The Management Team

Mr. Sabin M. Aboitiz, 54 years old, Filipino, was elected director of AEV in May 21, 2018 and has been the Company’s Executive Vice President and Chief Operating Officer since December 18, 2015. He was First Vice President of AEV from May 2014 to May 2015 and Senior Vice President from May to December 2015. Mr. Aboitiz is the Chairman of Weather Philippines Foundation, Inc. (WeatherPhilippines) and Filagri, Inc., and Vice Chairman of AboitizLand. He concurrently serves as Chairman and President of AEV Aviation, Inc. (AEV Av); Director and President & CEO of Pilmico Animal Nutrition Corporation (PANC), Pilmico Foods Corporation (Pilmico), and Aboitiz InfraCapital; Director and President of AEV CRH Holdings, Inc. (AEV CRH); Director ofUnionBank, a publicly-listed company,ACO, RCBM, CRHAboitiz, Apo Agua Infrastructura, Inc. (Apo Agua), PETNET, Inc. (PETNET), Aboitiz Construction International, Inc. (ACII), Aboitiz Construction, Inc. (ACI), Metaphil, Inc., Neptune Hydro, Inc., Republic Cement Services, Inc. (RCSI), and Gold Coin Management Holdings, Ltd. (GCMH); Alternate Director of AboitizPower International Pte. Ltd. (AboitizPower International) and AEV International Pte. Ltd. (AEV International); and Trustee of Aboitiz Foundation. He holds a degree in Business Administration – Finance from Gonzaga University, Spokane, U.S.A. He is not connected with any government agency or instrumentality.

Mr. Enrique M. Aboitiz, 65 years old, Filipino, was appointed Chairman of the Board of Directors on December 11, 2018. He has served as a director of AEV since May 9, 1994, and has been Chairman of the Board Risk and Reputation Management Committee since February 11, 2009, member of the Board Audit and Board Corporate Governance Committees since December 11, 2018, and of the Board Executive Committee since May 21, 2018. He is also the Vice Chairman of the Board of Directors of Aboitiz Power Corporation (AboitizPower), a publicly-listed company, since December 11, 2018, and Vice Chairman of Aboitiz & Company, Inc. (ACO). Mr. Aboitiz graduated with a Bachelor of Science degree in Business Administration, Major in Economics, from Gonzaga University, Spokane, Washington, U.S.A. He is not connected with any government agency or instrumentality.

Mr.Manuel R. Salak III, 59 years old, Filipino,was elected as an independent director of AEV on May 21, 2018. On the same date, he was appointed as Chairman of the Board Related Party Transactions Committee, and member of the Board Corporate Governance Committee, Board Audit Committee, and Board Risk and Reputation Management Committee. Mr. Salak is currently the Senior Strategic Advisor of ING Bank N.V. Philippines, the Founder and Managing Principal of Alpha Primus Advisors, an independent director at Maxicare Philippines, and a member of the Board of Trustees of the Asian Institute of Management. Mr. Salak previously served as the Managing Director, Head of Clients Coverage and Corporate Finance –Asia of ING Bank N.V. from 2008 to 2017, Managing Director and Country Head Philippines of ING Bank N.V. from 1999 to July 2008, and Managing Director and Head of Corporate & Investment Banking of ING Barings Philippines from 1999 to 2000. Mr. Salak earned his Bachelor of Science Degree in Economics(Honorable Mention) from the Ateneo de Manila University and completed his Master’s degree in Business Management from the Asian Institute of Management (AAA Awardee). He also completed several executive and management courses, including the Senior Executive Management Course and ING Business Manager Program from the ING Business School, Hamskerk, Netherlands, the Institut Européen d’Administration des Affaires (INSEAD) Leadership Development Workshop in Singapore, and the Advanced Management Program from Harvard Business School in Boston U.S.A. He is not a director of any other publicly-listed company. He is not connected with any government agency or instrumentality.

Justice Jose C. Vitug (ret.), 84 years old, Filipino, has served as an independent director of AEV since May 16, 2005. He is Chairman of the Board Audit Committee of AEV since May 18, 2009, member of the Board Corporate Governance Committee since February 11, 2009, the Board Risk and Reputation Management Committee since May 18, 2015, and the Board Related Party Transactions Committee since May 15, 2017. Justice Vitug (ret.) is also an independent director of ABS-CBN Holdings Corporation, a publicly-listed company. He is currently a Board Trustee and Law Dean of the Angeles University Foundation, the Chairman of the Board of Trustees of Angeles University Foundation Medical Center, a Graduate Professor of the College of Law of San Beda College, a Professorial Lecturer of the Philippine Judicial Academy, and a member of the Philippine National Group of Judges of the Permanent Court of Arbitration at the Hague, Netherlands since August 18, 2017 for a term of seven years. Justice Vitug (ret.) wasformerly an Associate Justice of the Supreme Court, Chairman of the House of Representatives Electoral Tribunal, and Senior Member of the Senate Electoral Tribunal. He was also the Chairman of the Philippines Stock Exchange, Inc. He graduated cum laude from the Manuel L. Quezon University with a Bachelor’sDegree in Law.He holds a Master of Laws degree from the same university and a Master’s Degree in National Security Administration from the National Defense College of the Philippines. He was a Fellow of the Commonwealth Judicial Institute of Canada. He also holds an Honorary Doctorate Degree of Law from the Angeles University Foundation. He is not connected, either as an officer or as an employee, to a government agency or instrumentality.

Mr.Raphael P.M. Lotilla,60 years old, Filipino,has served as an independent director of AEV since May 21, 2012 and was elected as Lead Independent Director of AEV on May 15, 2017. He has been a member of the Board Audit Committee, and the Board Corporate Governance Committee since May 21, 2012, the Board Risk and Reputation Management Committee since May 18, 2015, and the Board Related Party Transactions Committee since May 15, 2017. Mr. Lotilla is also an independent director of Trans Asia Petroleum Corporation, a publicly-listed company, Petron Foundation, Inc., and First Metro Investment, Inc. He is also the Chairman of the Board of Trustees of the Center for the Advancement of Trade Integration and Facilitation, and The Asia-Pacific Pathways to Progress Foundation, Inc. Mr. Lotilla previously served the Philippine government in various capacities – Secretary of Energy; President and Chief Executive Officer (CEO) of Power Sector Assets and Liabilities Management Corporation; Deputy DirectorGeneral of the National Economic and Development Authority; Ex-officio Chairman of the Philippines National Oil Company; Vice Chairman of the Boards of the National Power Corporation and the National Transmission Corporation, among others. Mr. Lotilla earned his degrees in Bachelor of Science in Psychology and Bachelor of Arts in History from the University of the Philippines. He obtained his Bachelor of Laws degree from the same university where he became a Professor of Law. He holds a Master of Laws degree from the University ofMichigan LawSchool, U.S.A. He currently serves as amember of the Board of Trustees of the Philippine Institute for Development Studies.

Ms. Susan V. Valdez, 58 years old, Filipino, is the Senior Vice President and Chief Human Resources Officer of AEV effective January 1, 2019. She held various executive positions at AEV for the past seven years; namely, Senior Vice President and Chief Corporate Services Officer, Chief Reputation and Risk Management Officer and Chief Reputation Officer. Ms. Valdez is the Senior Vice President and Chief Reputation and Risk Management Officer of AboitizPower, a publicly-listed company. She is an ex-officio member of AEV Board Corporate Governance Committee since January 1, 2019 and AboitizPower Board Risk & Reputation Committee since May 21, 2012. She is currently President and Trustee of Aboitiz Foundation and WeatherPhilippines. Before joining AEV in September, 2011, she held various executive positions for 15 years in Aboitiz Transport Systems Corporation (ATSC) (now 2GO Group, Inc., a publicly-listed company), as Chief Finance Officer, Chief Information Officer, and Chief Operating Officer of its freight and supply chain business units. Ms. Valdez s a Certified Public Accountant, and graduated cumlaude from St. Theresa’s College with a degree of Bachelor of Science in Commerce, Major in Accounting. She earned her Master’s degree in Business Management from the University of the Philippines, and completed a program on Management Development at Harvard Business School. She is not connected with any government agency or instrumentality. She is not a director of any publicly-listed company.

Mr. Manuel Alberto R. Colayco, 49 years old, Filipino, was appointed as AEV’s Corporate Secretary and Chief Compliance Officer on March 1, 2018. He is concurrently the First Vice President and Chief Legal Officer of AEV since July 11, 2016, and Corporate Secretary of AboitizPower, a publicly-listed company,since March 1, 2018. Mr. Colayco has practiced in the areas of corporate law, mergers and acquisitions, joint ventures, securities regulation, corporate and financial restructuring, and litigation. Priorto joining the AboitizGroup, Mr. Colayco acted as an independent legal consultant providing professional advice, representation, and transactional assistance to private companies and individuals. His previous work experience includes: General Counsel for AGP International Holdings Ltd. and Atlantic, Gulf & Pacific Company of Manila, Inc. from August 2013 to December 2014; Executive Director and Assistant General Counsel of J.P. Morgan Chase Bank N.A. from July 2010 to August 2013; and Vice President and Legal Counsel of DKR Oasis (Hong Kong) LLC, a private investment management firm, from August 2007 until March 2010. He was an Associate at Skadden, Arps, Slate, Meagher & Flom, LLP from 2000 to 2007, and at Romulo Mabanta Buenaventura Sayoc & De Los Angeles from 1996 to 2000. Mr. Colayco earned his undergraduate and Juris Doctor degrees from the Ateneo de Manila University. He also has a Master of Laws degree from the New York University School of Law, U.S.A. He is not connected with any government agency or instrumentality. He is also not a director of any publicly-listed company.

Ms. Santanina Apolinaria B. Castro is appointed as the Company’s First Vice President- Risk Management effective January 1, 2020 to assume the functions of Ms. Natividad and to perform the functions of the Company’s Chief Risk Officer.

Ms. Castro, 44 years old, Filipino, is currently the Vice President for Corporate Strategy and Business Development of Pilmico Foods Corporation.

Prior to joining the Aboitiz Group, she was connected with ABS-CBN Corporation from 2007 to 2011as Corporate Planning Manager as part of the team that established the corporate planning function and institutionalized strategic planning process for the ABS-CBN group of companies. Before joining ABS-CBNs, he was a Senior Planning Analyst at San Miguel Purefoods Company from 2002 to 2007, where she supported the domestic and regional business units in exploring new, high-growth value-added market segments in line with the group’s expansion. She was also connected with Arthur Andersen (SGV&Co) – Corporate Finance as Senior Associate from 1996 to 2002.

She received her Master’s degree in Business Administration from the University of the Philippines Diliman and a Bachelor of Arts degree in Management Economics from the Ateneo de Manila University.

Mr. Sabin M. Aboitiz, 54 years old, Filipino, was elected director of AEV in May 21, 2018 and has been the Company’s Executive Vice President and Chief Operating Officer since December 18, 2015. He was First Vice President of AEV from May 2014 to May 2015 and Senior Vice President from May to December 2015. Mr. Aboitiz is the Chairman of Weather Philippines Foundation, Inc. (WeatherPhilippines) and Filagri, Inc., and Vice Chairman of AboitizLand. He concurrently serves as Chairman and President of AEV Aviation, Inc. (AEV Av); Director and President & CEO of Pilmico Animal Nutrition Corporation (PANC), Pilmico Foods Corporation (Pilmico), and Aboitiz InfraCapital; Director and President of AEV CRH Holdings, Inc. (AEV CRH); Director ofUnionBank, a publicly-listed company,ACO, RCBM, CRHAboitiz, Apo Agua Infrastructura, Inc. (Apo Agua), PETNET, Inc. (PETNET), Aboitiz Construction International, Inc. (ACII), Aboitiz Construction, Inc. (ACI), Metaphil, Inc., Neptune Hydro, Inc., Republic Cement Services, Inc. (RCSI), and Gold Coin Management Holdings, Ltd. (GCMH); Alternate Director of AboitizPower International Pte. Ltd. (AboitizPower International) and AEV International Pte. Ltd. (AEV International); and Trustee of Aboitiz Foundation. He holds a degree in Business Administration – Finance from Gonzaga University, Spokane, U.S.A. He is not connected with any government agency or instrumentality.

Mr. Erramon I. Aboitiz, 62 years old, Filipino, has served as President & Chief Executive Officer of AEV since January 5, 2009. He has been a director of AEV since May 9, 1994, member of the Board Risk and Reputation Management Committee since May 18, 2015, and Chairman of the Board Executive Committee since May 21, 2018. Mr. Aboitiz was the Executive Vice President and Chief Operating Officer of AEV from 1994 to December 2008.

Mr. Aboitiz is the President and Chief Executive Officer of AboitizPower, a publicly-listed company. Mr. Aboitiz is also President and Chief Executive Officer of ACO;Chairman of the Board of Directors of the following companies: Aboitiz Infracapital, Inc. (Aboitiz InfraCapital), Aboitiz Land, Inc. (AboitizLand), San Fernando Electric Light & Power Co., Inc. (SFELAPCO), the SN Aboitiz Power Group, Therma Power, Inc., CRH Aboitiz Holdings, Inc. (CRH Aboitiz), and Aboitiz Renewables, Inc. He is Vice Chairman of Republic Cement & Building Materials, Inc. (RCBM), and of Union Bank of the Philippines(UnionBank), a publicly-listed company.He is also Chairman of UnionBank’s Executive Committee and Nomination Committee. Lastly, he is Chairman of the Board of Trustees of Aboitiz Foundation, Inc. (Aboitiz Foundation), and is a director of the Philippine Disaster Recovery Foundation. Mr. Aboitiz was awarded the Management Association of the Philippines Management Man of the Year and Ernst & Young’s Entrepreneur of the Year both in 2011. Mr.Aboitiz earned a Bachelor of Science degree in Business Administration, Major in Accounting and Finance, from Gonzaga University, Spokane, Washington, U.S.A. He was also conferred an Honorary Doctorate Degree in Management by the Asian Institute of Management. He is not connected with any government agency or instrumentality.

Mr. Mikel A. Aboitiz, 64 years old, Filipino, was appointed Vice Chairman of the Board of Directors on December 11, 2018. He has served as a director of AEV since May 15, 2017 and was formerly Senior Vice President of AEV from 2004 to 2015. He is currently a member of AEV’s Board Audit Committee and Board Corporate Governance Committee, positions which he held since May 2017. He is also a member of the Board Executive Committee since May 21, 2018 and of the Board Risk and Reputation Management Committee since December 11, 2018. He has been director of AboitizPower, a publicly-listed company, since February 13, 1998, and was appointed as its Chairman of the Board of Directors on September 1, 2018. He was formerly Vice Chairman of the Board of City Savings Bank, Inc. (CitySavings) from 2015 to 2016 and President and CEO from 2001 to 2014. He is currently a Chairman of ACO and a trustee and Vice Chairman of Ramon Aboitiz Foundation, Inc. (RAFI). He holds a degree in Bachelor of Science,Majorin BusinessAdministration, from GonzagaUniversity, Spokane,Washington,U.S.A.Heisnot connected with any government agency or instrumentality.

Mr. Enrique M. Aboitiz, 65 years old, Filipino, was appointed Chairman of the Board of Directors on December 11, 2018. He has served as a director of AEV since May 9, 1994, and has been Chairman of the Board Risk and Reputation Management Committee since February 11, 2009, member of the Board Audit and Board Corporate Governance Committees since December 11, 2018, and of the Board Executive Committee since May 21, 2018. He is also the Vice Chairman of the Board of Directors of Aboitiz Power Corporation (AboitizPower), a publicly-listed company, since December 11, 2018, and Vice Chairman of Aboitiz & Company, Inc. (ACO). Mr. Aboitiz graduated with a Bachelor of Science degree in Business Administration, Major in Economics, from Gonzaga University, Spokane, Washington, U.S.A. He is not connected with any government agency or instrumentality.

Mr.Manuel R. Salak III, 59 years old, Filipino,was elected as an independent director of AEV on May 21, 2018. On the same date, he was appointed as Chairman of the Board Related Party Transactions Committee, and member of the Board Corporate Governance Committee, Board Audit Committee, and Board Risk and Reputation Management Committee. Mr. Salak is currently the Senior Strategic Advisor of ING Bank N.V. Philippines, the Founder and Managing Principal of Alpha Primus Advisors, an independent director at Maxicare Philippines, and a member of the Board of Trustees of the Asian Institute of Management. Mr. Salak previously served as the Managing Director, Head of Clients Coverage and Corporate Finance –Asia of ING Bank N.V. from 2008 to 2017, Managing Director and Country Head Philippines of ING Bank N.V. from 1999 to July 2008, and Managing Director and Head of Corporate & Investment Banking of ING Barings Philippines from 1999 to 2000. Mr. Salak earned his Bachelor of Science Degree in Economics(Honorable Mention) from the Ateneo de Manila University and completed his Master’s degree in Business Management from the Asian Institute of Management (AAA Awardee). He also completed several executive and management courses, including the Senior Executive Management Course and ING Business Manager Program from the ING Business School, Hamskerk, Netherlands, the Institut Européen d’Administration des Affaires (INSEAD) Leadership Development Workshop in Singapore, and the Advanced Management Program from Harvard Business School in Boston U.S.A. He is not a director of any other publicly-listed company. He is not connected with any government agency or instrumentality.

Justice Jose C. Vitug (ret.), 84 years old, Filipino, has served as an independent director of AEV since May 16, 2005. He is Chairman of the Board Audit Committee of AEV since May 18, 2009, member of the Board Corporate Governance Committee since February 11, 2009, the Board Risk and Reputation Management Committee since May 18, 2015, and the Board Related Party Transactions Committee since May 15, 2017. Justice Vitug (ret.) is also an independent director of ABS-CBN Holdings Corporation, a publicly-listed company. He is currently a Board Trustee and Law Dean of the Angeles University Foundation, the Chairman of the Board of Trustees of Angeles University Foundation Medical Center, a Graduate Professor of the College of Law of San Beda College, a Professorial Lecturer of the Philippine Judicial Academy, and a member of the Philippine National Group of Judges of the Permanent Court of Arbitration at the Hague, Netherlands since August 18, 2017 for a term of seven years. Justice Vitug (ret.) wasformerly an Associate Justice of the Supreme Court, Chairman of the House of Representatives Electoral Tribunal, and Senior Member of the Senate Electoral Tribunal. He was also the Chairman of the Philippines Stock Exchange, Inc. He graduated cum laude from the Manuel L. Quezon University with a Bachelor’sDegree in Law.He holds a Master of Laws degree from the same university and a Master’s Degree in National Security Administration from the National Defense College of the Philippines. He was a Fellow of the Commonwealth Judicial Institute of Canada. He also holds an Honorary Doctorate Degree of Law from the Angeles University Foundation. He is not connected, either as an officer or as an employee, to a government agency or instrumentality.

Mr.Raphael P.M. Lotilla,60 years old, Filipino,has served as an independent director of AEV since May 21, 2012 and was elected as Lead Independent Director of AEV on May 15, 2017. He has been a member of the Board Audit Committee, and the Board Corporate Governance Committee since May 21, 2012, the Board Risk and Reputation Management Committee since May 18, 2015, and the Board Related Party Transactions Committee since May 15, 2017. Mr. Lotilla is also an independent director of Trans Asia Petroleum Corporation, a publicly-listed company, Petron Foundation, Inc., and First Metro Investment, Inc. He is also the Chairman of the Board of Trustees of the Center for the Advancement of Trade Integration and Facilitation, and The Asia-Pacific Pathways to Progress Foundation, Inc. Mr. Lotilla previously served the Philippine government in various capacities – Secretary of Energy; President and Chief Executive Officer (CEO) of Power Sector Assets and Liabilities Management Corporation; Deputy DirectorGeneral of the National Economic and Development Authority; Ex-officio Chairman of the Philippines National Oil Company; Vice Chairman of the Boards of the National Power Corporation and the National Transmission Corporation, among others. Mr. Lotilla earned his degrees in Bachelor of Science in Psychology and Bachelor of Arts in History from the University of the Philippines. He obtained his Bachelor of Laws degree from the same university where he became a Professor of Law. He holds a Master of Laws degree from the University ofMichigan LawSchool, U.S.A. He currently serves as amember of the Board of Trustees of the Philippine Institute for Development Studies.

Mr. Manuel R. Lozano, 48 years old, Filipino, has been Senior Vice President/Chief Financial Officer/Chief Information Officer of AEV since May 18, 2015. He is also an Ex-officio Member of the Board Risk and Reputation Management Committee since May 18, 2015. Mr. Lozano is currently Senior Vice President – Finance of ACO, and treasurer of AboitizConstruction,Inc.(ACI);trustee and treasurer of Aboitiz Foundation; Chief Financial Officer and treasurer of Apo Agua; Chairman of the Board and Chief Executive Officer of Lima Water Corporation; Director, treasurer/Chief Financial Officer of Aboitiz InfraCapital; director and Vice President of AEV Aviation; director and treasurer of AEV CRH, CFO/treasurer of Archipelago Insurance; Director of PANC, Pilmico, RCBM, UnionBank, a publicly-listed company; and alternate director of AEV International, Pilmico International Pte. Ltd. (Pilmico International) and AboitizPower International. Mr. Lozano was First Vice President and Chief Financial Officer/Corporate Information Officer of AboitizPower, a publicly-listed company, from 2014 to 2015; and was First Vice President – Chief Financial Officer of AboitizPower Generation from 2008 to 2013. Before joining the Aboitiz Group, he was the Chief Financial Officer and a director of Paxys, Inc., a publicly-listed company, focused on the business process outsourcing industry and other IT-related sectors within the Asia Pacific region. He was also a director of Corporate Finance & Investment at NGL Pacific Ltd., a Regional Operating Headquarter related to the Usaha Tegas group of Malaysia. He also held various positions in financial institutions including Jardine Fleming & CLSA. He earned his Bachelor of Science in Business Administration degree from the University of the Philippines – Diliman and his Master’s Degree in Business Administration from The Wharton School of the University of Pennsylvania, U.S.A. He is not connected with any government agency or instrumentality.

Mr. David Jude L. Sta. Ana, 51 years old, Filipino, was appointed Senior Vice President and Chief External Affairs Officer last October 1, 2018. Prior to his appointment, he was First Vice President for Government Relations since September 1, 2016.

Mr. Sta. Ana brings to the Group his experience in broadcast, digital, and print media, with focus on major news coverage, crisis management, planning, and operations. Prior to joining AEV, he was the Head for News Operations of TV5 Network, Inc. where he handled the day to day operations of the Philippines’ third largest television network, including news gathering and content generation for its television, radio and digital platforms. Mr. Sta. Ana also served as news director handling the control, operational and administrative responsibilities for news gathering for two of the country’s major broadcast organizations, namely ABS-CBN Broadcasting Corporation and GMA Network, Inc., both publicly-listed companies.

Mr. Sta Ana earned his Bachelor’s Degree in Journalism from the University of the Philippines – Diliman. He also completed the Newsroom Operation and Newsroom Management Training conducted by the U.S. Radio and Television News Directors Association in Los Angeles, California, U.S.A. He is not connected with any government agency or instrumentality. He is

also not a director of any publicly-listed company.

Mr. Enrique M. Aboitiz, 65 years old, Filipino, was appointed Chairman of the Board of Directors on December 11, 2018. He has served as a director of AEV since May 9, 1994, and has been Chairman of the Board Risk and Reputation Management Committee since February 11, 2009, member of the Board Audit and Board Corporate Governance Committees since December 11, 2018, and of the Board Executive Committee since May 21, 2018. He is also the Vice Chairman of the Board of Directors of Aboitiz Power Corporation (AboitizPower), a publicly-listed company, since December 11, 2018, and Vice Chairman of Aboitiz & Company, Inc. (ACO). Mr. Aboitiz graduated with a Bachelor of Science degree in Business Administration, Major in Economics, from Gonzaga University, Spokane, Washington, U.S.A. He is not connected with any government agency or instrumentality.

Mr. Erramon I. Aboitiz, 62 years old, Filipino, has served as President & Chief Executive Officer of AEV since January 5, 2009. He has been a director of AEV since May 9, 1994, member of the Board Risk and Reputation Management Committee since May 18, 2015, and Chairman of the Board Executive Committee since May 21, 2018. Mr. Aboitiz was the Executive Vice President and Chief Operating Officer of AEV from 1994 to December 2008.

Mr. Aboitiz is the President and Chief Executive Officer of AboitizPower, a publicly-listed company. Mr. Aboitiz is also President and Chief Executive Officer of ACO;Chairman of the Board of Directors of the following companies: Aboitiz Infracapital, Inc. (Aboitiz InfraCapital), Aboitiz Land, Inc. (AboitizLand), San Fernando Electric Light & Power Co., Inc. (SFELAPCO), the SN Aboitiz Power Group, Therma Power, Inc., CRH Aboitiz Holdings, Inc. (CRH Aboitiz), and Aboitiz Renewables, Inc. He is Vice Chairman of Republic Cement & Building Materials, Inc. (RCBM), and of Union Bank of the Philippines(UnionBank), a publicly-listed company.He is also Chairman of UnionBank’s Executive Committee and Nomination Committee. Lastly, he is Chairman of the Board of Trustees of Aboitiz Foundation, Inc. (Aboitiz Foundation), and is a director of the Philippine Disaster Recovery Foundation. Mr. Aboitiz was awarded the Management Association of the Philippines Management Man of the Year and Ernst & Young’s Entrepreneur of the Year both in 2011. Mr.Aboitiz earned a Bachelor of Science degree in Business Administration, Major in Accounting and Finance, from Gonzaga University, Spokane, Washington, U.S.A. He was also conferred an Honorary Doctorate Degree in Management by the Asian Institute of Management. He is not connected with any government agency or instrumentality.

Mr. Sabin M. Aboitiz, 54 years old, Filipino, was elected director of AEV in May 21, 2018 and has been the Company’s Executive Vice President and Chief Operating Officer since December 18, 2015. He was First Vice President of AEV from May 2014 to May 2015 and Senior Vice President from May to December 2015. Mr. Aboitiz is the Chairman of Weather Philippines Foundation, Inc. (WeatherPhilippines) and Filagri, Inc., and Vice Chairman of AboitizLand. He concurrently serves as Chairman and President of AEV Aviation, Inc. (AEV Av); Director and President & CEO of Pilmico Animal Nutrition Corporation (PANC), Pilmico Foods Corporation (Pilmico), and Aboitiz InfraCapital; Director and President of AEV CRH Holdings, Inc. (AEV CRH); Director ofUnionBank, a publicly-listed company,ACO, RCBM, CRHAboitiz, Apo Agua Infrastructura, Inc. (Apo Agua), PETNET, Inc. (PETNET), Aboitiz Construction International, Inc. (ACII), Aboitiz Construction, Inc. (ACI), Metaphil, Inc., Neptune Hydro, Inc., Republic Cement Services, Inc. (RCSI), and Gold Coin Management Holdings, Ltd. (GCMH); Alternate Director of AboitizPower International Pte. Ltd. (AboitizPower International) and AEV International Pte. Ltd. (AEV International); and Trustee of Aboitiz Foundation. He holds a degree in Business Administration – Finance from Gonzaga University, Spokane, U.S.A. He is not connected with any government agency or instrumentality.

Edwin R. Bautista, 58 years old, Filipino, was elected director of AEV on September 1, 2018 and appointed as member of the Board Executive Committee on the same date. He is also currently a Director and the President and CEO of UnionBank, a publicly-listed company, the Chairman ofthe Board ofDirectors of CitySavings, and aDirectorinUnion Properties, Inc., First Union Plans, Inc., and First Union Direct Corp. Prior to joining AEV as director, Mr. Bautista also served UnionBank in various capacities: as Chief Operating Officer from January 1, 2016 to December 31, 2017, Senior Executive Vice President from 2011 to 2015, Executive Vice President from 2001 to 2011, and Senior Vice President from 1997 to 2001. Mr. Bautista earned his Bachelor of Science in Mechanical Engineering degree from the De La Salle University. He also completed the Advance Management ProgramattheHarvard Business School.He is not connected with any government agency or instrumentality.

Mr. Mikel A. Aboitiz, 64 years old, Filipino, was appointed Vice Chairman of the Board of Directors on December 11, 2018. He has served as a director of AEV since May 15, 2017 and was formerly Senior Vice President of AEV from 2004 to 2015. He is currently a member of AEV’s Board Audit Committee and Board Corporate Governance Committee, positions which he held since May 2017. He is also a member of the Board Executive Committee since May 21, 2018 and of the Board Risk and Reputation Management Committee since December 11, 2018. He has been director of AboitizPower, a publicly-listed company, since February 13, 1998, and was appointed as its Chairman of the Board of Directors on September 1, 2018. He was formerly Vice Chairman of the Board of City Savings Bank, Inc. (CitySavings) from 2015 to 2016 and President and CEO from 2001 to 2014. He is currently a Chairman of ACO and a trustee and Vice Chairman of Ramon Aboitiz Foundation, Inc. (RAFI). He holds a degree in Bachelor of Science,Majorin BusinessAdministration, from GonzagaUniversity, Spokane,Washington,U.S.A.Heisnot connected with any government agency or instrumentality.