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National Reinsurance Corporation of the PhilippinesNRCP

PSE Disclosure Form 17-7 - Statement of Changes in Beneficial
Ownership of Securities References: SRC Rule 23 and
Section 17.5 of the Revised Disclosure Rules

Name of Reporting Person	Government Service Insurance System (GSIS)
Relationship of Reporting Person to Issuer	Shareholder

Description of the Disclosure
Statement of Changes in Beneficial Ownership of Securities. Refer to attached disclosure.