The Philodrill Corporation

Philodrill celebrates its 40th year (1969-2009) in petroleum exploration industry!

Mining Sector:

In the mining sector, the Company holds minor equity interests in the following companies:

Atlas Consolidated Mining and Development Corporation (ACMDC)
- www.atlasphilippines.com
Vulcan Industrial and Mining Corporation (VIMC)
United Paragon Mining Corporation (UPMC)
- www.unitedparagon.com

Financial Sector:

Penta Capital Investment Corporation (PCIC), where the company has a 40% equity

interest, posted a consolidated net income of P24.4 million in 2008, 20% higher than the

2007 profit level of P20.3 million. Gross revenues increased to P93.1 million in 2008

from P84.0 million in 2007.