Company Profile Globe

COMPANY PROFILE Globe is a leading telecommunications company in the Philippines. Our mission is to inspire and enrich lives through communications by way of our vision of having the happiest customers. customers. Through our our renewed commitment commitment of "enriching "enriching lives through ease ease and relevance", our goal is to enrich everyday communications by simplifying and removing obstacles in communication technology so that we bring our customers closer to what matters to them most. MISSION: We create a wonderful world for people, businesses, and the nation. VISION: Happiest customers, employees, shareholders. OUR VALUES: We put our Customers first. We act with integrity. Our people make the difference. We keep things simple. We bring new things fast and first. We care like an owner. We inspire and create opportunities.

Ownership Structure The following are the major stockholders of Globe Telecom as of 30 September 2014: Stockholders

Common

% of Common

Preferred

% of Preferred

Total

% of Total

Ayala Corporation

40,351,591

30.4%

-

-

40,351,591

13.9%

SingTel

62,646,487

47.2%

-

-

62,646,487

21.5%

Asiacom

-

-

158,515,021

100.0%

158,515,021

54.5%

Public

29,732,500

22.4%

-

-

29,732,500

10.2%

Total

132,730,578

100.0%

158,515,021

100.0%

291,245,599

100.0%

Ayala Corporation Ayala Corporation is the holding company of one of the largest, most respected and most widely diversified business groups in the Philippines. Founded in 1834, Ayala maintains leadership positions in real estate development, financial services, telecommunications, water distribution infrastructure, electronics manufacturing services, automotive dealerships, and business process outsourcing. Recently, it expanded into other strategic sectors such as power and transport infrastructure. Ayala maintains a tradition of excellence and integrity that has continuously run through seven generations. It continues to contribute to Philippine economic and social growth through its diverse business interests, maintaining its tradition of excellence in every endeavor. Ayala continues to move further forward, drawing on its heritage and experience to fulfill its brand promise of "Pioneering the Future".

SingTel The SingTel Group is Asia's leading communications group, providing a wide spectrum of multimedia and ICT solutions, including voice, data and video services over fixed and wireless platforms. Headquartered in Singapore, SingTel has more than 130 years of operating experience and has played a pivotal role in the country's development as a major communications hub. Today, it continues to lead and shape the local digital consumer market and the

enterprise ICT market. SingTel's Australian arm, Optus, is a leader in integrated telecommunications, constantly raising the bar in innovative products and services. SingTel is a major communications player in Asia and Africa through strategic investments in six regional mobile operators, namely Telkomsel (Indonesia), Globe Telecom (the Philippines), Advanced Info Service (Thailand), Warid Telecom (Pakistan) and PBTL (Bangladesh). The Group also has investments in Bharti Airtel (India), which has significant presence in Bangladesh, Sri Lanka and Africa. SingTel is a long term strategic investor and works closely with its associates to grow the business, by leveraging its scale in networks, customer reach and extensive operational experience. As at 30 September 2012, the SingTel Group serves 468 million mobile customers around the world.

Asiacom Asiacom Philippines, Inc. (Asiacom) is a subsidiary of Ayala Corporation and owns 100% or 158,515,021 of Globe's preferred shares.

Board of Directors The Board of Directors establishes the vision, mission and strategic direction of the Company, hence, is the supreme authority in matters of governance. They monitor the overall corporate performance and protect the long-term interests of the various stakeholders ensuring transparency, accountability and fairness. Ensuring the adequacy of internal control mechanisms, reliability of financial reporting and compliance with applicable laws and regulations are also integrated as part of overseeing the responsibility for risk management. Furthermore, certain matters including the approval of corporate operating and capital budgets, major acquisitions and disposals of assets, major investments and changes in authority and approval limits are reserved specifically for the Board's disposition. Name

Position

Jaime Augusto Zobel de Ayala

Chairman

Gerardo C. Ablaza, Jr.

Co-Vice Chairman

Mark Chong Chin Kok

Co-Vice Chairman

Ernest L. Cu

Director, President and Chief Executive Officer

Romeo L. Bernardo

Director

Delfin L. Lazaro

Director

Tay Soo Meng

Director

Fernando Zobel de Ayala

Director

Rex Ma. A. Mendoza

Independent Director

Guillermo D. Luchangco

Independent Director

Manuel A. Pacis

Independent Director

Jaime Augusto Zobel de Ayala Chairman Mr. Zobel, 54, Filipino, has served as Chairman of the Board since December 1996 and a Director since March 1989. He is the Chairman and CEO of Ayala Corporation.He also holds the following positions: Chairman of Bank of the Philippine Islands, and Integrated Micro-Electronics, Inc.; Co-Chairman of Ayala Foundation, Inc.; Vice Chairman of Ayala Land, Inc. and AC Energy Holdings, Inc.; Chairman of Harvard Business School Asia-Pacific Advisory Board and Asia Business Council; Vice Chairman of the Makati Business Club, and member of the Harvard Global Advisory Council, Mitsubishi Corporation International Advisory Committee, JP Morgan International Council, International Business Council of the World Economic Forum; Philippine Representative for APEC Business Advisory Council. He graduated with B.A. in Economics (with honours) degree from Harvard College in 1981 and obtained an MBA from the Harvard Graduate School of Business in 1987.

Gerardo C. Ablaza, Jr. Co-Vice Chairman Mr. Ablaza, 60, Filipino, has served as Director since June 1997. He is a Senior Managing Director of Ayala Corporation and a member of the Ayala Group Management Committee, a post he has held since 1998.He also serves as director for Azalea International Ventures Partners, AsiaCom Philippines, Inc., LiveIt Investment Ltd.; AC Energy Holdings, Inc., Ayala Foundation, Inc. and AG Holdings Limited. Mr. Ablaza is currently the President and CEO of Manila Water Company where he is responsible for overseeing the financial and operational growth within Manila Water's service areas in the Metro Manila east zone and in its expansion areas. From 1998 to April 2009, Mr. Ablaza was the President and CEO of Globe Telecom, Inc. During this period, he took the company from being the fourth-ranked mobile services provider to the second-largest full-service telecom operator with a subscriber base of 25 million in 2008. Before joining the Ayala Group, Mr. Ablaza was Vice-President and Country Business Manager for Philippines and Guam of Citibank, N.A. for its Global Consumer Banking Business. Prior to this, he headed the Credit Payments Products Division of Citibank, N.A. Singapore. In 2004, Mr. Ablaza was recognized by CNBC as the Asia Business Leader of the Year, making him the first Filipino CEO to win the award. In the same year, he was awarded by Telecom Asia as the Best Asian Telecom CEO. In 2013, he was recognized for his consistent leadership and innovation across the banking, investment, telecommunications and utility service industries through the Citi Distinguished Alumni Award for Leadership and Ingenuity. He is the first and the only Filipino to be awarded with such an honor. Mr. Ablaza graduated summa cum laude from the De La Salle University in 1974 with a degree in Liberals Arts, Major in Mathematics (Honors Program). As one of the most accomplished graduates of his alma mater, he sits as a member of the Board of Trustees in various De La Salle schools in the country.

Mark Chong Chin Kok Co-Vice Chairman Mr. Chong, 50, Singaporean, previously served as a Director for one year, from 6 October 2009 to 8 October 2010. He was elected again as Director at the Annual Stockholders' Meeting on 16 April 2013.Mr. Chong was appointed CEO of International, Group Consumer, of Singapore Telecommunications Limited (SingTel) on 14 January 2013 to oversee the growth of SingTel Group's international affiliates, strengthen its relationship with overseas partners, and drive regional initiatives for scale and synergies. Prior to this appointment, he was Chief Operating Officer of Advanced Info Service Plc (AIS), the Group's associate in Thailand, in charge of sales and marketing products, network operations, IT solutions, customer and services management. Mr. Chong graduated with a Bachelor of Electronics Engineering and Master in Research in Electronic Systems from ENSERG, Grenoble, France, and obtained his Master of Business Administration from the National University of Singapore. He is also a senior fellow with the Singapore Computer Society.

Ernest Cu Director, President and CEO Mr. Cu, 53, Filipino, is currently the President and Chief Executive Officer of Globe Telecom, Inc. He has served as Board Director since 2009.Since then, he has been passionately driving a sweeping transformation across the company, ultimately to deliver the superior customer experience, anchored on his primary advocacy of Customer First. Under Mr. Cu's visionary leadership, Globe has progressively risen as a fierce challenger that has successfully wrestled significant market share from competition. In 2010, he was adjudged Best CEO by Finance Asia and was moreover conferred the International Association of Business Communicators (IABC) CEO EXCEL award for communication excellence in telecom and IT. In 2012, Mr. Cu earned international accolade as CEO of the Year by Frost & Sullivan Asia Pacific. In 2013, Ernest was the highest ranked Filipino in the Power 100 of London-based Global Telecoms Business Magazine that recognizes the 100 most influential telecom leaders worldwide. He also earned international accolade in 2012 as CEO of the Year by Frost & Sullivan Asia Pacific. In 2010, he was adjudged Best CEO by Finance Asia. Prior to  joining Globe, he was the President and Chief Executive Officer of SPI Technologies, Inc., where he received the Ernst & Young ICT Entrepreneur of the Year award in 2003. Mr. Cu earned his Bachelor of Science in Industrial Management Engineering from De La Salle University in Manila, and his Master of Business Administration from the J.L. Kellogg Graduate School of Management, Northwestern University.

Delfin L. Lazaro Director Mr. Lazaro, 66, Filipino, has served as Director since January 1997. He is a member of the Management Committee of Ayala Corporation.His other significant positions include: Chairman of Philwater Holdings Company, Inc., Atlas Fertilizer & Chemicals Inc., Chairman and President of Michigan Power, Inc., and A.C.S.T. Business Holdings, Inc.; Chairman of Azalea Intl. Venture Partners, Ltd.; Director of Ayala Land, Inc., Integrated Micro-Electronics, Inc., Manila Water Co., Inc., Ayala DBS Holdings, Inc., AYC Holdings, Ltd., Ayala International Holdings, Ltd., Bestfull Holdings Limited, AG Holdings, AI North America, Inc., Probe Productions, Inc. and Empire Insurance Company; and Trustee of Insular Life Assurance Co., Ltd. He was named Management Man of the Year 1999 by the Management Association of the Philippines for his contribution to the conceptualization and implementation of the Philippine Energy Development Plan and to the passage of the law creating the Department of Energy. He was also cited for stabilizing the power situation that helped the country achieve successive high growth levels up to the Asian crisis in 1997.

Manuel A. Pacis Independent Director Mr. Pacis, 69, Filipino, has served as Independent Director since April 2011. He was formerly a Vice President for Finance of the Procter & Gamble Company (P&G) in Cincinnati, Ohio.He held positions of increasing responsibility in the Philippines, the US, Mexico, China, and Japan including Chief Financial Officer of P&G Asia, and a Global Business Unit (GBU). He also served as Vice President for Internal Controls Worldwide and Financial Systems Worldwide at P&G. His wide-ranging experiences throughout his business career have included leadership roles in corporate governance, strategic planning, internal audit, management systems / IT, M&A, joint ventures, and finance & accounting.

Romeo L. Bernardo Director Mr. Bernardo, 59, Filipino, has served as Director since September 2001. He is Managing Director of Lazaro Bernardo Tiu and Associates (LBT), a financial advisory firm based in Manila. He is also a GlobalSource economist in the Philippines.He is Chairman of ALFM Family of Funds and Philippine Stock Index Fund. He is likewise a director of several companies and organizations including Aboitiz Power, BPI, RFM Corporation, Philippine Investment Management, Inc. (PHINMA), Philippine Institute for Development Studies (PIDS), BPI-Philam Life Assurance Corporation, National Reinsurance Corporation of the Philippines and Institute for Development and Econometric Analysis. He previously served as Undersecretary of Finance and as Alternate Executive Director of the Asian Development Bank. He was an Advisor of the World Bank and the IMF (Washington D.C.). Mr. Bernardo holds a degree in Bachelor of Science in Business Economics from the University of the Philippines (magna cum laude) and a Masters Degree in Development Economics at Williams College from Williams College in Williamstown, Massachusetts.

Tay Soo Meng Director Mr. Tay, 64, Singaporean, was elected as Director on 8 February 2011. He is the Group Chief Technology Officer of Singapore Telecommunications Limited (SingTel) since September 2012.He is responsible for the networks strategy, procurement, planning and operations across both Singapore and Australia (Optus). He also provides engineering support for SingTel's joint venture partners: India (Bharti), Philippines (Globe), Thailand (AIS), and Indonesia (Telkomsel). Prior to this, Mr. Tay was the Managing Director for Optus Networks from 2008 and returned to Singapore as Managing Director, Networks from 2010. Mr. Tay has supported many SingTel's interest across Europe, Mauritius, Norway, Sri Lanka, and Vietnam assisting in the divestment of these operations to focus SingTel in becoming Asia's leading operator. He is a member of the Board of Directors of Next Generation Mobile Networks (NGMN) Ltd. since July 2013. The strategy for NGMN, an alliance of mobile network operators is to drive industry leadership in early standardization process on key mobile technologies. He was the GSM Association's Asia Pacific Chairman in 1997, and was responsible for looking after the interests of GSM operators in the Asia Pacific region. Mr. Tay holds an MBA degree from the University of Leicester (England).

Fernando Zobel de Ayala Director Mr. Zobel, Filipino, 53, has served as Director since October 1995. He is the President and Chief Operating Officer of Ayala Corporation since April 2006.He is also Chairman of Ayala Land, Inc., Manila Water Company, Inc., AC International Finance Ltd., AC Energy Holdings, Inc., and Hero Foundation, Inc.; Co-Chairman of Ayala Foundation, Inc.; Director of Bank of The Philippine Islands, Integrated Micro-Electronics, Inc., LiveIt Investments, Ltd., Ayala International Holdings Limited, Honda Cars Philippines, Inc., Isuzu Philippines Corporation, Pilipinas Shell Petroleum Corp., Manila Peninsula and Habitat for Humanity International; Member of The Asia Society, INSEAD East Asia Council, Chairman of Habitat for Humanity's Asia-Pacific Capital Campaign Steering Committee; and Member of the Board of Trustees of Caritas Manila, Pilipinas Shell Foundation, Kapit Bisig para sa Ilog Pasig Advisory Board and National Museum.

Guillermo D. Luchangco Independent Director Mr. Luchangco, 74, Filipino, has served as Independent Director since September 2001. He is also Chairman and Chief Executive Officer of various companies of the ICCP Group.This includes Investment & Capital Corporation of the Philippines, Science Park of the Philippines, Inc., Pueblo de Oro Development Corp., Cebu Light Industrial Park, Inc., Regatta Properties, Inc., and RFM-Science Park of the Philippines, Inc.; ICCP Venture Partners, Inc. and Manila Exposition Complex, Inc.; Chairman and President of Beacon Property Ventures, Inc.; Independent Director of Phinma Corporation, TransAsia Oil & Energy Development Corporation. and Roxas & Co., Inc.; and a regular Director of Ionics, Inc. and Ionics EMS, Inc.

Rex Ma. A. Mendoza Independent Director Mr. Mendoza, 51, Filipino, was elected Independent Director on 08 April 2014. He is the President and Chief Executive Officer of The Philippine American Life and General Insurance Company (Philam Life).He is also Chairman of The Philam Foundation, Inc. and Vice Chairman of BPI Philam Life Assurance Company, Chairman and President of Rampver Financials, and Director of Philam Properties Corporation, Tower Club, Inc., The Freeport Area of Bataan and Esquire Financing, Inc. Prior to rejoining Philam Life, he was Senior Vice President and Chief Marketing and Sales Officer of Ayala Land, Inc. He was also Chairman of Ayala Land International Sales, Inc., President of Ayala Land Sales, Inc., and Avida Sales Corporation. He currently serves as Director of the Anvaya Beach and Nature Club, Presidentof Abrioin Nuvali, and is a member of the Globe Advisory Council. He has a Master's Degree in Business Management with distinction from the Asian Institute of Management and was one of the 10 Outstanding Graduates of his batch at the University of the Philippines where he obtained a BSBA degree with a double major in marketing and finance. He was awarded Most Distinguished Alumnus of the University of the Philippines' Cesar E.A. Virata School of Business last December 2013. He is also a fellow with distinction at the Life Management Institute of Atlanta, Georgia, USA, a Registered Financial Planner and a four-time member of the Million Dollar Round Table. Rex was a professor of Marketing and Computational Finance at the De La Salle University Graduate School of Business. He taught strategic marketing, services marketing and services strategy. He has served as Chairman of the Marketing Departmentand was awarded as one of the University's most outstanding professors