Other Investments

Benpres has investments in non-core business, including health care delivery, property development and New Economy ventures.

Rockwell

Rockwell Land Corporation started development of Rockwell Center, a 15-hectare inner city project in Makati that was once a Meralco thermal power plant, in May 1995. The project is owned 24.5% by Benpres, 24.5% by FPHC and 51% by Meralco, which contributed the land as its share of the equity.

The project will be developed in two phases. The first phase covers the development of about two-thirds of the property into a mixed-use subdivision consisting of four high-rise residential buildings, a luxury hotel, a 50-storey office tower and a retail center called The Power Plant. Phinma and Nestle Corporation have transferred their head offices to Rockwell Center. The first phase is also home to the relocated Ateneo Professional Schools, which opened in November 1998, and a sports and leisure club called Rockwell Leisure Club.

The second phase - most likely comprised of serviced apartments and condotels - is still in the drawing boards.

eLopez

eLopez represents the Lopez Group's initiatives in the New Economy. eLopez ventures include:

BayanTrade Dotcom, Inc. or "BayanTrade" is a business-to-business (B2B) electronic marketplace. It is engaged in catalogue buying and auctions. Electronic catalogues for approximately 6,000 items are now available online, mainly office supplies, stationery, personal computers and computer consumables. A joint venture participated in by the country's largest conglomerates, Benpres co-owns BayanTrade with Ayala Corporation, JG Summit Holdings, Inc., Philippine Long Distance Telephone Co., Aboitiz Equity Ventures, Inc., and United Laboratories, Inc.

BayanMAP Corporation provides enhanced geographic information systems (GIS). BayanMAP adds value to the globally-available GIS, which allows users to visualize data, by giving its clients precision technology for marketing, sales, research, asset management and other purposes. BayanMAP can be accessed through the Internet or via WAP (wireless application protocol). BayanMAP services can be used for target marketing and selling and as a location finder for new outlets. It also has applications for asset and field force management, best-route and best-coverage planner, research and trends analysis, security and maintenance and real estate development and zoning. In April 2001, BayanMAP purchased majority shares in FindME.com, [note: pls link to www.findme.com.ph] a location-based content provider. The purchase expands BayanMAP's GIS capability for Web and WAP-based real-time tracking for its associated service known as BayanTrack. Using GSM (global standard for mobile communications) and GPS (global positioning system) technology, this new service is ideal for fleet vehicle operation, personnel security, delivery operations, traffic monitoring and personnel and in-vehicle navigation.