Inform Letter – Mortgage Loan

March 16, 2003

Mr. Aivan Angelo Roque
East West Bank Inc.
Balanga City, Bataan

Dear Mr. Roque:

Please to inform you that mortgage loan of SPS Santos is approved.  Kindly see details below.  The documentation will be done here at our Central Luzon Business Center.  We are just waiting for the client’s folder and CAM report to be forwarded to our end from head office.

We will inform you as soon as the documents are done for signing.

Thank you.

Sincerely yours,

Bernadette M. Soriano