September 14, 2005

12 September 2005 Dear Fellow Rural Bankers: The Bangko Sentral ng Pilipinas is inviting participants for the acution sale of various units at Landco Corporate Centre, Bajada, Davao City. The auction sale will be done at the Bangko Sentral ng Pilipinas (BSP) in Manila on 28 September 2005 at 10:00 AM.

MEMORANDUM TO : ALL MEMBER BANKS FROM : GEN. WILLIAM K. HOTCHKISS III AFP (Ret.) SUBJECT : BSP ISSUANCES AND UPDATES DATE : September 14, 2005