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. 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 19 May 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. (1985 to present); Director of Anscor Property Holdings, Inc. (1998 to present), A. Soriano Air Corporation (2003 to present) and Anscor-Casto Travel Corporation (1983 to present); Chairman of Phelps Dodge International Philippines (1983 to present), Phelps Dodge Philippine Energy Products Corporation (1997 to present), Seven Seas Resorts and Leisure, Inc. (1998 to present) and Cirrus Medical Staffing, Inc. (2007 to present); Director of International Container Terminal Services, Inc. (ICTSI) (1992 to present), ICTSI, Ltd. (2001 to present); International Container Terminal Holdings, Inc. (1999 to present), Manila Peninsula Hotel, Inc. (1986 to present). Mr. Soriano was formerly President and Chief Operating Officer of San Miguel Corporation and was subsequently Chairman and Chief Executive Officer of San Miguel Corporation. He was Chairman of Coca-Cola (Philippines), Coca-Cola Amatil (Australia) and Nestle (Philippines). He was a Director of SPI Technologies and eTelecare Global Solutions, Inc. until 2006. He was also a Member of the G.E. Asian Advisory and the Wharton East Asia Executive Board. He holds a Bachelor of Science 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 21 May 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 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); Trustee of Andres Soriano Foundation, Inc. (1985 to present); Graduate of Bachelor of Science Degree in Economics, Major in History, University of Pennsylvania, (1977).

     ERNEST K. CUYEGKENG, Filipino, Director of the Company since 22 April 2009; Executive Vice President and Chief Financial Officer of the Company (1990 to present); President and Director of Anscor Property Holdings, Inc. (1990 to present), Phelps Dodge Philippines Energy Products Corporation (1999 to present), A. Soriano Air Corporation (2003 to present), and International Quality Manpower Services, Inc. (2004 to present); Director of Pamalican Island Holdings, Inc. (1995 to present), KSA Realty Corporation (2001 to present) and T-O Insurance (2008 to present); Trustee of Andres Soriano Foundation, Inc. (1990 to present); Member of the Management Association of Philippines, Makati Business Club and Financial Executive Institute of the Philippines (FINEX); Graduate of De La Salle University, B.A. Economics and B.S. Business Administration, (1968); Masters Degree in Business Administration, Columbia Graduate School of Business, New York, (1970).

     JOHN L. GOKONGWEI, JR., Filipino, Director of the Company since 21 May 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), 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); 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 13 April 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 Corporation; Vice Chairman of Trans Asia Power Generation Corporation (1996 to present); Chairman of Trans Asia Oil & Energy Development Corporation (April 2008 to present); Director of Manila Cordage Corporation (1986 to present), Seven Seas Resorts & Leisure, Inc., First Philippine Holdings Corporation (November 1996 to present) and Philex Mining Corporation (December 2009 to present); Trustee of Andres Soriano Foundation, Inc. (2009 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 Chairman 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), A. Soriano Air Corporation (1988 to present), AFC Agribusiness Corporation (1989 to present), Atlas Consolidated Mining & Development Corporation (1989 to present), Minuet Realty Corporation (1995 to present), Phelps Dodge Philippines Energy Products Corporation (1997 to present), NewCo, Inc. (1997 to present) and Capital Mediaworks, Inc. (2003 to present); President of Seven Seas Resorts & Leisure, Inc. (2008 to present); Member, Finance Committee of Ateneo de Manila University (1997 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).

     ROBERTO R. ROMULO, Filipino, an independent Director of the Company since 13 April 1998; Chairman of CHARTIS Philippines Inc. (formerly AIU Philippines Inc.), ABAC (APEC Business Advisory Council) Philippines, Carlos P. Romulo Foundation for Peace and Development, Foundation for Information Technology Education and Development (FIT-ED), MediLink Network, Philippine Foundation for Global Concerns, Inc. (PFGC), Zuellig Family Foundation, Romulo Asia Pacific Advisory, Inc. and Asia-Europe Foundation of the Philippines; Member of the Board of Counselors, McLarty Associates (formerly Kissinger McLarty Associates); Advisory Board Member of Philippine Long Distance Telephone Co. (PLDT); Board Member of Aboitiz Equity Ventures, Inc., Singapore Land Limited, United Industrial Corporation Limited (Singapore) and MIH Holdings Limited (British Virgin Islands). 25-year career at IBM Corporation holding CEO positions in the Philippines, Thailand, Burma and Bangladesh; Graduate of Georgetown University, (A.B.) and Ateneo de Manila University (LLB). Former Ambassador to Belgium, Luxembourg and the European Commission and Secretary of Foreign Affairs.

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