COVER SHEET. (Company'sFullName) (Business Address: No. Street City / Town / Province) C FORM TYPE Month Day Annual Meeting

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1 COVER SHEET p w G L 0 B E T E L E C 0M I N C (Company'sFullName) 2 7 / F T H E G L 0 B E T 0 W E R 3 2 N D S T R E E T C 0 R N E R 7 T H A V E N U E B 0 NI F AC I O G L0 B A L C I T Y (Business Address: No. Street City / Town / Province) T A G U I G ALBERTO M. DE LARRAZABAL Month Day Fiscal Year Contact Person Company Telephone Number C FORM TYPE Month Day Annual Meeting Secondary License Type, if Applicable Dept. Requiring this Doc. Amended Articles Number/Section Total Amount of Borrowings _^ Total No. Of Stockholders Domestic Foreign To be accomplished by SEC Personnel concerned FileNumber LCU - Document D. Cashier! STAMPS Remarks = pis. Use black ink for scanning purposes

2 SECURITIES AND EXCHANGE COMMISSION SEC FORM 17-C CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATIONS CODE (SRC) AND SRC RULE 17(a)-1(b)(3) THEREUNDER May.2O14 Date of Report (Date of earliest event reported) PP0-768:48q-000 SEC Identification Number BIR Tax Identification Number 4-...GLOBE TELECOM, NC. Exact Name of registrant as specified in its charter 5...PHJLIPPJNES 6. 1 a-',/.-fr - ip\.(secysepnly^ Province, country or other jurisdiction of Industry Classification Code incorporation 7. 27/F, The Globe Tower, 32nd Street corner 7th Avenue, 1634 Bonifacio Gjobal City, Taguic) Address of principal office Postal code 8....( Registrant's telephone number, including area code 9. 5/F, Globe Telecom Plaza (Pioneer Highlands), Pioneer corner Madison Sts., Mandaluyoncj City Former name or former address, if changed since last report 10. Securities registered pursuant to Sections 4 and 8 of the SRC Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding (as of March 31, 2014) COMMON SHARES 132,676,628 TOTAL DEBTJin[Millionsof Pesos) Indicate the item numbers reported herein : P'.e.ase. refer to attached Re: 1Q 2014 FINANCIAL & OPERATING RESULTS Pursuant to the requirements of the Securities Regulations Code, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date : 12 May 2014 /" ^th5fck i u m. u\ ^AKKAz.At Chief Financial Officer

3 GLOBE ANNOUNCES 1Q 2014 RESULTS: 1Q 2014 PERFORMANCE SUSTAINED SOLID GROWTH MOMENTUM 1Q2014 REVENUES AT P23.2 BILLION, UP 9% YoY; EBITDA REMAINED STABLE AT P8.8 BILLION; CORE NET INCOME AT P3.4 BILLION, UP 9% YoY; MOBILE SUBSCRIBERS AT 40.7 MILLLION, UP 16% YoY BROADBAND SUBSCRIBERS AT 2.2 MILLLION, UP 26% YoY Globe Telecom, Inc. closed the first quarter of 2014 with consolidated service revenues of P23.2 billion, representing a 9% increase from P21.4 billion in the same period last year and relatively flat quarter-onquarter. The robust revenue performance was driven by the strong contributions across all business segments given the growth in both mobile and broadband customer bases, the sustained demand for data connectivity, and the introduction of the market-relevant promotions during the quarter. Mobile revenues improved by 8% to P18.5 billion from P17.1 billion in the same period last year, as the sustained growth in its postpaid segment was complemented by the solid performance from its prepaid brands. The Company s postpaid segment continued its strong contribution to the company s overall mobile business, with revenues reaching P7.0 billion, up 18% from P6.0 billion in the first quarter of last year. Driven by the continued expansion of the subscriber base, which was at almost 2.1 million subscribers at the end of March this year, the postpaid segment now contributes 38% of Globe s mobile revenues. On the prepaid front, notwithstanding the continued pervasiveness of multi-simming and pressure on yields brought about by the popularity of bucket and unlimited offers, Globe s prepaid brands delivered a solid 2% growth year-on-year. Driven in part by market-relevant promotions, such as the Free Facebook offer launched in November last year, gross acquisitions for both Globe Prepaid and TM reached record-highs with over 9.1 million new subscribers in the first quarter of 2014, up 25% year-onyear and 3% quarter-on-quarter. Total mobile subscriber base reached 40.7 million at the end of first quarter this year, up 16% from the 35.1 million a year ago. To complement the solid growth of its mobile business, Globe s broadband business likewise sustained its double-digit growths on both revenues (+12%) and customer base (+26%). With now close to 2.2 million broadband subscribers, Globe broadband revenues reached P2.8 billion in the first quarter of 2014, up from P2.5 billion in the same period last year. The growth in subscribers were registered on both our fixed DSL (+11%) and wireless broadband segments (+30%), driven by competitive and affordable data products launched during the quarter and the pervasiveness of the expanded and modernized wireless, fixed line and broadband networks. Globe s fixed line data segment recorded revenues of P1.3 billion in the first quarter of 2014, growing by 19% compared to the first quarter of last year. The fixed line data revenue s sustained year-on-year improvement can be attributed to the Company s focus on enhancing the products, services and datarelated solutions to meet the increasing demand on communications, connectivity and cloud services for our corporate clients. Likewise, the traditional fixed voice revenues rebounded this period, posting a year-on-year and quarter-on-quarter increase of 3%. 1

4 The Company recorded consolidated EBITDA of P8.8 billion in the first quarter of 2014, P20 million higher than the EBITDA reported in the same period last year. Subsidy and operating expenses grew 15% year-on-year to P14.4 billion from P12.6 billion last year, as Globe re-invested the gains it made in its revenues in acquiring and retaining high-quality subscribers and in the expansion of its data network. EBITDA margin for 2014 stood at 38%, against 41% of the same period in Globe s net income stood at P2.9 billion, higher by 350% from the net income reported in the same period last year. The significant growth in net income was driven by the slight improvement in EBITDA, slightly lower non-operating charges and the significant decrease in depreciation charges, as the bulk of the accelerated depreciation charges, which are related to assets to be replaced in Globe s network and IT modernization programs, have been incurred in Globe s core net income, which excludes the impact of these non-recurring accelerated depreciation charges, improved from P3.1 billion to P3.4 billion in the first quarter of the year. Ernest L. Cu, President and CEO of Globe Telecom, Inc., commented We are pleased with our performance in the first quarter, as top-line growth momentum was sustained. We have also seen encouraging improvements in mobile browsing, in terms of activity and users as a result of the successful Free Facebook promotion, and we hope to see continuous a growth in mobile internet adoption among our customers moving forward. Mr. Cu added, Given these results, we remain confident in sustaining the growth throughout the year as Globe moves closer to the completion of our network and IT transformation programs. Looking ahead, Globe will continue with our commitment in providing more exciting promotions and innovative offers in order to create a wonderful world for our most valued customers and shareholders. As of March 2014, the change-out of legacy network was fully completed. Globe s key focus will remain on building more sites and 3G/HSPA+ expansion, which are both now over 90% in completion, boosting capacity and enhancing network performance and optimization. To date, Globe had a total of 22,813 base stations, with over 8,400 for 4G 1, to support the service requirements of its subscribers. Globe started 2014 with a series of campaigns dubbed Globe: Creating a Wonderful World which highlights Globe s commitment to create a wonderful world for people, business and the nation by introducing great new services and programs designed to bring its subscribers closer to wonderful. The Postpaid segment continues to leverage on its leadership position during the quarter with the introduction of various best bundles and promo offer such as The Perfect Pair - ipad mini Wi-Fi 16GB + iphone 4s 8GB bundle for only P1,799 per month. Also, subscribers can now experience the next-level gaming on their mobile phone wherein they can play Xbox games with better graphics and game play with the new Nokia Lumia 1320 LTE with Xbox live at Plan1299. Watching Free TV while on the go is another wonderful way to enjoy the new Plan599 with Free CloudFone Excite 451TV plus unlimited calls and text to Globe/TM. Likewise, Huawei Ascend G526 LTE was made available at Plan499. Globe Postpaid also launched during the quarter the GoSurf data plans (GoSurf 99 for 100MB; GoSurf299 for 700MB; GoSurf499 for 1.5GB; GoSurf 799 for 3GB and GoSurf 999 for 5GB) + Free access to Spotify music streaming. Meanwhile the much awaited Samsung Galaxy S5 was recently launched for as low as P1,699 per month (Plan999 + P700/mo. cashout for 24 months payable at 0% installment at participating 1 Includes HSPA+, WiMax and LTE 2

5 credit cards) with Free 5GB mobile internet + LTE, FREE calls and text to ALL Networks, Free 1 month gadget care, Free Globe Apps and Free six (6) months subscription to Spotify Premium. Moreover, the Free Facebook promotion ended last April 30, The collaboration with Facebook brought together first-of-its-kind customer experience innovations such as availability in all Facebook mobile platforms, advice of charge notifications, one-click to purchase data plans and data access lending to access links outside Facebook. Globe Prepaid on the other hand, further intensified its customizable service offerings with the launch of the new GoUnli25 via the GO SAKTO mobile app (available via Apple App Store or Google Play) or by dialing *143#. The new GoUnli25 now offers unlimited texts and calls to Globe/TM, unlimited Facebook, plus a choice of one FREE app (from the following: Twitter, Instagram, Google, Yahoo, Viber, Foursquare) still at P25/day. TM, likewise, introduced a new affordable and cheap promo offer with UNLICALL15 giving its subscribers with Unlimited call to all Globe and TM subscribers for as low as P15 valid for 1 day and also the new UNLIALLNET10 which provides its subscribers with unlimited texts to all networks for P10 a day. For the Broadband business, Globe continued its commitment to offer broadband differentiated and value priced products. The widest range of Tattoo Prepaid mobile Wi-Fi devices was made available during the period including 4G mobile Wi-Fi with speed up to 12mbps, which connects up to 10 devices for only P1,995; 4G mobile Wi-Fi + Powerbank which fully charges the phone up to 3x for only P3,795 and LTE mobile Wi-Fi with speed up to 42mbps, which connects up to 10 devices + Powerbank which full charge the phone for only P4,995. Tattoo Postpaid likewise introduced the best value tablet bundle with no upfront cash out Samsung Galaxy Tab 3 + Free mobile Wi-Fi for P899 per month and Postpaid Tattoo Plan with free LTE stick (Plan999) or LTE Mobile WiFi (Plan1299). Meanwhile, Tattoo Home Broadband banners its Plan1599 internet service + landline bundle, now with speed up to 5mbps. In the international front, Globe recently announced the partnership with Ingenium Outsourcing Services, S.L.U to be able to launch soon the Local Spain SIM card, which will be the 8th country where Globe would have an international retail presence. Globe Duo International was further expanded to include Japan with the launch of Duo Japan during the period, which allows calls from Japan to the Philippines, via a Japanese number assigned to a Globe or TM mobile number, to be charged on local rates. GCash, Globe s mobile payment and remittance service, may now be used at Puregold to pay for groceries, bills and for cash remittances. Also, Globe Charge Mobile Card Reader was likewise introduced to the market last March 27, 2014 which turns the subscriber s smartphone into a credit card terminal. Lastly, Globe BanKO launched BanKO Interoperability (Phase 1) which allows all BanKO customers to make Cash-in and Cash-out transactions in almost all GCash outlets nationwide. 3

6 1Q 2014 FINANCIAL SUMMARY In Million Pesos Globe Group Quarter on Quarter Year on Year 1Q 4Q QoQ 31 Mar 31 Mar YoY (%) (%) Service Revenues 23,230 23,243-23,230 21,368 9% Mobile 18,456 18,691-1% 18,456 17,124 8% Broadband 2,790 2,663 5% 2,790 2,486 12% Fixed line Data 1,319 1,242 6% 1,319 1,111 19% Fixed line Voice % % Operating Expenses and Subsidy 14,434 15,022-4% 14,434 12,592 15% EBITDA 8,796 8,221 7% 8,796 8,776 - EBITDA Margin 38% 35% 38% 41% Depreciation 4,068 5,607-27% 4,068 7,407-45% Affected by network modernization % 512 3,062-83% Others 3,556 4,874-27% 3,556 4,345-18% Net Income After Tax (NIAT) 2,949 1, % 2, % Core Net Income 3,357 2,091 61% 3,357 3,086 9% Globe Group's consolidated service revenues for the first quarter improved by 9% to P23.2 billion from P21.4 billion last year. Revenue growth remained broad-based with the continued strong performance from all business segments. Mobile revenues grew by 8% from the same period last year due to sustained growth of Globe Postpaid and TM, which improved by 18% and 9%, respectively, and was supported by the strong overall subscriber growth. Total mobile subscribers reached 40.7 million as of end-march 2014, up 16% year-on-year. Globe s broadband and fixed line data segments remained robust, with year-on-year increases of 12% and 19% respectively, due to expanded customer bases and the sustained demand for data connectivity, while fixed line voice improved by 3% from same period last year. On a sequential basis, consolidated service revenues declined by P13 million against the record-high revenues reported in the fourth quarter of last year, despite the growth in broadband, fixed line voice and fixed line data revenues partially mitigating the 1% decline in the mobile segment. Operating expenses and subsidy increased 15% year-on-year from P12.6 billion to P14.4 billion, as Globe re-invested its revenue gains in its subscribers, through subsidy and re-contracting expenses, and its expanded network, through increases in network costs. Subsidy and re-contracting costs were higher by 8% and 23%, respectively, with more new and existing subscribers signing up for mid-to high-end plans vis-à-vis last year. To further support the growing subscriber base, Globe likewise incurred higher trade provisions, advertising and promotions, staff-related expenses and services charges in the first quarter of Mitigating these increases in costs, depreciation charges declined year-on-year, on account of lower accelerated depreciation charges in the first quarter of 2014 as the bulk of such accelerated depreciation charges were incurred in Interconnect costs were also 4

7 lower against last year. Total cost and expenses, including depreciation for the first quarter of 2014 declined by 7% year-on-year from P20.0 billion to P18.5 billion. On a sequential basis, cost and expenses including depreciation, decreased by 10% quarter-on-quarter, from P20.6 billion in the fourth quarter of Consolidated EBITDA for the first three months of the year stood at P8.8 billion, up by P20.0 million against the same period last year, as the top line growth coupled by lower interconnection fees slightly outpaced the increases operating expenses and subsidy. EBITDA margin declined from 41% in the first period of 2013 to 38% in the first quarter of the year. On a quarterly basis, consolidated EBITDA improved by P575 million or 7%, driven by costs improvements quarter-on-quarter and resulting in EBITDA margin improvement from 35% in the fourth quarter of the year. Total depreciation expenses dropped year-on-year and quarter-on-quarter by 45% and 27%, respectively as bulk of the accelerated depreciation charges related to network and IT transformation projects was already incurred in Non-operating charges declined year-on-year and quarter-on-quarter by 16% and 31%, respectively, driven by lower net foreign exchange and mark-to-market losses coupled with lower interest expenses recognized during the period. The Company ended the three-month period with consolidated net income after tax of P2.9 billion, 350% higher against the P656 million reported net income in the first quarter of This was driven by slightly higher EBITDA, lower depreciation charges, and less foreign exchange and markto-market losses and softer interest expenses recognized during the period. Excluding the nonrecurring accelerated depreciation expenses and foreign exchange and mark-to-market gains and losses, core net income after tax reached P3.4 billion as of end March of 2014, representing a 9% increase from than the same period last year. On a sequential basis, net income after tax likewise improved by 106% from P1.4 billion last quarter due mainly to lower depreciation charges. Core net income after tax, likewise increased by 61% from last quarter's P2.1 billion. As of March 2014, total cash capital expenditures stood at about P4.7 billion, 32% lower than last year's level of P6.9 billion. Globe continues to embark on its network and IT modernization programs, building more sites to adapt to the changing landscape in the country s key business districts, boosting capacity and enhancing the overall network performance. To date, over 90% of the network is already on 4G HSPA+ providing faster mobile browsing experience for Globe s subscribers. To support the requirements of its subscribers for 2G, 3G and 4G services, Globe has a total of 22,813 base stations, including over 8,400 4G base stations. 5

8 Mobile Business In Million Pesos Service Revenues * Quarter on Quarter Year on Year 1Q 4Q QoQ 31 Mar 31 Mar YoY (%) (%) Voice 8,658 8,377 3% 8,658 7,670 13% SMS 7,008 7,387-5% 7,008 6,961 1% Mobile Browsing & Other Data 2,790 2,927-5% 2,790 2,493 12% Mobile Service Revenues 18,456 18,691-1% 18,456 17,124 8% Mobile revenues, which accounted for 79% of consolidated service revenues as of end-march, increased to P18.5 billion, up by 8% from last year s level of P17.1 billion due to higher revenue contributions from mobile data and domestic voice. This was likewise complemented by the continued subscriber growth across all brands. Mobile voice revenues, which accounted for 47% of total mobile service revenues, grew by 13% compared to the same period last year the increase in unlimited and bulk domestic voice subscriptions coupled by lower payout for inter-network traffic. Against the fourth quarter however, mobile voice registered a 3% growth. Mobile SMS which accounted for 38% of total mobile service revenues, closed the first quarter at P7 billion, slightly higher by 1% from same period last year. However, on a sequential basis, mobile SMS revenues declined by 5%, coming off from highs in the seasonal fourth quarter of last year. Mobile browsing & other data revenues which accounted for 15% of total mobile service revenues stood at P2.8 billion for the first quarter, up 12% from P2.5 billion in March 2013, driven by the continuous demand for data, coupled by the increased pervasiveness of Globe s 3G, HSPA+ and LTE networks. On a sequential basis, mobile browsing & other data revenues declined by 5%, given the full quarter impact of the Free Facebook promo launched last November However, the Free Facebook campaign showed promising result as it helped seed the habit of internet access on our wireless data networks, with registered mobile data services doubling during the promo period. 6

9 Key Drivers for the Mobile Business Cumulative Subscribers (or SIMs) Net End of Period Quarter on Quarter 1Q 4Q QoQ 31 Mar 31 Mar YoY Year on Year (% ) (% ) 40,749,094 38,475,130 6% 40,749,094 35,141,918 16% Globe Postpaid 1 2,088,413 2,025,538 3% 2,088,413 1,857,342 12% Prepaid 38,660,681 36,449,592 6% 38,660,681 33,284,576 16% Globe Prepaid 18,699,346 17,836,441 5% 18,699,346 16,946,327 10% TM 19,961,335 18,613,151 7% 19,961,335 16,338,249 22% Ave. Revenue Per Subscriber (ARPU) 2 Globe Postpaid 1,140 1,178-3% 1,140 1,105 3% Prepaid Globe Prepaid % % TM % % S ubscriber Acquisition Cost (SAC) Globe Postpaid 9,074 7,607 19% 9,074 7,972 14% Prepaid Globe Prepaid % % TM % % Ave. Monthly Churn Rate (%) Globe Postpaid 2.2% 2.2% 2.2% 1.6% Prepaid Globe Prepaid 5.4% 5.7% 5.4% 5.1% TM 6.5% 7.0% 6.5% 5.6% 1 As of 1Q 2014, Globe had a total of 2.50 million wireless postpaid subscribers which include 2.09 million mobile telephony and 0.41 million wireless broadband customers. This is higher compared to the 2.42 million wireless postpaid subscribers as of 4Q Mobile telephony revenues are reflected under Mobile Service Revenues while wireless broadband revenues are included under Broadband. 2 ARPU is computed by dividing recurring gross service revenues (gross of interconnect expenses) segment by the average number of the segment s subscribers and then dividing the quotient by the number of months in the period. Globe ended the first quarter with a total mobile subscriber base of 40.7 million, up 16% from 35.1 million subscribers versus same period last year. First quarter s gross subscriber acquisitions once again registered a record-high of 9.1 million subscribers, 3% higher than the strong fourth quarter additions. This was mainly contributed by the record acquisitions of the Company s mass market brand (TM) as well as increased postpaid subscriptions. The Free Facebook campaign helped drive subscriber uptake particularly on the prepaid side of the business. Despite the elevated blended churn rate as of end-march of 2014 of 5.77% from 5.14% of same period last year, full year net incremental subscribers leapt to 2,273,964, 12% higher than 2013 level of 2,022,883 net additions. 7

10 Globe remained to be the leader in the postpaid segment with the continued growth in acquisitions as of first quarter of 2014 registering over 2.0 million subscribers from 1.9 million in the same period last year. The continued success of the fully-customizable and best-in-class postpaid plans together with the exclusive device offers and innovative deals helped boost gross additions to reach 199,691 as end of first quarter. Year-to-date net incremental postpaid subscribers stood at 62,875, 49% lower than 2013 level of 122,874. Globe Prepaid gross acquisitions slightly improved in the first quarter versus the preceding quarter s record highs, bringing gross additions to 3.8 million or 25% higher than same period last year s level of 3.1 million. First quarter s net incremental subscribers also improved by 70% to 862,905 from 506,185 in 2013, despite the elevated churn rates of 5.45% this period from 5.12% in same period last year. TM on the other hand, generated the highest gross acquisitions during the quarter, 5,087,842 new SIMs or 6% better than previous quarter level of 4,818,252. The extension of the Free Facebook promo boosted this quarter s acquisition coupled by TM s continued aggressive acquisition efforts. Due to the increased churn rate as of end March 2014, net incremental subscribers declined by 3% from about 1.4 million in 2013 to only 1.3 million this period. First quarter 2014 blended ARPU declined by 6% to only P156 from P167 of 2013 due to the combined effects of higher multi-sim usage, continued pressures on yields caused by the shift to value-based bucket and unlimited offers. Globe Postpaid ARPU of P1,140 was above than last year s P1,105 as a result of a higher mix of mid to high-end MSF plans. Globe Prepaid ARPU declined by 9% year-on-year resulting from the revenue dilution from unlimited and bucket service offerings. TM ARPU was down by 10% year-on-year with the continued shift from regular pay-as-you-use service to unlimited and value offers. Globe Postpaid subscriber acquisition cost (SAC) significantly increased year-on-year by 14% from last year s P7,972 to P9,074 as of first quarter 2014 and 19% higher than last quarter. Globe Postpaid SAC remained recoverable within the 24-month contract period. Globe Prepaid SAC increased by 15% versus same period last year due to higher ads and promo, but declined by 18% compared to last quarter due to lower marketing spend on ads during the period. TM SAC, however, declined from same period a year ago and from last quarter by 29% and 57%, respectively due to increased ads and promo. Globe Prepaid and TM SAC remained recoverable within a month s ARPU. 8

11 Fixed Line and Broadband Business In Million Pesos Service Revenues Quarter on Quarter Year on Year 1Q 4Q QoQ 31 Mar 31 Mar YoY (%) (%) Broadband 2,790 2,663 5% 2,790 2,486 12% Fixed Line Data 1,319 1,242 6% 1,319 1,111 19% Fixed Line Voice % % Fixed Line & Broadband Service Revenues 4,774 4,552 5% 4,774 4,244 12% Globe Tattoo Broadband keeps positive momentum going with 12% growth in revenues for the first three months from P4.2 billion to P4.8 billion as a result of the 26% growth in its subscriber base. Strong growth in the broadband business resulted from aggressive acquisitions campaigns, attractive pricing offers and product bundles. Quarter-on-quarter, revenues likewise grew by 5% from P4.6 billion last quarter. Tattoo Broadband s sustained growth was mainly due to the improved ARPUs across all product segments and higher subscriber base for both Tattoo-At-Home and Tattoo-On-The-Go, rising to 2,190,378 subscribers from 2,031,902 last quarter. Cumulative Broadband Subscribers 1 Includes fixed wireless and fully mobile broadband subscribers Quarter on Quarter 1Q 4Q QoQ 31 Mar 31 Mar YoY Year on Year (% ) (% ) Wireless 1 1,798,378 1,653,647 9% 1,798,378 1,388,649 30% Wired 392, ,255 4% 392, ,302 11% Total (end of period) 2,190,378 2,031,902 8% 2,190,378 1,740,951 26% The fixed line data segment continued its revenue growth with P1.3 billion, 19% higher year-on-year while compared to previous quarter, the increase was 6%. The sustained growth of fixed line data was a product of the Company s continued dedication to expand its portfolio focusing on Globe s corporate clients increasing demand for solutions to address its critical business needs such as sales and marketing, intercompany communications, database management and data storage. Likewise, the expansion of the local IT Enabled Service (ITES) industry, which includes call centers and Business Process Outsourcing (BPO) companies has also helped drive the growth of the corporate data business. Total fixed line voice revenues improved year-on-year due to higher ARPU by 19%. Meanwhile the quarterly increase was due mainly to increase in subscriber base. 9

12 For questions, please contact: Tek O. Olaño Financial Planning and Analysis Jose Mari S. Fajardo Investor Relations (632)