Investement Funds NET ASSET VALUE As of March 4, 2010 As of March 5, 2010 ALFM Peso Bond Fund 245.02 245.01 ALFM Dollar Bond Fund 330.22 330.40 Philippine Stock Index Fund 335.04 332.21 The above investment funds are mutual funds and are also available to Ayala Life’s variable life insurance contracts. Express Unit Link (Peso & Dollar) and Wealth Link (Peso & Dollar) are variable life insurance contracts regulated by the Insurance Commission.