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SBS Philippines CorporationSBS

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	Ricardo Nicanor N. Jacinto
Relationship of Reporting Person to Issuer	Chairman of the Board

Description of the Disclosure
Statement of changes in beneficial ownership of securities of Mr. Ricardo Nicanor N. Jacinto, Chairman of the Board of SBS Philippines Corporation. Please see attached SEC Form 23-B.