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SBS Philippines CorporationSBS

PSE Disclosure Form 4-29 - Disbursement of Proceeds and Progress Report References: Memorandum No. 626 - 2007 dated December 20, 2007
Section 4.4 of the Revised Disclosure Rules

• Annual Report
• Quarterly Report
• OthersReallocation and Change in Use of IPO Proceeds

Subject of the Disclosure
Changes in the Use of Net Proceeds from Initial Public Offering
Background/Description of the Disclosure
Variation in, and extension of the time frame for, the utilization of the remaining unutilized balance of the IPO proceeds.
Other Relevant Information
Please refer to attached letter to the PSE showing details of the change in the use of the remaining balance of the IPO Proceeds