Amended Annual Report for the year ended 31 December 2011 (17-A)

There were eighteen (18) common shareholders of record as of March 31, 2012. Common
shares amounted to 617,725,800* as of March 31, 2012.
* Inclusive of 14,873,000 common shares purchased by the Company under its stock buy-back
program.
The top twenty (20) common shareholders as of March 31, 2012, the number of shares held
and the percentage of total shares held by each are as follows:
Name Citizenship Total Shares
Percentage
(%)
1 PCD Nominee Corporation - Filipino Filipino * 240,773,588 38.9774
2 Star Equities Inc. Filipino 174,260,047 28.2099
3 Surewell Equities, Inc. Filipino 134,248,290 21.7327
4 JTKC Equities, Inc. Filipino 47,771,295 7.7334
5 JPSA Global Services Co. Filipino 18,700,000 3.0272
6 PCD Nominee Corporation – Non-Filipino Foreign 1,855,370 0.3004
7 Alba, Willy S. Filipino 88,000 0.0142
8 Lim, Nieves Q. &/or Charis Honeylet Q. Lim Filipino 10,000 0.0016
9 GTS Insurance Brokers Inc. Filipino 5,500 0.0009
10 Cruz, Napoleon D. Sr. and/or Luisa I. Cruz Filipino 3,300 0.0005
11 Soriano, Victor Martin J. Filipino 2,200 0.0004
12 Ona, Edgardo V. Filipino 2,200 0.0004
13 Simon, Dwight David M. and/or Corrine Jewel R. Simon Filipino 2,200 0.0002
14 Olayres, Norberto F. and/or Olayres, Felisa J. Filipino 1,100 0.0002
15 Hapi Iloilo Corporation Filipino 1,100 0.0002
16 M. J. Soriano Trading, inc. Filipino 1,100 0.0002
17 Au, Owen Nathaniel S. ITF: Li Marcus Au Filipino 400 0.0001
18 Gaw, Gilbert C. Filipino 110 0.0000
Total ** 617,725,800 100.0000
(3) Dividends
* Inclusive of 68,839,952 lodged common shares held by JTKC Equities, Inc., thus, its total
shareholdings is 116,611,247 representing 18.8775% ownership.
** Inclusive of 14,873,000 common shares purchased by the Company under its stock buy-back
program.
The Company’s Board of Directors is authorized to declare dividends. Pursuant to Sections 43
and 143 of the Corporation Code of the Philippines, Section 5 of the Securities Regulation
Code, and SEC Memorandum Circular No. 11, Series of 2008 (Guidelines on the
Determination of Retained Earnings Available for Dividend Declaration), dividends may be
declared and paid out of the unrestricted retained earnings which shall be payable in cash,
property, or stock to all stockholders on the basis of outstanding stock held by them, as often
and at such time as the Board of Directors may determine and in accordance with law and
applicable rules and regulations. Cash and property dividend declarations do not require any
further approval from the Company’s shareholders. Any stock dividend declaration requires
the approval of shareholders holding at least two-thirds of the Company’s total outstanding
capital stock.
Pursuant to existing Philippine regulations, cash dividends declared by the Company must
have a record date of not less than ten (10) days or more than thirty (30) days from the date
the cash dividends are declared.
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