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19 May 2008

HONGKONG AND SHANGHAI


BANKING CORPORATION
HSBC Global Banking
Enterprise Center, Tower1
6766 Ayala Avenue corner
Paseo de Roxas
Makati City 1200

Attention: Ms. Liza Lim


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Re: Conversion of TITF Account to Current/Savings Account


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Gentlemen:

As the incumbent Treasurer-in-Trust for Parexdavco (Philippines), Inc., (the


“Corporation”) to which Hongkong and Shanghai Banking Corporation (HSBC) has
opened Treasurer in Trust Account No. PH HSBC 000-630921 under the
name GERODIAS TITF PAREXDAVCO, I respectfully request for the conversion of the
said account into a savings/current account in the name of the Corporation.

Regards,

RAUL G. GERODIAS
Treasurer-in-Trust
Parexdavco Philippines, Inc.

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