We received a copy of an email written by Robert Sears, Executive Director of the American Chamber of Commerce of the Philippines. We recognize the importance of the Sustaining Members to I.S.M. and welcome their participation during these times.



From: "AmCham Phils."
To: info@ismstakeholders.com
Date: 06 Sep 2006, 03:01:47 PM
Subject: Letter from RMS

9/6/06

Dear ISMstakeholders:

In the current crisis of corporate governance at ISM, we applaud your website for excellence in providing information on a rapidly-developing situation.

We note that of the buttons on the website, there is none for the category of "sustaining" members?

AmCham has been a strong supporter of the American School and its successor International School Manila since its founding in 1920.

We wish to state to all parents, all teachers and staff, all students and all alumni, all trustees and all members of the ISM Corporation that AmCham is a stakeholder of ISM. The American business community has a vital interest in ISM as a school offering high-quality American-style education to the American, foreign and Filipino communities.

In the interest of transparency, there follows a list of 26 sustaining members as provided by the Board of Trustees in June 2006.

ISM Sustaining Members:

1. American Embassy
2. American Chamber of Commerce of the Phils.
3. American President Lines
4. Asian Development Bank
5. A. Soriano Corporation
6. ATR Kim Eng Financial Corporation
7. Bank of America NT & SA
8. Bank of the Philippine Islands
9. Caltex (Philippines) Inc.
10. C.F. Sharp Group of Companies
11. Citibank NA
12. Colgate-Palmolive Philippines, Inc.
13. Everett Steamship Corporation
14. Exxon Mobil Philippines, Inc.
15. General Electric (Phils.) Inc.
16. Goodyear Tire & Rubber Co. of the Phils., Ltd.
17. Jardine Davies Transport Services, Inc.
18. Kodak Philippines, Ltd.
19. Mantrade Development Corporation
20. NCR Corporation (Philippines)
21. Philam Insurance Co., Inc.
22. Pilipinas Shell Petroleum Corporation
23. Procter & Gamble Philippines
24. San Miguel Corporation
25. Sime Darby Philippines, Inc.
26. Singer Philippines, Inc.
27. William J. Shaw Foundation, Inc.
28. Unilever Philippines

Sincerely,

Robert M. Sears
Executive Director
American Chamber of Commerce of the Philippines