Cebu Holdings Inc. announced that the Board of Directors, at its meeting held on July 16, 2012, accepted the resignation of Ms. Natividad N. Alejo as its director and Treasurer; and elected Ms. Maria Theresa Marcial-Javier as director and Treasurer for the remaining term. Ms. Javier will also act as a member of the Executive Committee and the Compensation Committee. Ms. Javier, 42, Filipino, is the Group Head of the Asset Management and Trust Group of Bank of the Philippine Islands (BPI), a position she assumed since 2009. She joined BPI in 1995. She serves as Director of the following corporations: BP! Investment Management Inc., McCann World Group Philippines Inc., Fintee Holdings Inc., Phase II Holdings Inc., and Roxas Land Corporation. She is also a Director of the following mutual fund companies: ALFM Peso Bond Fund, ALFM Dollar Bond Fund, ALFM Euro Bond Fund, ALFM Money Market Fund, ALFM Growth Fund, and Philippine Stock Index Fund Inc. She served as President of the Trust Officers Association of the Philippines in 2011, President of the Fund Managers Association of the Philippines in 2009 and 2010, and presently a Member of the Board of Senior Advisers of both associations.