BENPRES HOLDINGS CORPORATION

Working ahead of the pack, Benpres began executing a convergence strategy aimed at harnessing its substantial communications and utilities assets, so as to provide optimum value for its shareholders and for the customers of its public service companies -- here at home and overseas.
Board of Directors
	Oscar M. Lopez Chairman and CEO Oscar M. Lopez assumed the presidency in 1999 and has chaired the company's board since inception. He received a Bachelor of Arts degree from Harvard College and a Masters degree in Public Administration from Harvard University. He is chairman and chief executive officer of First Philippine Holdings Corporation (FPHC), since 1986, and chairman and president of Lopez, Inc. (since 1999) and chairman of among others, First Philippine Infrastructure Development Corporation (FPIDC), Manila North Tollways Corporation (MNTC), Maynilad Water Services, Inc., Sierra Tours, Bayan Telecommunications Holdings Corporation (BayanTel), Sky Vision Corporation and RCPI. He is vice chairman of the board at Rockwell Land Corporation and is a director of ABS-CBN Broadcasting Corporation.
	Manuel M. Lopez Vice Chairman Manuel M. Lopez is a holder of a Bachelor of Science degree in Business Administration and attended the Program for Management Development at the Harvard Business School. He is the chairman of Manila Electric Company (Meralco), chairman of the board at Rockwell Land, and is a director of among others, ABS-CBN, MNTC, Sierra Tours, FPIDC, FPHC, BayanTel, Sky Vision and Lopez, Inc. He was president of Meralco from 1986 to June 2001.
	Eugenio L. Lopez, III Director and Treasurer Eugenio L. Lopez III has been director and treasurer of the company since inception. Je received a Bachelor of Arts degree in Political Science from Bowdoin College and a Masters degree in Business Administration from the Harvard Business School. He has been chairman and chief executive officer of ABS-CBN since 1997, president and director of Sky Vision, vice-chairman of the board at BayanTel and vice chairman and president of RCPI, among others. He was president of ABS-CBN from 1993 to 1997.
	Washington Z. Sycip Director Washington Z. SyCip has been director of the company since 1996. He is the independent director. He received a Bachelor of Science degree in Commerce from the University of Sto. Tomas and a Master of Science degree in Commerce from Columbia University. He is chairman of the board of trustees and board of governors of the Asian Institute of Management, and Honorary Chairman of Euro-Asia Centre, INSEAD of France. He is also a member of the Board of Overseers of the Columbia University Graduate School of Business, and a board member of the Joseph H. Louder Institute of Management and International Studies, University of Pennsylvania.
	Vicente T. Paterno Director Vicente T. Paterno was elected as an independent director of the company in February 2004. He received a Bachelor of Science degree in Mechanical Engineering from the University of the Philippines and a Masters Degree in Business Administration (with distinction) from Harvard University. He was a member of the Philippines cabinet (1970-1980, 1986) and of the Philippine Senate (1987-1992). He is the founding chairman of Philippine Seven Corporation and chairman of Phil-Seven Holdings Corporation.
	Felipe B. Alfonso Director and Executive Vice President - Human Resource Development Felipe B. Alfonso has been a director of the company since 1996. He has been EVP – Human Resource Development since January 2001. He received a Bachelor of Laws degree from the Ateneo de Manila University and a Masters degree in Business Administration from New York University . He has been co-vice chairman of the Board of Trustees of the Asian Institute of Management (AIM) since 1999 ., chairman of Meralco and a director of Jollibee Foods Corporation and First Metro Investment Corporation, among others. He is also director general of the Philippine Committee of the Pacific Basin Economic Council. He was AIM president from June 1990 to 1999. He is currently vice chairman of Meralco.
	Angel S. Ong Director, President and COO Angel S. Ong was elected director and president and chief operating office in 2004. He was the company's EVP-chief financial officer from 2001 to 2004 and vice president for finance from 1998-2000. He received his Bachelor of Science in Commerce degree from the Philippine College of Commerce and Masters degree in Business Administration from the University of the Philippines . Prior to joining the company, he was vice president for finance of BayanTel .