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<SEC-DOCUMENT>0000950153-09-000264.txt : 20090407
<SEC-HEADER>0000950153-09-000264.hdr.sgml : 20090407
<ACCEPTANCE-DATETIME>20090407171357
ACCESSION NUMBER:		0000950153-09-000264
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20090407
FILED AS OF DATE:		20090407
DATE AS OF CHANGE:		20090407

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			eTelecare Global Solutions, Inc.
		CENTRAL INDEX KEY:			0001377902
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		IRS NUMBER:				980467478
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33362
		FILM NUMBER:		09738210

	BUSINESS ADDRESS:	
		STREET 1:		31ST FLOOR CYBERONE BUILDING
		STREET 2:		EASTWOOD CITY, CYBERPARK BAGUMBAYAN
		CITY:			QUEZON CITY METRO MANILA
		STATE:			R6
		ZIP:			1110
		BUSINESS PHONE:		6329165670

	MAIL ADDRESS:	
		STREET 1:		31ST FLOOR CYBERONE BUILDING
		STREET 2:		EASTWOOD CITY, CYBERPARK BAGUMBAYAN
		CITY:			QUEZON CITY METRO MANILA
		STATE:			R6
		ZIP:			1110
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>p14696e6vk.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
<TITLE>e6vk</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>Form&nbsp;6-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 <BR>UNDER THE<BR>
SECURITIES EXCHANGE ACT OF 1934</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><B>For the month of April&nbsp;2009<BR>
Commission File Number 001-33362</B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>eTelecare Global Solutions, Inc.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Translation of registrant&#146;s name into English)</DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt">31st Floor CyberOne Building, Eastwood City, Cyberpark,<BR>
Libis, Quezon City 1110<BR>
Philippines<BR>
(Address of principal executive office)
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark whether the registrant files or will file annual reports under cover of
Form 20-F or Form 40-F.
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Form&nbsp;20-F&nbsp;<FONT face="Wingdings">&#254;</FONT>&nbsp;Form&nbsp;40-F&nbsp;<FONT face="Wingdings">&#111;</FONT>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation&nbsp;S-T
Rule&nbsp;101(b)(1):&nbsp;&nbsp;<FONT face="Wingdings">&#111;</FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation&nbsp;S-T Rule&nbsp;101(b)(7):&nbsp;&nbsp;<FONT face="Wingdings">&#111;</FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark whether the registrant by furnishing the information contained in this
Form is also thereby furnishing the information to the Commission pursuant to Rule&nbsp;12g3-2(b) under
the Securities Exchange Act of 1934.
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Yes&nbsp;<FONT face="Wingdings">&#111;</FONT>&nbsp;No&nbsp;<FONT face="Wingdings">&#254;</FONT>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If &#147;Yes&#148; is marked, indicate below the file number assigned to the registrant in connection
with Rule&nbsp;12g3-2(b): 82-<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>.
</DIV>

<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">








<DIV align="center" style="font-size: 10pt; margin-top: 18pt">ETELECARE GLOBAL SOLUTIONS, INC.<BR>
Form&nbsp;6-K<BR>
TABLE OF CONTENTS
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Page</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Signature</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">3</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Exhibit&nbsp;99.1 &#151; Definitive Information Statement on Form&nbsp;20-IS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">4</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Exhibit&nbsp;99.2 &#151; Questions and Answers Concerning American Depositary Shares</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Other Events</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On April&nbsp;6, 2009, eTelecare Global Solutions, Inc. (the &#147;Company&#148;) filed the Company&#146;s Definitive
Information Statement on Form 20-IS (the &#147;Definitive Information Statement&#148;) with the Philippine
Securities and Exchange Commission, a copy of which is attached to this Report of Foreign Private
Issuer on Form 6-K as Exhibit&nbsp;99.1.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On April&nbsp;7, 2009, the Company distributed information to holders of American Depositary Shares
(&#147;ADSs&#148;) intended to provide the holders of ADSs additional information in connection with the
shareholder meeting described in the Definitive Information Statement and the pending termination
of the Deposit Agreement, a copy of this information is attached to this Report of Foreign Private
Issuer on Form 6-K as Exhibit&nbsp;99.2. A copy of the Definitive Information Statement was also
distributed to holders of ADSs and common shares.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">eTelecare Global Solutions, Inc.<BR>
(Registrant)<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Date: April 7, 2009&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Dave M. Gomez&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Dave M. Gomez&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Chief Legal Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>p14696exv99w1.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit
99.1</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="78%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">SEC<BR>
Number
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">A20000-2674<br><div style="border-bottom: 1px solid #000000">&nbsp;</div></TD>


</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">File<BR>
Number</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top"><br><div style="border-bottom: 1px solid #000000">&nbsp;</div></TD>

</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>eTELECARE GLOBAL SOLUTIONS, INC.<DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 50%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Company&#146;s Full Name)</DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>31st Floor CyberOne Building, Eastwood City Cyberpark<BR>
Libis, Quezon City</B><DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 50%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>

<DIV align="center" style="font-size: 10pt">(Company&#146;s Address)</DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>916-5670</B><DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 50%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>

<DIV align="center" style="font-size: 10pt">(Telephone Number)</DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>December&nbsp;31</B><DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 50%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>

<DIV align="center" style="font-size: 10pt">(Fiscal Year Ending)<BR>
(month &#038; day)</DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SEC Form&nbsp;20-IS Pursuant to Section&nbsp;20<BR>
of the Securities Regulation&nbsp;Code</B><DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 50%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>

<DIV align="center" style="font-size: 10pt">Form&nbsp;Type</DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 50%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>

<DIV align="center" style="font-size: 10pt">Amendment Designation (if applicable)</DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 50%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>

<DIV align="center" style="font-size: 10pt">Period Ended Date</DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>N/A</B><DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 50%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>

<DIV align="center" style="font-size: 10pt"><B>(Secondary License Type and File Number)</B></DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>SEC FORM 20-IS</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>INFORMATION STATEMENT PURSUANT TO SECTION 20<BR>
OF THE SECURITIES REGULATION CODE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Check the appropriate box:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#111;</FONT>&nbsp;Preliminary Information Statement
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#254;</FONT>&nbsp;Definitive Information Statement
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Name of Company as specified in its charter <U><B>eTELECARE GLOBAL SOLUTIONS, INC.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Philippines</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Province, country or other jurisdiction of incorporation or organization
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">SEC Identification Number <U><B>A200002674</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BIR Tax Identification Code <U><B>205-366-921-000</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>31</B><SUP style="font-size: 85%; vertical-align: text-top"><B>st</b></SUP>
<b>Floor CyberOne Building, Eastwood City Cyberpark, Libis, Quezon City</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 0pt">Address of principal office

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Postal Code <U><B>1110</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Company&#146;s telephone number, including area code <U><B>(63)&nbsp;2 916-5670</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>April&nbsp;28, 2009; 9:00 AM; 12/F PBCom Building, Ayala Avenue, Makati City</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 0t">Date, time and place of the meeting of security holders

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Approximate date on which the Information Statement is first to be sent or given to security
holders: <U><B>April&nbsp;2, 2009</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Proxies are being solicited by the Company</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Securities registered pursuant to Sections&nbsp;8 and 12 of the Code:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Number of Shares of Common Stock</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Title of Each Class</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Outstanding and Amount of Debt Outstanding</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">Common Shares
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">29,666,239 common shares as of 30 March<BR>
2009 (including common shares underlying<BR>
American Depositary Shares (&#147;ADS&#148;))</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Are any or all of the Company&#146;s securities listed in a Stock Exchange?
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yes&nbsp;<FONT face="Wingdings">&#254;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;<FONT face="Wingdings">&#111;</FONT>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">If yes, disclose the name of such Stock Exchange and the class of securities listed therein:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><B>Common Shares of the Company are listed on the Philippine Stock Exchange.</B>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>eTELECARE GLOBAL SOLUTIONS, INC.<BR>
INFORMATION STATEMENT</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>PART 1<BR>
A. GENERAL INFORMATION</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>DATE, TIME AND PLACE OF MEETING OF SECURITY HOLDERS</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="49%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">April&nbsp;28, 2009</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Time
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">9:00 AM</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Place
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">12/F PBCom Building,<BR>
Ayala Avenue, Makati City</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Address of Principal
Office of the Company
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">31<SUP style="font-size: 85%; vertical-align: text-top">st</SUP> Floor, CyberOne Building,<BR>
Eastwood City Cyberpark<BR>
Libis, Quezon City</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>APPROXIMATE DATE ON WHICH THE INFORMATION STATEMENT IS FIRST TO BE SENT OR GIVEN TO SECURITY
HOLDERS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;April&nbsp;2, 2009
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>DISSENTERS&#146; RIGHT OF APPRAISAL</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The matters to be acted upon at the special meeting of the stockholders include the following:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The proposed amendment to Article&nbsp;SEVENTH of the Amended Articles of
Incorporation to increase the par value of the shares of stock of the Company and
correspondingly reduce the number of authorized and, consequently, issued and
outstanding, shares of the Company, and to provide that the Company shall not issue
fractional shares;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>proposed merger of the Company with EGS Acquisition Corp. with the Company as
the surviving entity.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The foregoing are matters in respect of which a dissenting stockholder may exercise his appraisal
right under Section&nbsp;81 of the Corporation Code which provides that any stockholder of the Company
shall have the right to dissent and demand payment of the fair value of his shares only in the
following instances:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case any amendment to the articles of incorporation has the effect of
changing or restricting the rights of any stockholder or class of shares, or of
authorizing preferences in any respect superior to those outstanding shares of any
class, or of extending or shortening the term of corporate existence;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of sale, lease, exchange, transfer, mortgage, pledge or other
disposition of all or substantially all of the corporate property and assets;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of merger or consolidation; and</TD>
</TR>
<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR>


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In case of investments in another corporation, business or purpose.</TD>
</TR>




</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The appraisal right, when available, may be exercised by any stockholder who shall have voted
against the proposed corporate action, by making a written demand on the Company within thirty (30)
days after the date on which the vote was taken, for payment of the fair value of his shares;
Provided, That failure to make the demand within such period shall be deemed a waiver of the
appraisal right. A stockholder must have voted against the proposed corporate action in order to
avail himself of the appraisal right. If the proposed corporate action is implemented or effected,
the Company shall pay to such stockholder upon surrender of his certificate(s) of stock
representing his shares, the fair value thereof as of the day prior to the date on which the vote
was taken, excluding any appreciation or depreciation in anticipation of such corporate action.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If within a period of sixty (60)&nbsp;days from the date the corporate action was approved by the
stockholders, the withdrawing stockholder and the Company cannot agree on the fair value of the
shares, it shall be determined and appraised by three (3)&nbsp;disinterested persons, one of whom shall
be named by the stockholder, another by the Company and the third by the two thus chosen. The
findings of the majority of appraisers shall be final, and their award shall be paid by the Company
within thirty (30)&nbsp;days after such award is made: Provided, that no payment shall be made to any
dissenting stockholder unless the Company has unrestricted retained earnings in its books to cover
such payment; and Provided, Further, That upon payment by the Company of the agreed or awarded
price, the stockholder shall forthwith transfer his shares to the Company. The costs and expenses
of appraisal shall be borne by the Company, unless the fair value ascertained by the appraisers is
less than or approximately the same as the prices which the Company may have offered to pay the
stockholder, in which case said costs and expenses shall be borne by the stockholder.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>INTERESTS OF CERTAIN PERSONS IN MATTERS TO BE ACTED UPON</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There is no substantial interest, direct or indirect, by security holdings or otherwise, of each of
the following persons in any matter to be acted upon: each person who has been a director or
executive officer of the Company at any time since the beginning of the last fiscal year, and each
associate of any such person. However, four (4)&nbsp;directors of the Company, namely, Mr.&nbsp;Alfredo
Ayala, Mr.&nbsp;Robert Davis Noell, Ms.&nbsp;Julie Richardson and Ms.&nbsp;Ginaflor Oris are also directors of EGS
Acquisition Corp., the corporation that is proposed to be merged with the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company has not been informed in writing by any director that he or she intends to oppose any
action to be taken by the Company at the meeting.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>B. CONTROL AND COMPENSATION INFORMATION</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>VOTING SECURITIES AND PRINCIPAL HOLDERS THEREOF</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The number of shares outstanding as of March&nbsp;30, 2009 and entitled to be voted in the
stockholders&#146; meeting is 29,666,239 common shares. Each share is entitled to one vote.</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The record date for the purpose of determining the stockholders entitled to vote is March&nbsp;30,
2009.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Security ownership of certain record and beneficial owners and management</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Security ownership of record and beneficial owners of more than 5% of the
Company&#146;s securities as of March&nbsp;30, 2009:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="12%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="29%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="23%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Name of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Beneficial</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Name, Address of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Owner and</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Record Owner and</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Relationship</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Title of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Relationship with</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>with the</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Class</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Issuer</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Record Owner</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Citizenship</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Shares Held</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Percent</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Common
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">EGS Acquisition Corp.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Record owner is
beneficial owner
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Philippine<BR>
corporation
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">18,898,255</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">63.7029</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">33<SUP style="font-size: 85%; vertical-align: text-top">rd</SUP> Floor<BR>
Tower One, Ayala Triangle,<BR>
Ayala Avenue,<BR>
Makati City</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">10%&#043; shareholder</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Common
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PCD Nominee Corp.<SUP style="font-size: 85%; vertical-align: text-top">*</SUP>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">EGS Acquisition
Corp.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Philippine<BR>
corporation
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10,387,391</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">35.0142</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">37th Floor<BR>
Enterprise Building<BR>
Ayala Avenue<BR>
Makati City</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">10%&#043; shareholder</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">*</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>PCD Nominee Corporation is the registered owner of shares beneficially owned, or held
for the account of clients who are beneficial owners, by the participants in the Philippine
Depository and Trust Corporation, a private company organized to implement an automated book entry
system of handling securities transactions in the Philippines. Of the common shares registered in
the name of PCD Nominee Corporation, 10,387,391 common shares are beneficially owned by EGS
Acquisition Corp.</TD>
</TR>

</TABLE>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">EGS Acquisition Corp. has designated any of Mr.&nbsp;Alfredo Ayala, Mr.&nbsp;Robert Davis Noell, Ms.&nbsp;Julie
Richardson, Ms.&nbsp;Ginaflor Oris and Mr.&nbsp;Thura Ko as proxy to represent it and vote the shares
registered in its name in this special meeting of shareholders.
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Security ownership of management as of March&nbsp;30, 2009:</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="12%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="26%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="26%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="19%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="13%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Title of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Name of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="5"><B>Amount and Nature of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Class</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Beneficial Owner</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="5" style="border-bottom: 1px solid #000000"><B>Beneficial Ownership</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Citizenship</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Percent</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">Common
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Alfredo I. Ayala
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Held</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">as nominee
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Filipino
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.0000</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">Common
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">John R. Harris</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President and CEO
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Held as nominee
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">American
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.0000</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">Common
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Robert Davis Noell
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Held</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">as nominee
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">American
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.0000</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">Common
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Julie Richardson
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Held</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">as nominee
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">American
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.0000</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">Common
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Ginaflor Oris
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Held</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">as nominee
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Filipino
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.0000</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">Common
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Richard N. Hamlin
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Held</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">as nominee
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">American
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.0000</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">Common
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jaime G. del Rosario
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Held as</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Nominee
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Filipino
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.0000</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Matthew T. Gibbs II</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#151;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Financial Officer
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="center" valign="top">Nil
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">NA
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">American
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="center" valign="top">NA
</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#151;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Gemma M. Santos</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Corporate Secretary
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="center" valign="top">Nil
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">NA
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Filipino
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="center" valign="top">NA
</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company is not aware of any person holding more than 5% of the Company&#146;s securities under a
voting trust arrangement or similar arrangement.
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Change in Control</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On December&nbsp;18, 2008, EGS Acquisition Corp., a Philippine corporation jointly owned by affiliates
of Providence Equity Partners, Inc. and Ayala Corporation, completed the acquisition of a total of
18,898,255 common shares and 10,387,391 ADS or 98.7171% of the outstanding capital stock of the
Company pursuant to a public tender offer conducted in accordance with Section&nbsp;19 of the Securities
Regulation&nbsp;Code, the United States Securities Exchange Act of 1934 and the rules and regulations
promulgated thereunder, and thereby acquired control of the Company. The consideration for said
acquisition of commons shares and ADSs amounted to US$263.6&nbsp;million and was financed through a
combination of equity and debt (please see Audited Financial Statement of EGS Acquisition Corp. as
of and for the year ended December&nbsp;31, 2008 which is attached hereto as Annex &#147;B&#148;, for further
details).
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>C. MODIFICATION OF SECURITIES</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company proposes to increase the par value of the shares of its capital stock from Php2.00 to
PhP812,500.00 per share and correspondingly reduce the authorized shares of its capital stock from
65,000,000 to 160, through the amendment of the first paragraph of Article&nbsp;SEVENTH of its Amended
Articles of Incorporation to provide that the
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">authorized capital stock of the Company is One Hundred Thirty Million Pesos (Php130,000,000)
divided into One Hundred and Sixty (160)&nbsp;common shares with par value of Eight Hundred Twelve
Thousand Five Hundred Pesos (PhP812,500.00) per share. The reduction in the authorized shares of
the capital stock of the Company will result in a corresponding reduction in the issued and
outstanding shares of the capital stock of the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In addition, a new third paragraph will be added to Article&nbsp;SEVENTH of the Amended Articles of
Incorporation, which will read as follows:
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">The Corporation shall not issue fractional shares. Fractional shares resulting
from any increase or decrease in par value or any corporate action shall be
cancelled and paid for in cash based on an amount to be determined by the Board of
Directors.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Except for the increase in par value from Two Pesos (Php2.00) to Eight Hundred Twelve Thousand Five
Hundred Pesos (PhP812,500.00) per share and the non-issuance of fractional shares, there will be no
change in the terms and features of the common shares of stock of the Company nor in the rights of
the existing holders of said shares, resulting from the aforementioned modification. Upon the
effectivity of the abovedescribed amendment to the Amended Articles of Incorporation of the Company
(which shall be the date of approval of said amendment by the Securities and Exchange Commission
(&#147;SEC&#148;)), every Four Hundred Six Thousand Two Hundred Fifty (406,250) outstanding common shares of
the capital stock of the Company shall be converted and reconstituted into one common share of the
capital stock of the Company. Any resulting fractional share shall be cancelled and the
shareholder otherwise entitled to the same fractional share shall be given a cash payment by the
Company in an amount equivalent to USD9.00 multiplied by the total number of shares held by the
relevant shareholder prior to the effectivity of the aforementioned amendment without interest
thereon and less any taxes or costs that may be required to be deducted or withheld therefrom in
accordance with applicable law or regulation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The increase in par value and reduction in number of shares is being effected to simplify the
shareholding structure of the Company, to improve efficiency in operations, maximize productive use
of properties and resources and avoid unnecessary administrative costs.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The aforementioned increase in par value and reduction in number of shares will not necessitate any
application for listing or registration with any stock exchange.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U>Tax Treatment of Cash Payment for Fractional Shares</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Any gain realized by those shareholders (described below) on receipt of cash in lieu of fractional
shares, consisting of the excess of the amount received in lieu of the fractional shares (being
USD9.00 per share based on the number of shares held prior to the effectivity of the abovedescribed
amendment) over the cost basis of the holder in those shares, shall be subject to Philippine income
tax. This means that the gain will be included in the gross income of the shareholder, and the tax
base will either be (a)&nbsp;the gross amount of the gain or (b)&nbsp;such gross amount of the gain less
allowable deductions depending on the tax status of the shareholder, and the applicable tax rate in
each case
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->6<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">will be as follows: (i)&nbsp;if the shareholder is a domestic corporation or a resident foreign
corporation, 30% of taxable net income; or (ii)&nbsp;if the shareholder is a Filipino citizen or
resident alien or nonresident alien engaged in trade or business in the Philippines, up to 32% of
taxable net income.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Shareholders who are (i)&nbsp;domestic corporations, or (ii)&nbsp;resident foreign corporations, or (iii)
Filipino citizens, or (iv)&nbsp;resident aliens, or (v)&nbsp;non-resident alien engaged in trade or business
in the Philippines, shall be responsible for the inclusion in their gross income of any gain that
may be realized by them on receipt of cash in lieu of fractional shares, and for the calculation
and payment of any tax that may be due on their resulting taxable net income, and the Company shall
have no obligation in respect of said tax payment.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Shareholders that are not domestic corporations, resident foreign corporations, Filipino citizens
or resident or non-resident aliens engaged in trade or business in the Philippines, will be subject
to withholding tax as follows: (i)&nbsp;if the shareholder is a nonresident alien not engaged in trade
or business in the Philippines, 25% of the USD9.00 per share multiplied by the number of shares
held prior to the effectivity of the abovedescribed amendment (or &#147;gross amount&#148;), unless
applicable treaty relief is secured, and (ii)&nbsp;if the shareholder is a nonresident foreign
corporation, 30% of the USD9.00 per share multiplied by the number of shares held prior to the
effectivity of the abovedescribed amendment (or &#147;gross amount&#148;), unless applicable treaty relief is
secured. The Company, which is constituted by law as the withholding agent will not assume any
cost basis of these shareholders in the fractional shares and shall effect the withholding on the
basis of the &#147;gross amount&#148; specified in (i)&nbsp;and (ii)&nbsp;above unless a treaty relief application duly
filed with the International Tax Affairs Division of the Bureau of Internal Revenue or acceptable
evidence of the cost basis of the shareholder in the fractional shares is presented to the Company
at least fifteen (15)&nbsp;days prior to the payment. The amount withheld by the Company shall be
remitted to the Philippine Bureau of Internal Revenue, pursuant to Section&nbsp;57 of the National
Internal Revenue Code of the Philippines, as amended. Accordingly, the amount to be received by any
such shareholder shall be net of the applicable tax.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Shareholders are advised to consult their own tax advisors concerning the tax consequences of, and
the tax reporting and payment obligations arising from, their receipt from the Company of cash
payment in lieu of fractional shares.</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>D. FINANCIAL AND OTHER INFORMATION</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The audited consolidated financial statements of the Company and its subsidiaries as of and for the
year ended December&nbsp;31, 2008 prepared by SyCip Gorres Velayo &#038; Co. (SGV)&nbsp;are incorporated in the
Annual Report, SEC Form 17-A, which is attached hereto as Annex &#147;A&#148;.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Management&#146;s Discussion and Analysis and Plan of Operation of the Company is incorporated in
Annex &#147;A&#148; hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">SGV is expected to be present during the special stockholders&#146; meeting on April&nbsp;28, 2009, and will
have the opportunity to make a statement if they desire to do so and are expected to respond to
appropriate questions.
</DIV>



<P align="right" style="font-size: 10pt"><!-- Folio -->7<!-- /Folio -->
</DIV>



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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Since the incorporation of the Company, there was no instance where the Company&#146;s public
accountants resigned or indicated that they decline to stand for re-election or were dismissed nor
was there any instance where the Company had any disagreement with its public accountants on any
accounting or financial disclosure issue.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><I>Audit and Audit-Related Fees</I></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company&#146;s audit and audit-related fees for the last two fiscal years are as indicated in the
table below:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">(Amounts in Thousand US Dollars)
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">2007</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">2008</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Audit and Audit Related Fees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="top">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Professional fees related to the audit of the Company&#146;s annual financial statements
or services that are normally provided by the external auditor in connection with
statutory and regulatory filings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">506</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">792</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="top" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Reviews of quarterly financial statements and SEC registration statements</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">446</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">97</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Tax Fees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Tax advisory services, transfer pricing, tax compliance, PEZA assistance and tax due diligence</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">707</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">352</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #ffffff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>$</B></TD>
    <TD align="right"><B>1,659</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>$</B></TD>
    <TD align="right"><B>1,241</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Audit Committee of the Board of Directors has the sole authority to engage the external
auditor, to approve all audit and permissible non-audit engagements, and to determine the fees to
be paid therefor. In its review and evaluation, the Audit Committee takes into account the
opinions of Management and the Company&#146;s Internal Audit personnel.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>E. MERGERS, CONSOLIDATIONS, ACQUISITIONS AND SIMILAR MATTERS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On December&nbsp;18, 2008, EGS Acquisition Corp. (&#147;EGS&#148;), a Philippine corporation jointly owned by
affiliates of Providence Equity Partners, Inc. and Ayala Corporation, completed the acquisition of
a total of 18,898,255 common shares and 10,387,391 ADS or 98.7171% of the outstanding capital stock
of the Company pursuant to a public tender offer conducted in accordance with Section&nbsp;19 of the
Securities Regulation&nbsp;Code, the United States Securities Exchange Act of 1934 and the rules and
regulations thereunder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On March&nbsp;16, 2009, the respective Boards of Directors of the Company and EGS approved the merger of
the two corporations in accordance with the provisions of the Corporation Code of the Philippines,
with the Company as the surviving corporation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">EGS was incorporated under the laws of the Republic of the Philippines on November&nbsp;26, 2008. Its
principal office is at the 33<SUP style="font-size: 85%; vertical-align: text-top">rd</SUP> Floor Tower One, Ayala Triangle, Ayala Avenue, Makati
City, with telephone number 752-5438. Its primary purpose is to acquire and hold, sell, assign,
transfer, exchange, lease, let, develop, mortgage, pledge, traffic,
</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio -->8<!-- /Folio -->
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">deal in and with and otherwise operate, enjoy and dispose of, any and all properties of every kind
and description.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Under the proposed Plan of Merger, the Company and EGS shall be merged in accordance with Title IX
of the Corporation Code of the Philippines. The merger shall be effective on the fifth business day
following the issuance by the SEC of a Certificate of Merger pursuant to Sections&nbsp;76 and 79 of the
Corporation Code of the Philippines (the &#147;Merger Effective Date&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Upon the Merger Effective Date:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>EGS shall be merged with and into the Company, the surviving corporation. The
name of the surviving corporation shall remain as &#147;eTelecare Global Solutions, Inc.&#148;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The separate existence of EGS shall cease.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The identity, existence, purposes, licenses, powers, rights and immunities of
the Company shall continue unaffected and unimpaired by the Merger. The Company shall
continue to possess all the rights, privileges, licenses, immunities and powers and be
subject to all the duties and liabilities of a corporation organized under the
Corporation Code of the Philippines (Batas Pambansa Blg. 68). The Articles of
Incorporation and Bylaws of the Company shall continue in full force and effect, as
amended by increasing the par value of the shares and correspondingly decreasing the
number of shares and providing for the non-issuance of fractional shares. The Board
of Directors of the Company shall remain seven (7). The incumbent directors and
officers of the Company shall continue to be the directors and officers of the
surviving corporation for the balance of their unexpired term until and unless a
reorganization of the Board of Directors and/or officers of the surviving corporation
is undertaken subsequent to the Merger Effective Date.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company thereupon and thereafter shall possess all the rights,
privileges, permits, registrations, and immunities and franchises of EGS; and all of
its businesses, properties, claims, assets (including goodwill and tradename), and all
receivables due on whatever account and all and every other interest of, or belonging
to, or due to EGS appearing on the audited financial statements of EGS as of and for
the year ended December&nbsp;31, 2008, as well as all other assets which EGS may acquire
until and as of the Merger Effective Date, shall be taken and deemed to be
transferred to and vested in the Company without further act and deed, by operation of
law pursuant to Section&nbsp;80(4) of the Corporation Code, unless by express requirement
of law or of a government agency, any separate or specific deed of conveyance to
legally effect the transfer or assignment of any kind of property or assets is
required, in which case such document or deed shall be executed accordingly.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company shall be responsible and liable for all the liabilities and
obligations, whether actual or contingent, including but not limited to obligations as
employer, of EGS, in the same manner as if the Company had</TD>
</TR>

</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->9<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>itself incurred such liabilities or obligations; and any claim, action or proceeding
pending by or against EGS shall be prosecuted by or against the Company. Neither the
rights of the creditors nor any lien upon the property of EGS shall be impaired by the
Merger; provided, however, that the Company shall have the right to exercise all of the
defenses, rights, privileges, and set-offs and counterclaims of every kind and nature
which EGS may have under the premises.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The conversion ratio of the issued shares of stock of EGS into the Company&#146;s
shares of stock shall be 1:0.000008842. No fractional shares shall be issued. As a
result of this conversion ratio, the Company shall issue to the stockholders of EGS,
and the stockholders of EGS shall receive, an aggregate of 88 shares with a total par
value of Seventy-one Million Five Hundred Thousand Pesos (P71,500,000), all of which
shall be sourced from the Company&#146;s unissued capital stock. The excess of the net
assets of EGS over such par value shall be treated as additional paid-in capital in
the books of the Company. The EGS shares shall be automatically canceled.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On the Merger Effective Date, the certificates, properly endorsed,
representing the EGS shares of stock to be converted into Company shares, shall be
delivered to the Corporate Secretary of the Company. Thereafter, each holder of a
certificate or certificates representing shares of the capital stock of EGS shall,
upon surrender of such certificate or certificates to the Corporate Secretary of the
Company, be entitled to receive in exchange therefor, a certificate or certificates
representing the number of shares of stock of the Company into which the shares
theretofore represented by the certificate or certificates so surrendered shall have
been converted as provided in paragraph (f)&nbsp;above.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The respective Boards of Directors of the Company and EGS believe it to be in the best interest of
both corporations to merge into a single corporation in order to streamline the shareholding
structure, increase efficiency of operations, maximize productive use of properties and resources
and thereby avoid unnecessary administrative costs.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As of record date, there are no dividends in arrears or defaults in principal or interest in
respect of the securities of the Company and EGS.
</DIV>



<P align="right" style="font-size: 10pt"><!-- Folio -->10<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>The Company and EGS</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(Amounts in Thousand US Dollars, Except Per Share Amounts)
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7" style="border-bottom: 1px solid #000000">The Company</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7" style="border-bottom: 1px solid #000000">EGS</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">2007</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">2008</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">2007</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">2008</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net sales/operating
revenue</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">259,942</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">299,271</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">N.A.</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">4</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income/(Loss) from
continuing
operation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">22,706</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">($8,863</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">N.A.</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">($452</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Long term
obligations and
redeemable
preferred stock</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" nowrap align="right">nil</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" nowrap align="right">nil</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">N.A.</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">89,827</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Book value per share</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">4.59</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">4.56</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">N.A.</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">19.69</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash dividends
declared per share</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" nowrap align="right">nil</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" nowrap align="right">nil</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">N.A.</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" nowrap align="right">nil</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD VALIGN="TOP" ROWSPAN="2"><DIV style="margin-left:15px; text-indent:-15px">Income/(Loss) per share from
continuing
operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="right">Basic: $0.84</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="right">Basic: ($0.29</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">N.A.</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="right" nowrap>Basic: ($0.05</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD colspan="2" align="right" nowrap>Diluted:  $0.77</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="right" nowrap>Diluted:($0.28</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Other than the approval of the SEC required under Section&nbsp;79 of the Corporation Code of the
Philippines, no other regulatory requirement is considered a pre-condition to the effectivity of
the merger.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company and EGS did not receive any fairness opinion or appraisal report materially relating to
the merger from any outside party.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Except for, or in connection with, the tender offer for the shares of the capital stock of the
Company and the merger referred to above, there is no other past, present or proposed material
contract, arrangement, understanding, relationship, negotiation or transaction during the past two
fiscal years between EGS or its affiliates and the Company or its affiliates.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There has been no trading in the shares of stock of the Company on the PSE immediately prior to,
on, or after March&nbsp;16, 2009, the date when the approval of the merger by the Board of Directors of
the Company was publicly disclosed. Apart from the acquisition of the shares of the Company by EGS
on December&nbsp;18, 2009, there have been no public trades in the Company&#146;s shares of stock on the PSE
since December&nbsp;12, 2008, on which date the closing price for such shares was PhP350.00.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Information on the Company</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Further information on the Company is provided in the Management&#146;s Discussion and Analysis and Plan
of Operation incorporated in Annex &#147;A&#148;.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U>Directors and Officers of the Company</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Alfredo I. Ayala, Chairman of the Board of Directors since February&nbsp;10, 2009, Director since
February&nbsp;21, 2000, 47&nbsp;years old, Filipino.</B></DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mr.&nbsp;Ayala also served as the Company&#146;s chairman of the board from February&nbsp;21, 2000 until March&nbsp;11,
2001 and from February&nbsp;20, 2004 until December&nbsp;13, 2007. From February&nbsp;2004 to March&nbsp;2006, Mr.
Ayala also served as the Company&#146;s chief executive officer. Since June&nbsp;2006, Mr.&nbsp;Ayala has served
as chief executive officer of LiveIt Solutions, Inc., a subsidiary of Ayala Corporation, which
invests in the business process outsourcing sector. Since May&nbsp;2006, Mr.&nbsp;Ayala has served as a
managing director of
Ayala Corporation, a holding company with investments in real estate, financial services,
</DIV>

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</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">automotive, telecommunications, electronics and information technology, water infrastructure
development and management, and international operations. From 1998 to 2004, Mr.&nbsp;Ayala served as
chairman of SPI Technologies, Inc., a business process outsourcing firm in Asia. From 2006 to the
present, he has served as Chairman of the Business Processing Association of the Philippines. Mr.
Ayala holds a B.A. in development studies and economics from Brown University and a M.B.A. from the
Harvard Business School.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>John R. Harris, President and CEO since April&nbsp;28, 2006, 60&nbsp;years old, American.</B>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">
Mr.&nbsp;Harris has served as president and chief executive officer of eTelecare Global Solutions, Inc.
since 2006. Previously, Mr.&nbsp;Harris served as chief executive officer of Seven Worldwide Inc., a
business process outsourcing company from November&nbsp;2003 to January&nbsp;2004. From 2002 to 2003, Mr.
Harris served as chief executive officer of Delinea Corporation, a business process outsourcing
company. From 2000 to 2002, Mr.&nbsp;Harris served as chief executive officer of Exolink Corporation, a
technology company. From 1973 to 1999, Mr.&nbsp;Harris held a variety of positions, including group
vice president and corporate officer of Electronic Data Systems Corporation, or EDS, a provider of
IT and BPO services. Mr.&nbsp;Harris holds a B.B.A. and a M.B.A. from West Georgia University.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Richard N. Hamlin, Director since March&nbsp;10, 2007, 61&nbsp;years old, American.</B>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">
Since August&nbsp;2003, Mr.&nbsp;Hamlin has served as private consultant and investor. From July&nbsp;2002 to
September&nbsp;2003, he served as the chief financial officer of CommerceQuest, Inc., a business process
management software company. From January&nbsp;2000 to June&nbsp;2000, Mr.&nbsp;Hamlin served as a partner of
KPMG Consulting. Mr.&nbsp;Hamlin served as an audit partner of KPMG from 1979 until January&nbsp;2000,
including service on KPMG&#146;s board of directors from 1994 to 1998. Mr.&nbsp;Hamlin currently serves on
the board of directors of Hackett Group, Inc., a business and technology consulting firm. Mr.
Hamlin holds a B.S. degree in accounting from Florida State University.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Jaime G. del Rosario, Director since October&nbsp;12, 2007, 54&nbsp;years old, Filipino.</B>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">
From 1994 to his retirement in September&nbsp;2002, Mr. del Rosario served as the president and managing
director of the Philippine operations of Accenture Ltd., formerly known as Andersen Consulting.
Mr. del Rosario has an undergraduate degree in industrial engineering from the University of the
Philippines and a Master&#146;s Degree in computer science from the Asian Institute of Technology in
Bangkok, Thailand.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Robert Davis Noell, Director since December&nbsp;22, 2008, 30&nbsp;years old, American.</B>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">
Mr.&nbsp;Noell joined Providence in 2003 and has been a Vice President therein since January of 2008.
He is currently based in Providence&#146;s New York office. Prior to joining Providence in 2003, Mr.
Noell had been an Analyst in Deutsche Bank AG&#146;s Media Investment Banking group. Mr.&nbsp;Noell received
a Bachelor of Arts with honors from the University of North Carolina at Chapel Hill.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Julie Richardson, Director since December&nbsp;22, 2008, 45&nbsp;years old, American.</B>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">
Ms.&nbsp;Richardson has been Managing Director of Providence Equity LLC (&#147;Providence Equity&#148;), since
2003 and leads its New York office. Ms.&nbsp;Richardson is currently a director of Open Solutions Inc.,
SunGard Data Systems Inc. and US Investigations Services, Inc. Prior to joining Providence Equity
in 2003, Ms.&nbsp;Richardson served as Vice
President of JP Morgan&#146;s investment banking division and Chairman of its Telecom,
</DIV>

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</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Media and
Technology group. Prior to joining JP Morgan in 1998, Ms.&nbsp;Richardson was a Managing Director at
Merrill Lynch, where she worked for more than 11&nbsp;years. She received a Bachelor of Business
Administration from the University of Wisconsin-Madison, and spent a year studying finance at the
Stanford Graduate School of Business. Ms.&nbsp;Richardson has served as Chairman of the Dean&#146;s Advisory
Board of the University of Wisconsin-Madison and is a member of the executive committee of the
Board of Directors of Make-A-Wish Foundation of Metro New York.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Ginaflor C. Oris, Director since December&nbsp;22, 2008, 41&nbsp;years old, Filipino.</B>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">
Ms.&nbsp;Oris has been the Chief Financial Officer of Ayala Corporation&#146;s AC Capital Division since
January&nbsp;2007. She has concurrently been the Chief Financial Office and Treasurer of Azalea
Technology Investments, Inc and LiveIt Solutions, Inc., and the Chief Financial Officer of LiveIt
Investments Limited. Ms.&nbsp;Oris joined Ayala Corporation in July&nbsp;1994 as a trainee under the Bank of
the Philippines Islands&#146; Bank Officer Development Program. She holds a B.S. Mathematics major in
Computer Science from the Ateneo de Manila University and a Master in Business Management from the
Asian Institute of Management. Ms.&nbsp;Oris is a Chartered Financial Analyst.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Matthew T. Gibbs II, Chief Financial Officer since January&nbsp;5, 2009, 44&nbsp;years old, American.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mr.&nbsp;Gibbs was the Managing Partner of MAKA, LLC from January&nbsp;2007 to December&nbsp;2008, a company
acting as consultant to a private equity firm and a hedge fund and providing operational and
financial analysis on potential acquisitions. Previous to this, Mr.&nbsp;Gibbs was with Language Line
Services from September&nbsp;1999 to December&nbsp;2006 acting as Chief Financial Officer. Mr.&nbsp;Gibbs was a
direct report of the CEO and served on the Board of Directors of the company. His financial
responsibilities included accounting, treasury, financial planning and analysis, strategic planning
and mergers and acquisition work. Both companies operated out of Monterey, California, USA. Mr.
Gibbs also worked with The Walt Disney Company from March&nbsp;1991 to September&nbsp;1999 with his last
position being the Chief Financial Officer of Disney Vacation Club. Mr.&nbsp;Gibbs holds a Master of
Business Administration degree from the Babson Graduate School of Business and a Master of Taxation
degree as well from the University of Miami.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Gemma M. Santos, Corporate Secretary since the date of incorporation, February&nbsp;21, 2000, 46&nbsp;years
old, Filipino.</B>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">
Atty. Santos is senior partner in Picazo Buyco Tan Fider &#038; Santos Law Offices. She is also the
corporate secretary of listed companies ATR KimEng Financial Corporation and Vista Land &#038;
Lifescapes, Inc. and several other corporations, and Assistant Corporate Secretary of Metro Pacific
Investments Corporation. Atty. Santos has been a practicing corporate lawyer since 1986. She
graduated from the University of the Philippines with the degrees of Bachelor of Arts and Bachelor
of Laws.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U>Significant Employees</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Other executive officers who are expected by the Company to make a significant contribution to its
business follow:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>Dave Palmer </I></B>has served as chief operating officer since January&nbsp;2009. Prior to his
appointment, Mr.&nbsp;Palmer served as the Company&#146;s senior vice president, global
</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio -->13<!-- /Folio -->
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">operations beginning
in August&nbsp;2007. Mr.&nbsp;Palmer also served as the Company&#146;s Vice President, U.S. Operations during
2007. From August&nbsp;1994 to December&nbsp;2006, Mr.&nbsp;Palmer served in various operational positions with
America Online Inc., including, most recently, Senior Vice President-International Operations and
Global Outsourcing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>Glen Dispenziere </I></B>has served as senior vice president of sales and marketing since December&nbsp;2005.
From 2003 to 2005, Mr.&nbsp;Dispenziere served as vice president of strategic sales and business
development at Witness Systems, Inc., a call center/CRM software provider. From 1997 to 2003, Mr.
Dispenziere served as a partner at Accenture, a consulting company, where he specialized in CRM and
call centers. Mr.&nbsp;Dispenziere holds a B.S. in mechanical engineering from Lehigh University and a
M.B.A. in marketing and finance from the College of William &#038; Mary.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U>Family Relationships</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There are no family relationships up to the fourth civil degree either by consanguinity or affinity
among directors, executive officers or persons nominated or chosen by the Company to become
directors or executive officers.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U>Legal Proceedings</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company is not aware of any legal proceedings of the nature required to be disclosed under Part
IV, paragraph (A)(4) of Annex C of the Implementing Rules and Regulations of the Securities
Regulation&nbsp;Code that occurred during the past five years that are material to an evaluation of the
ability or integrity of any director, any nominee for election as director or executive officer of
the Company. In particular, none of the aforementioned directors and executive officers is or has
been involved in any criminal or bankruptcy proceeding, or is or has been subject to any judgment
of a competent court barring or otherwise limiting his involvement in any type of business, or has
been found to have violated any securities laws during the past five (5)&nbsp;years and up to the latest
date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Information on EGS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">EGS was incorporated on November&nbsp;26, 2008 under the laws of the Republic of the Philippines. Its
primary purpose is to acquire and hold, sell, assign, transfer, exchange, lease, let, develop,
mortgage, pledge, traffic, deal in and with and otherwise operate, enjoy and dispose of, any and
all properties of every kind and description.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As a holding company, its operation has been limited to the acquisition and ownership of the
Company&#146;s shares and ADSs, which are its only assets.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There are no legal proceedings to which EGS or any of its affiliates is a party or of which any of
its property is subject.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">EGS is a privately-held company and its shares are not traded in any public trading market. Its
shareholders as of March&nbsp;16, 2009 are as follows:
</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->14<!-- /Folio -->
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Name</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Number of Shares Held</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">EGS Corp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,951,989</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Alfredo I. Ayala</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Solomon M. Hermosura</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Ginaflor C. Oris</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Maria Teresa D. Mercado-Ferrer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Julie Richardson</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Robert Davis Noell</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Thura Ko</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Hector M. De Leon, Jr.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Rafael L. Encarnacion</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Marietta A. Tibayan</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Franco Aristotle G. Larcina</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>

</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">No dividends have been declared by EGS since its incorporation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The audited financial statements of EGS as of and for the year ended December&nbsp;31, 2008 is attached
hereto as Annex &#147;B&#148;.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U>Directors and Officers of EGS</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The directors and officers of EGS are as follows:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Alfredo I. Ayala, Director since the date of incorporation, November&nbsp;26, 2008, and President since
December&nbsp;2, 2008, 47&nbsp;years old, Filipino.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A description of Mr.&nbsp;Ayala&#146;s business experience is provided hereinabove.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Solomon M. Hermosura, Director since the date of incorporation and Corporate Secretary since
December&nbsp;2, 2008, 46&nbsp;years old, Filipino.</B>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">
Since September&nbsp;19, 2008, Mr.&nbsp;Hermosura has served as Vice President of EGS Acquisition Co LLC.
Mr.&nbsp;Hermosura has also served as managing director of Ayala Corporation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Ginaflor C. Oris, Director since the date of incorporation, November&nbsp;26, 2008, and Treasurer since
December&nbsp;2, 2008, 41&nbsp;years old, Filipino.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A description of Ms.&nbsp;Oris&#146; business experience is provided hereinabove.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Julie Richardson, Director since the date of incorporation, November&nbsp;26, 2008, and Vice President
since December&nbsp;2, 2008, 45&nbsp;years old, American.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A description of Ms.&nbsp;Richardson&#146;s business experience is provided hereinabove.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Robert Davis Noell, Director since the date of incorporation, November&nbsp;26, 2008, and Vice President
since December&nbsp;2, 2008, 30&nbsp;years old, American.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A description of Mr.&nbsp;Noell&#146;s business experience is provided hereinabove.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Thura Ko, Director since the date of incorporation, November&nbsp;26, 2008, and Vice President since
December&nbsp;2, 2008, 35&nbsp;years old, British.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mr.&nbsp;Ko has served as Vice President of EGS Acquisition Co LLC since September&nbsp;19,
</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio -->15<!-- /Folio -->
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2008, and as Vice
President and Corporate Secretary of Providence Equity Asia Limited since 2007. Previously, Mr.&nbsp;Ko
was an assistant director at N.M. Rothschild &#038; Sons Limited (Hong Kong).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Maria Teresa D. Mercado Ferrer, Director since the date of incorporation, November&nbsp;26, 2008, 44
years old, Filipino.</B>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">
Ms.&nbsp;Ferrer has been a partner in the law firm of SyCip Salazar Hernandez &#038; Gatmaitan since 2003.
She graduated from the University of the Philippines with the degrees of Bachelor of Arts and
Bachelor of Laws.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U>Significant Employees </U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Other executive officers who are expected by EGS to make a significant contribution to its business
follow:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>Christopher I. Halpin </I></B>has served as Vice President since December&nbsp;10, 2008. He is concurrently
Vice President of EGS Acquisition Co LLC and a managing director of Providence Equity Asia Limited.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U>Family Relationships</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There are no family relationships up to the fourth civil degree either by consanguinity or affinity
among directors, executive officers or persons nominated or chosen by EGS to become directors or
executive officers.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U>Legal Proceedings</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">EGS is not aware of any legal proceedings of the nature required to be disclosed under Part&nbsp;IV,
paragraph (A)(4) of Annex C of the Implementing Rules and Regulations of the Securities Regulation
Code that occurred during the past five years that are material to an evaluation of the ability or
integrity of any director, any nominee for election as director or executive officer of the
Company. In particular, none of the aforementioned directors and executive officers is or has been
involved in any criminal or bankruptcy proceeding, or is or has been subject to any judgment of a
competent court barring or otherwise limiting his involvement in any type of business, or has been
found to have violated any securities laws during the past five (5)&nbsp;years and up to the latest
date.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>F. ACTION WITH RESPECT TO REPORTS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There are no reports/matters that will be submitted for the approval/ratification of stockholders.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>G. VOTING PROCEDURES</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The vote required for the approval of:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Amendments to the Articles of Incorporation &#151; two-thirds of the outstanding
capital stock; and</TD>
</TR>

<TR style="font-size: 10pt">
<TD>&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Merger &#151; two-thirds of the outstanding capital stock.</TD>
</TR>


</TABLE>
</DIV>
<P align="right" style="font-size: 10pt"><!-- Folio -->16<!-- /Folio -->
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The method by which votes will be counted &#151; Each stockholder shall have one vote for each
share of stock entitled to vote and registered in his name at record date. The officer of the
Corporation authorized to count the votes cast shall be the Corporate Secretary.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Voting shall be by <I>viva voce</I>.</TD>
</TR>

</TABLE>
</DIV>
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<DIV align="Center" style="font-size: 10pt; margin-top: 18pt"><B>PART II</B>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>SIGNATURE</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">After reasonable inquiry and to the best of my knowledge and belief, I certify that the information
set forth in this report is true, complete and correct. This report is signed in Quezon City on
March&nbsp;26, 2009.
</DIV>

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    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>

</TR>
<TR>
    <TD colspan="3" align="left"><B>eTELECARE GLOBAL SOLUTIONS, INC.</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" align="left">&nbsp;</TD>

</TR><TR>
    <TD valign="top"><B>By:</B>&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Angelita P. Sangalang
&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
</TR>
<TR>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left"><B>ANGELITA P. SANGALANG<BR>
Compliance Officer/Director of Finance</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;</TD>

</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


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<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>p14696exv99w2.htm
<DESCRIPTION>EX-99.2
<TEXT>
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<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
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    <TD width="15%">&nbsp;</TD>
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;99.2</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Questions and Answers Concerning American Depositary Shares</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">You were recently provided notice of termination of the Deposit Agreement dated April&nbsp;2, 2007 (as
amended, the &#147;Deposit Agreement&#148;) between eTelecare Global Solutions, Inc. (the &#147;Company&#148;),
Deutsche Bank Trust Company Americas, as Depositary (the &#147;Depositary&#148;) and the Holders and
Beneficial Owners of American Depositary Shares (&#147;ADSs&#148;) evidenced by American Depositary Receipts
(&#147;ADRs&#148;) issued thereunder. The termination of the Deposit Agreement will be effective on April
27, 2009.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company has also called a meeting of its shareholders, which is scheduled to be held on April
28, 2009 in Makati City, Philippines. The record date of the meeting is March&nbsp;30, 2009.
Notwithstanding the pending termination of the Deposit Agreement, you were a shareholder of record
on the record date; and thus, you are entitled to notice of and the right to vote at the Company&#146;s
shareholder meeting. Accordingly, the Company is sending you the attached Definitive Information
Statement (the &#147;DIS&#148;), which describes the proposals for consideration at the shareholder meeting
and contains additional information about the Company. The information contained in the following
questions and answers is intended to provide the holders of ADSs additional information in
connection with the shareholder meeting and the pending termination of the Deposit Agreement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>What effect will the termination of the Deposit Agreement have on my ADSs?</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Prior to the termination date, your rights under the Depositary Agreement will remain unchanged.
Please see the Deposit Agreement and amendments thereto on file with the United States Securities
and Exchange Commission under the Company&#146;s Registration Statement on Form F-6 for a complete
description of your rights as an ADS holder. You may access this information by visiting the SEC&#146;s
website at www.sec.gov.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Promptly following the termination date, the Depositary intends to sell the common shares
underlying the outstanding ADSs in accordance with the terms of the Deposit Agreement in order to
retire the remaining outstanding ADSs. The Company currently intends to purchase the common shares
underlying the outstanding ADSs from the Depositary at a per share price equal to $9.00 US dollars,
subject to applicable law and completion of appropriate documentation. After these underlying
common shares are sold by the Depositary, the Depositary will distribute the net proceeds from the
sale to the holders of outstanding ADSs in exchange for the cancellation of the ADRs. Each such
holder will be entitled to receive an amount of cash equal to the per share price received by the
Depositary multiplied by the number of common shares underlying the holder&#146;s ADR, less any required
taxes or costs the Depositary may be required to deduct or withhold in accordance with applicable
law or rules, including payment of any stock transaction taxes, brokers&#146; commissions and other fees
customarily for the account of a seller in connection with the crossing of the Common Shares on the
Philippine Stock Exchange, Inc. (&#147;PSE&#148;) and any applicable Depositary fees. Please see below for
more information on withholding amount, charges and Depositary fees.
</DIV>


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<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Why is the Company terminating the Deposit Agreement?</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On December&nbsp;18, 2008, EGS Acquisition Corp. (the &#147;Purchaser&#148;) completed a tender offer for all
outstanding Common Shares and ADSs of the Company, pursuant to which it acquired approximately
98.7% of the outstanding capital stock of the Company. The Company is terminating the Deposit
Agreement to facilitate the acquisition by the Purchaser of all of the remaining outstanding
capital stock of the Company following the completion of the tender offer.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Must I convert my ADSs into common shares prior to the termination of the Deposit Agreement?</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Although you have a right to convert your ADSs into common shares, you are not required to do so in
order to receive the cash payment discussed above in exchange for the cancellation of your ADR. If
you elect to convert your ADSs prior to the termination date of the Deposit Agreement, you will not
be eligible to receive the cash payment discussed above, but rather you will receive common shares
in exchange for your ADSs. If you elect to receive common shares, then you will become subject to
the reverse stock split of common shares discussed further below and in the attached DIS. <U>You
are urged to consider these materials carefully, because the potential tax withholdings to you may
be significantly different depending on whether you decide to hold your ADSs and be paid cash as
described above or to convert your ADSs into common shares and be subject to the reverse stock
split of common shares described below and in the enclosed DIS.</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Why is the Company calling a meeting of shareholders</B>?
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company has schedule a shareholder meeting on April&nbsp;28, 2009 to, among other items, solicit
approval of an amendment to its Amended Articles of Incorporation to increase the par value of its
common shares, reduce the number of authorized common shares and to provide that the Company will
not issue fractional shares. The net effect of these actions is that the outstanding common shares
will undergo a reverse stock split.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>What will happen if the reverse stock split of common shares is approved?</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If the amendment to the Company&#146;s Amended Articles of Incorporation is approved, every 406,250
outstanding common shares will be converted into one common share. Any resulting fractional shares
will be cancelled and the shareholder otherwise entitled to the same fractional share will be given
a cash payment by the Company equal to $9.00 US dollars multiplied by the total number of shares
held by the relevant shareholder prior to the effectiveness of the amendment and less any taxes or
costs that may be required to be deducted or withheld in accordance with applicable law or
regulation.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>What are the Company&#146;s tax withholding obligations if I elect to convert my ADSs into common shares
and the reverse stock split is effected by the Company?</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company is required and intends to withhold from its fractional share payments (a)&nbsp;25% of the
gross amount (i.e., the full $9.00 per share amount) if the holder is a nonresident alien of the
Philippines and not engaged in a trade or business in the Philippines, or (b)&nbsp;30% of the gross
amount if the holder is a non-Philippine corporation. In each case, a shareholder can attempt to
</DIV>
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</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">obtain evidence of tax treaty relief, which must be granted by the Philippine Bureau of Internal
Revenue (BIR), or timely present to the Company acceptable evidence of such holder&#146;s cost basis in
the fractional shares.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If you elect to convert your ADSs into common shares, the amount of cash that will be withheld for
tax purposes from the cash payment that you will receive will be significantly higher than it would
otherwise be if the Depositary sells the common shares underlying your ADSs on your behalf after
termination of the Deposit Agreement and prior to the reverse stock split.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For additional information, please refer to the disclosure starting on page 6 of the enclosed DIS.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>What are the Company&#146;s tax withholding obligations if I continue to hold my ADSs and the Depositary
sells my underlying common shares?</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The sale of the underlying common shares by the Depositary following the termination date is
expected to occur through a &#147;block sale&#148; structure across the PSE. If the underlying common shares
are sold on the PSE, a stock transaction tax and other taxes apply that total to less than 1.0% of
the purchase price. Once these nominal taxes are paid, the Company is no longer required to
withhold any amount under Philippine law to any shareholders, including nonresident aliens of the
Philippines and non-Philippine corporations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In sum, if the Company purchases your underlying common shares from the Depositary following
termination of the Deposit Agreement, you will have deducted less than 1.0% of the sale proceeds as
a result of applicable Philippine tax requirements. But, if you elect to convert your ADSs into
Common Shares before the termination of the Deposit Agreement, you will have deducted either 25% or
30%, as applicable, of the sale proceeds as a result of applicable Philippine tax requirements.
Other taxes and charges may apply depending on your specific tax circumstances.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The above discussion does not address all of the tax consequences that may be relevant to specific
beneficial owners of common shares or ADSs in light of their particular circumstances or to
beneficial owners of common shares or ADSs subject to special treatment under United States federal
income tax laws. <U>Shareholders are advised to consult their own tax advisors concerning the tax
consequences of, and the tax reporting and payment obligations arising from, their receipt from the
Company of cash payment in lieu of fractional shares or the proceeds from any sale by the
Depositary of the underlying common shares.</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>What charges will I incur if I convert my ADSs into common shares prior to the termination of the
Deposit Agreement?</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Depositary will charge the standard cancellation fees of $0.05 per ADS plus a cable direct fee
of $10.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>What charges will I incur if I retain my ADSs and the Depositary sells my underlying common shares?</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Depositary will charge the standard cancellation fees of $0.05 per ADS.
</DIV>


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<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>If I elect to continue to hold my ADSs through the date of termination of the Deposit Agreement,
what should I do to make sure I receive my cash payment from the sale of the underlying common
shares?</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">You will receive an additional communication providing further instruction on what to do in order
to receive your cash payment from the sale of the underlying common shares. You do not need to do
anything at this point.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Should I elect to hold my ADSs until the Deposit Agreement is terminated or convert my ADSs into
common shares prior to the termination of the Deposit Agreement?</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company cannot advise you whether to convert your ADSs into common shares or hold your ADSs
through the termination of the Deposit Agreement. Each holder of ADSs must make its own decision,
which can take into account any unique circumstances applicable to each holder. The Company&#146;s
objective is to provide information relevant to your decision-making process.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Who should I contact for additional information?</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Should you have any questions, please contact Anh Huynh, the Company&#146;s Director of Investor
Relations, at (888)&nbsp;362-1073.
</DIV>



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