Philweb Board approval of change in par value; Special Stockholders' Meeting on August 14, 2009

Source: www.pse.com.ph

Gentlemen:
In accordance with the Revised Rules of Disclosure, we would like to inform the
Exchange that the company’s Board of Directors, in its organizational meeting held today,adopted a resolution to amend the Articles of Incorporation, to increase the par value of the shares from one centavo (Php0.01) to one peso (Php1.00), and called for a special stockholders’ meeting to approve such amendment, on August 14, 2009.