ALCANTARA GROUP

INTERIM VISION-MISSION STATEMENT

2 August 2004

OUR VISION

To lead as a builder and provider of industrial, agricultural, and other economic infrastructure in the Philippines, the Asia Pacific, and other emerging economies.

OUR MISSION

Bound by our Vision, we shall contribute to socio-economic development:

• By generating electric power to run industries and make life better in homes and offices;
• By transforming land to create modern industrial, housing and leisure communities;
• By producing construction materials and distributing products to help build structures and drive commerce; and
• By engaging in aquaculture and agribusiness to help ensure food availability for all.

OUR THREE-YEAR GOAL

Our three-year goal is to reinforce our eminent position as a dynamic and profitable Group.

• We shall make the most of what we own and reduce what we owe to achieve sound financial health with increased sales, savings and enhanced liquidity.
• We will reengineer the Group, driven by renewed energy, to focus on profitable operations and explore and venture into new business opportunities.

PRINCIPLES WE SHARE

Guided by the will of God, we share the following principles that govern all our actions:

• Excellence in everything we do;
• Respect for every individual;
• Integrity and honesty.

OUR COMMITMENTS

We live by the following commitments:

• As shareholders, commit the necessary resources;
• As managers, provide leadership, direction and the opportunity for every employee to attain self-realization;
• As employees, devote productive time and effort;

…to achieve the business goals of the Group.

Likewise, as shareholders, managers and employees, we are bound by the following commitments to the rest of our stakeholders:

• To our customers, product excellence and quality service;
• To our host communities, shared efforts in sustainable development;
• To our suppliers and strategic allies, openness, support and reliability;
• To our investors, value and long-term stability; and
• To our country, continuing partnership in nation-building.