Mr. Luis Juan L. Virata, Filipino, 70 years old, first became a Director of the Company by appointment on August 8, 1995, and has been a director since then. He is Chairman and major shareholder of Amber Kinetics Philippines, Inc. Mr. Virata is also Chairman Emeritus of Exchange Equity Partners Group Corporation, Chairman of Cavitex Holdings, Inc., Chairman of MTV Investment Properties Holdings Corporation, and Vice President of Exchange Properties Resources Corporation. He is also a founder and trustee of the Asia Society Philippine Foundation and the Metropolitan Museum of Manila and a board member of the Huntsman Foundation at the Wharton School University of Pennsylvania. He previously held positions with Dillon, Read and Co., Crocker National Bank, Bankers Trust Company, Philippine Airlines, the Philippine Stock Exchange, and the Makati Stock Exchange. He received his Bachelor of Arts and Master of Arts degrees in Economics from Trinity College, Cambridge University, UK, in 1976 and his Master of Business Administration degree from the Wharton School, USA, in 1979.