Dear Father: This has reference to our intention to offer our insurance services to the members of UST University

y of Sto. Tomas, and to give you some inputs about our operation and existing business portfolio, including several deals with big private and government entities. Fortune Life marked its entry into the life insurance industry on December 08, 1984 with an authorized capital of P100M and a paid-up of P40M, and it is now one of the biggest Filipino owned insurance firms. To date, it has an organized branch network of 35 provincial branches and 11 major agencies in Metro Manila supported by 168 Head Office and Branch personnel. As the flagship of the ALC Group of Companies, Fortune Life pursues a leading position in the industry with an efficient marketing force offering a wide range of products to individual, group and corporate accounts, including Government Owned and Controlled Corporations (GOCC). One of the biggest government accounts is the Department of Education Culture and Sports (DECS) where more than 120,000 school teachers are covered by the company. As of December 2006, the monthly collection from DECS alone covering Life and Health Insurance package has reached to over P25M and still rapidly increasing. Other accounts under the salary deduction program include PNP, DOTC, Bureau of Fire and Protection, DAR, NIA & BJMP, to mention a few. The Company, likewise, insures 57,971 personnel of the Armed Forces of the Philippines (all branches), thru Air Materiel Wing Savings and Loan Association, Inc. (AMWSLAI) and Composite Wing Savings & Loan Association, Inc. (CWSLAI). Fortune life has also the opportunity to serve among otherr, Bureau of Fire Protection Mutual Benefit Association and Bureau of Jail Management and Penology Mutual Benefit Association, Inc. As an active member of different organizations of the industry, Fortune Life executive officers hold positions in the Executive Committees of the Insurance Pools, the Philippine Life Insurance Association, Inc., the Actuarial Society of the Philippines, the Home Office Life Underwriters Association of the Philippines and the Philippine Society of Insurance Medicine. The ALC Group of Companies, of which Fortune Life is a member, is a conglomerate engaged in various businesses such as life and general insurance, health care, bank, financing, real estate, pre-need services, security agencies, motor vehicle sales and services, publishing, print and broadcasting media, cinema and commercial complexes. Among Fortune Lifes affiliated companies are as follows: FORTUNE GENERAL INSURANCE CORP. (Formerly Fortune Guarantee Insurance Corp.). was organized and licensed by the Insurance Commission in 1955. Its Head Office is situated in the Citystate Center Bldg., 709 Shaw Blvd., Pasig City. It provides a broad spectrum of services that effectively meet its clienteles wide range of non-life insurance requirements and reinsurance facilities. It continually gives a more client-oriented service through its network of centrally located branches nationwide.

FORTUNE MEDICARE, INC., also known as Fortune Care, was founded in 1985. Its main clinic and office are housed at Citystate Center Bldg., 709 Shaw Blvd., Pasig City. Its corporate mission is to make comprehensive health care services available, accessible, and affordable to all Filipino workers and their families. It has a network of over 1,000 medical and dental specialists and is accredited with about 200 of the best-equipped tertiary hospitals and medical centers all over the country.

CITYSTATE SAVINGS BANK, INC. is a billion-peso thrift bank set up by the partnership of Filipino, Singaporean and Malaysian businessmen was inaugurated last August 22, 1997 at its head office at Citystate Center Bldg., 709 Shaw Blvd., Pasig City. CSBI has its chairman our very own Founder Emeritus, Col. Antonio Cabangon Chua. Col. Chuas foreign partners include Mr. Leow Siak Fah, a Singaporean insurance man and Mr. Kong Sik Hung, a Malaysian banker. FORTUNE CAPITAL RESOURCES was incorporated on March 17, 1987. It is a financing company that extends appliance and salary loans to qualified ALCGC employees under a no-downpayment scheme and easy payback feature, available in 12, 18 and 24 months terms of payment. Its home office is housed at the 3rh Floor of Dominga III Building, Pasong Tamo cor. Dela Rosa Sts., Makati City. ETERNAL GARDENS MEMORIAL PARK CORP. is a pre-need program that provides our dearly departed a place to immortalize their memories and affords spiritual fulfillment and physical comfort of the living. The company boasts of five (5) memorial parks situated in Caloocan, Bian, Dagupan, Lipa and Batanagas cities. ETERNAL PLANS, INC. is composed of Eternal Education Plan, Eternal Life Plan, Eternal Pension Plan and its operations were integrated in March 1991 to maximize its business and to induce peak performance in the sales organization. The Securities and Exchange Commission has approved its application for merger on February 20, 1996. Its corporate office is now housed at the Dominga Building III, 2113 Pasong Tamo cor. Dela Rosa St., Makati City. BROWN MADONNA PRESS, INC. is located at Sun Valley Drive Km. 15 South Superhiway, Paraaque, Metro Manila. Among the services it offers include offset of lithography, packaging, letterpress, photographic printing, desktop publishing, diecutting, graphic designs and other art illustrations. Nature of its business includes: Publishing business in all its branches, both as principal and agent printers; publishes newspapers, journals, magazines, books and other literary works and undertakings. ASIAN SECURITY AND INVESTIGATION AGENCY, INC, and DARMOURED SECURITY & INVESTIGATION AGENCY, INC. were registered with the Securities and Exchange Commission on June 25, 1968 and November 20, 1991, respectively. These corporations provide all aspects of security and investigative services to its clients. The former is housed at the Dominga III Building while the latters office is located at the basement of Fortune Life Building. DWIZ is the broadcasting media of the ALC Group of Companies. Its birth was marked on May 12,1991, during its first airing. It was inaugurated on June 16, 1991. It is acknowledged as the countrys premiere AM radio station with the biggest names of broadcasters in the industry and a veteran management staff. Also, it has a powerful nationwide network of 25,000 Accredited Public Service Volunteers. AAA SOUTHEAST EQUITIES, INC. (formerly ROCA Securities, Inc.), a member of the Philippine Stock Exchange, was established in 1989 with a firm commitment to the growth of the capital market. The change of name from ROCA Securities to AAA Southeast Equities was effected in 1993. It is geared towards advancement, efficient service and sound investment for its fast growing clientele. Securities trading, Investment Research, Investment Counseling, Portfolio Management and Margin Financing are among the services it offers.

PHILIPPINE GRAPHIC AND MIRROR MAGAZINES are two of our groups weekly publications. It is where you can read in-depth, comprehensive and authoritative articles on politics, business, industry, economics, arts, culture, literature, humor, sports, travel, people, science, education, show business, fashion, style, international and local affairs. Its offices are both housed at Dominga III Building along Pasong Tamo Street, Makati City.

With the required competence of the employees of Fortune Life, coupled with its vast experience in handling government agencies and big group accounts, UST University of Sto. Tomas, can be assured of a better service in their insurance needs. Thank you.

BOARD OF DIRECTORS AMB.ANTONIO L. CABANGON CHUA D. ALFRED A. CABANGON D. ARNOLD A. CABANGON J. ANTONIO A. CABANGON, JR. J. WILFRED A. CABANGON DR. ROBERTO B. ABAT EVELYN T. CARADA JUAN P. DAYANG COL. BENJAMIN C. ENRILE LORETTA C. GALANG GEN. THOMAS P. MANLONGAT JUDGE PEDRO T. SANTIAGO DR. RAMON L. SIN ROWENA MAY R. SULLANO

Chairman Emeritus & Founder Chairman Vice Chairman & President Treasurer Director Director Director Director Director Director Director Director Director Director

GERARDO M. TERUEL BENJAMIN V. RAMOS AMBROCIA G. CANCIO OPERATING OFFICERS AMB. ANTONIO L. CABANGON CHUA D. ARNOLD A. CABANGON EVELYN T. CARADA AMBROCIA G. CANCIO OSCAR S.REYES ROLANDO C. RAMOS RAYGRACIANO O. ABUEL EMMA M. ABAD CYRUS J. MARQUEZ VIRGILIO S. AQUINO JOSE RICARDO Z.CORNISTA NONARDO A. BAARES MA. CIELO B. PASTRANA CARISA ANGELA C. DE MESA PILAR C. LIM ANACLETO S. NEPOMUCENO, JR. REYNALDO F. PARIS JOSEPH BRIAN A. SERVANDO SILVINO P. FELIX, JR. JOEL M. GUGOL NAZARIO A. MACALINTAL, JR. BENJAMIN V. RAMOS ALEXIS S. OCO MARCIAL Z. DIZON GLENN RICHARD R. BAUTISTA SAMUEL N. TALAID SEVERINE S. MONTEALGRE MA. MYRNA U. ORETA TERESITA V. ROMANO REY AGERICO H. ZURBITO GERALDINE B. BUSIA ARNOLD ARMANDO A. ABAD, JR. CENEN M. VILLELA CARLOS FREDERIC S. LAGO VIOLETA T. SANGALANG INES H. JABINES SAM N. TALAID LUZMINDA F. GARCIA MA. CECILIA U. MANAGUIT

Director Corporate Secretary Assistant Corporate Secretary Chief Executive Officer President EVP & General Manager
SVP-Finance Division Compliance Officer for Corporate Governance

SVP Marketing & Sales First VP-Agency Sales VP Executive Management Dept under the Office of the President VP Finance Division VP-Visayas/Mondanao Sales VP Group Marketing & Sales VP- Marketing & Support Services AVP-Executive Assistant to the SVP for Marketing & Sales cum OIC AVP-Treasury AVP Personnel & Administration AVP Customer Service Division AVP-Actuarial Division AVP- New Business Division AVP- NCR and South Luzon Sales AVP-North & Central Luzon Sales AVP-Management Information Systems Medical Director Tax Compliance Officer Legal Officer Regional Sales Manager for North and Central Luzon Sales Regional Sales Manager for NCR1 and South Luzon Sales Regional Sales Manager Mindanao Sales Customer Service Manager New Business/Policy Issue Manager Group Customer Service Manager Administrator Manager Accounting Manager Claims Manager Investment Manager Group Marketing & Sales Manager Executive Secretary Licensing Manager RSM Mindanao Sales Executive Secretary Treasury Assistant Manager

BRANCH OFFICES MAIN OFFICE 162 Fortune Life Building, Legazpi St., Legazpi Village, 1229 Makati City, Philippines MARKETING & SALES HEAD OFFICE 6/F Citystate Centre, 709 Shaw Boulevard, Pasig City 1603 SOUTHERN LUZON Calapan, Mindoro Dasmarias, Cavite

G.M.A., Cavite Legazpi Lipa City, Batangas Los Baos, Laguna Lucena City, Quezon Naga City Sta. Rosa, Laguna NORTHERN & CENTRAL LUZON Baguio, Benguet Balanga, Bataan Cabanatuan City, Nueva Ecija Dagupan City, Pangasinan Santiago City, Isabela San Fernando City, La Union Meycauayan, Bulacan Olongapo City, Zambales San Fernando City, Pampanga Tarlac City, Tarlac Tuguegarao, Cagayan VISAYAS Bacolod City, Negros Occidental Cebu City Roxas City, Capiz Iloilo City Tacloban City, Leyte Tagbilaran, Bohol MINDANAO Butuan City, Agusan del Norte Cagayan de Oro City, Misamis Oriental General Santos City, South Cotabato Davao City, Davao del Sur Dipolog City, Zamboanga Iligan City, Lanao del Norte Pagadian City, Zamboanga del Sur Zamboanga City Valencia City, Bukidnon