present), Gokongwei Brothers Foundation, Inc. (1992 to present), and Philex Mining Corporation (1983 to present); Graduate of De La Salle University, Masters Degree in Business Administration, (1977). Advance Management Program, Harvard University, (1972-1973).

     OSCAR J. HILADO, Filipino, an independent Director of the Company since April 13, 1998; Chairman & CEO of Philippine Investment Management (PHINMA), Inc. (January 1994 to August 2005) and as Chairman (August 2005 to present); Chairman of Holcim Phils., Inc., Chairman of the Board and Chairman of the Executive Committee of Bacnotan Consolidated Industries, Inc.; Chairman of the Board of Phinma Property Holdings Corp.; Vice Chairman of Trans Asia Power Generation Corp. (1996 to present), Trans Asia Oil & Energy Development Corp.; Chairman of the Executive Committee of AB Capital & Investment Corporation; Director of Manila Cordage Corp. (1986 to present); Seven Seas Resorts & Leisure, Inc. and First Philippine Holdings Corporation (1996 to present); Graduate of De La Salle College (Bacolod), Bachelor of Science in Commerce, (1958) Masters Degree in Business Administration, Harvard Graduate School of Business, (1962). Mr. Hilado also serves as a member of the Audit Committee of the Company.

     JOSE C. IBAZETA, Filipino, Director of the Company from 1981 to 1998, 2004 to present; President and CEO of Power Sector Asset & Liabilities Management Corporation (2007 to present); Director of International Container Terminal Services, Inc.(1987 to present), Anscor Consolidated Corporation (1980 to present), Anscor Property Holdings, Inc.(1982 to present), Anscor-Casto Travel Corporation (1984 to present), Anscor Insurance Brokers, Inc. (1986 to present), A. Soriano Air Corporation (1988 to present), AFC Agribusiness Corporation (1989 to present), Atlas Consolidated Mining and Development Corporation (1989 to present), Minuet Realty Corporation (1995 to present), Anscor Land Inc. (1997 to present), Phelps Dodge Philippines Energy Products Corp. (1997 to present), Newco, Inc. (1997 to present), and Capital Mediaworks, Inc. (2003 to present); Member, Finance Committee of Ateneo de Manila University (1987 to present); Board of Trustees of Radio Veritas (1991 to present); Graduate of Bachelor of Science in Economics, Ateneo de Manila University, (1963). Masters Degree in Business Administration, University of San Francisco, (1968).

     RAYMUNDO G. PE, Filipino, an independent Director of the Company since April 16, 1997; Director of Penta Capital Investment Corporation (1993 to present); Graduate of Bachelor of Science in Mechanical Engineering, (1953) and Graduate Studies, University of the Philippines, (1967).

     ROBERTO R. ROMULO, Filipino, an independent Director of the Company since April 13, 1998; Chairman of Philam Insurance, Inc. (1998 to present), ABAC (APEC Business Advisory Council) Philippines, Carlos P. Romulo Foundation for Peace and Development, CIBI Information, Inc., Equicom Systems Managament (ESM), Foundation for Information Technology Education and Development (FIT-ED), MediLink Network, Philippine Foundation for Global Concerns, Inc. (PFGC), Romulo Asia Pacific Advisory, Inc. (formerly Romulo and Navarro, Inc.) (1995 to present), and Asia-Europe Foundation of the Philippines; Member of the Board of Councelors, McLarty Associates; Executive Director of International Board of Advisors of President Arroyo; Advisory Member of Philippine Long Distance Telephone Co. (PLDT); Board Member of Aboitiz Equity Ventures, Inc. (2000 to present), Singapore Land Limited (2001 to present), United Industrial Corporation Limited (Singapore) (2001 to present), and MIH Holdings Limited (British Virgin Islands) (2001 to present). Had a 25-year career at IBM Corporation, holding CEO positions in the Philippines, Thailand, Burma and Bangladesh; Graduate of AB Political Science Degree, Georgetown University, (1960), and Ateneo de Manila University, Bachelor of Laws Degree, (1964).

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