24 September 2009

FOR : ALL PARTICIPATING RURAL BANKS

FROM : Tomas S. Gomez IV

SUBJECT : CIRCULAR LETTER: CREDIT INVESTIGATION &
BASIC PROPERTY APPRAISAL SEMINAR

Dear Fellow Rural Bankers:

The Rural Bankers Association of the Philippines (RBAP), through the Rural
Bankers’ Research and Development Foundation, Inc. (RBRDFI) is pleased to
announce that it will conduct the seminar-workshop described below as part
of its continuing strategy to strengthen the rural banking industry:

Course Title : Credit Investigation & Basic Property Appraisal Seminar
Venue : RBAP Conference Room, RBAP Bldg., A. Soriano Ave., cor.
Arzobispo St., Intramuros, Manila
Schedule : 28-30 October 2009 (Wednesday to Friday)
Duration : 3 days (8:30AM-5:30PM)

In this connection, we would like to enjoin rural banks, to send their
Appraisers, Credit Investigators, Loan Officers & Managers to attend the
seminar. Registration fee per participant is Four Thousand Eight Hundred
Pesos only (P4, 800.00). Early bird registrants (those who will be
able to pay the full amount on or before October 16, 2009) are entitled to
a 5% discount from the registration fee or will only pay PhP4, 560.00.

For your reservations, kindly submit to us not later than October 23, 2009
the following:

1. A non-refundable commitment fee of P2,400.00 per participant (50% of
the registration fee). Payments can be remitted to the Rural Bankers
Research and Development Foundation, Inc. bank account (Land Bank of the
Philippines – Intramuros Branch Savings Account Number 0012-1046-26).
Proof of payment (i.e., deposit slip) should be sent immediately to RBAP
via facsimile for verification. Our facsimile number is (02) 527-2980. For
check payments, check should be payable to Rural Bankers Research and
Development Foundation, Inc.;

2. Nomination form of the participant(s) duly endorsed by the bank’s
authority;

3. Filled-up Participant’s Profile.

Only those rural banks that have complete requirements will be given
reservation. Please be advised that we will be accepting up to thirty (30)
participants only. We reserve the right to limit the number of
participants to a manageable level. Participants will be accepted on a
first-come first-served basis.

Participants who have paid but fail to show up for the seminar will only
be entitled to a rebate of 50% of the total registration fee.

Thank you very much.