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C H A I R M A N P B E C   P H I L I P P I N E S Ambassador Rizalino S. Navarro Chairman & Chief Executive Officer of House of Investments Inc.

AMBASSADOR RIZALINO S. NAVARRO PERSONAL DATA Born December 30, 1938 Married to Salud B. Navarro, with three daughters and four grandchildren (quadruplets) EDUCATIONAL BACKGROUND BBA (Cum Laude), University of the East MBS, Harvard Business School Certified Public Accountant WORK EXPERIENCE July 2001 to Present Chairman (non-executive) of the Board of Rizal Commercial Banking Corporation, a universal bank in joint venture with Sanwa Bank of Japan March 2001 to Present Chairman (non executive) of the Board of Clark Development Corporation which manages the Clark Special Economic Zone. September 1997 to Present Chairman­Chief Executive officer of House of Investments, Inc. (HI), an investment holding company with subsidiaries engaged mainly in consumer finance, education, and construction­related businesses many of which are joint ventures with multinational companies. Chairman­Chief Executive officer of EEi Corporation, the biggest industrial construction company in the Philippines with projects here and abroad in collaboration with prestigious U.S., European, Australian, and Japanese construction companies. Other Current Positions Include Chairman, Philippine Fuji Xerox Corporation Chairman, Mapua Information Technology Center Director, Great Pacific Life Insurance Corporation Director, Pacific Plans, Inc. Director, Malayan Insurance Company Director, iPeople, Inc. Director, Seafront Resources Corporation Director, Manila Memorial park, Inc. Director, La Funeraria Paz, Inc. January­April 2001 Designated Special Envoy (Ambassador Rank) by president Gloria Macapagal-Arroyo for Australia, Cambodia, Laos, Myanmar, New Zealand, Singapore, Thailand and Vietnam. Prior to September 1997 Member of President F.V. Ramos' Cabinet as Secretary of Trade and Industry (1992-1996). Concurrently held ex officio positions as: Chairman, board of Investments Chairman, Export Development Council Chairman, National Development Company Chairman, Garments and Textile Export Board Chairman, Export Processing Zone Authority Chairman, Center for International Trade Expositions and Missions Member of Monetary Board of the Bangko Sentral ng Pilipinas (1992-1997) Presidential Adviser on APEC (1996-1998) Chairman­Managing Partner of SGV & Co. (1982-1992) Member of the Board of Partners of the Arthur Andersen Worldwide Organization (1986-1992) PRESENT MEMBERSHIPS IN PROFESSIONAL, BUSINESS, ACADEMIC, AND CIVIC ORGANIZATIONS Pacific Basin Economic Council - Philippine Committee (Chairman, 1998-present) RP - US Business Council (Chairman, July 1999-present) Asia - Europe Foundation (Co-Chairman, 1998-present) Pacific Economic Cooperation Council - Philippine Chapter (Vice-Chairman, 1998-present) Ramos Peace and Development Foundation (Chairman, EXCOM, 1999-present) Asian Institute of management (Governor, 1999-present) AY Foundation (Trustee, 1998-present) Yuchengco Center for East Asia (Trustee, 1998-present) SGV Foundation (Trustee, 1999-present) Foundation for Rural Electrification for Economic Development (Trustee, 1999-present) Management Association of the Philippines (President, 1985) Bishops-Businessmen's Conference (Trustee, 1998-1999) Harvard Business School Association of the Philippines (President, 1981) Makati Business Club Financial Executive Institute - Philippines Chapter Philippines Institute of Certified Public Accountants PAST MEMBERSHIPS IN PROFESSIONAL, BUSINESS, ACADEMIC AND CIVIC ORGANIZATIONS Philippine Chamber of Commerce and Industry (Vice President, 1985) Canada - ASEAN Centre (Trustee, 1991) Buy Philippine-Made Products Movement (Treasurer 1987-1991) Young President's Organization - Philippine Chapter (Chairman, 1985) Philippine Futuristic Society (President, 1985-1990) Philippine Business for Social Progress (Chairman, 1985-1986) Save the Children Foundation (Chairman, 1987) Kapanpangan Development Foundation (President, 1988-1990) Pampanga Agro-Industrial Development Foundation (President, 1990-1991) Operation Smile Philippines Foundation, Inc. (Trustee, 1991) H.E.R.O Foundation (Trustee, 1990-1991) Maryknoll College Foundation (Board Adviser, 1985-1990) Philippine Ballet Theater (Vice-Chairman, 1990-1991) Benigno S. Aquino Foundation (Scholarship Committee) American Chamber of Commerce of the Philippines Productivity Improvement Circles Association of the Philippines, Inc. Educational Research & Development Assistance Foundation, Inc. Mr. Pinatubo Economic & Development Foundation Rotary Club of Makati RECOGNITIONS/AWARDS Presidential Award - Order of Sikatuna (Rank of Datu) Management Man of the Year Award by the Management Association of the Philippines Outstanding Professional in the field of Accountancy Award by the Professional Regulation Commission The 1996 Nation's Best Award in Management by Bankard Philippines Most Outstanding Kapampangan on Management Award by the Provincial Government of Pampanga Most Outstanding Alumnus of the University of the East and of Holy Angel Academy ADDITIONAL INFORMATION TO CURRICULUM VITAE Grew up in Angeles City, Pampanga. Finished high school at Holy Angel Academy (now Holy Angel University) Worked with City of Manila as traffic counter (e.g., counting vehicles or human traffic at busy intersections) during the day and studied accounting at night. By special permission of the Department of Education, Culture, and Sports, permitted to take full-load subjects allowing graduation after three and a half years. Garnered second highest grade among 3,000-plus candidates during the government-supervised Certified Public Accountant examination in 1959. Took MBA studies at Harvard Business School under scholarship by the school and its Philippine alumni. Headed Asia's largest public accounting and management consulting firm, SGV & Co., as Chairman-Managing Partner for ten years (1982-1992). Became Member of the board of Partners (1986-1992) of Arthur Andersen World Organization when SGV became a member firm. Member of the Cabinet economic team of President Ramos in 1992-1986 which instituted numerous reforms that turned around the Philippine economy. Accompanied the President in all foreign trip to promote the Philippines. Spearheaded trade and investment liberalization and facilitation initiatives under ASEAN, APEC, and WTO. Participated in setting monetary policies as member of the Monetary Board of the Central bank of the Philippines (renamed Bangko Sentral ng Pilipinas) for five years (1992-1997) Very active in professional, business/industry civic, and educational organizations involved in livelihood, skills training, entrepreneurship, micro-credit, countryside development, researches, and scholarships projects. Married to Sally Navarro. Lucky to have three daughters and quadruplets grandchildren. Wife and Daughters are operating five home decor shops, a business venture started by Mrs. Navarro more than 20 years ago. Enjoy golf, reading and traveling

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Last Modified: 1 May 2002