Member redemption - November 5, 2007

Aboitiz Power Corporation (AP)

open PhP 5.60
high PhP 5.70
low PhP 5.60
close PhP 5.60

Volume turnover: 5,267,000 shares
Value turnover: PhP 29,949,400

PSEi up 15.84 points

Today, an investment club member had to pull out due to a pressing need. From the current holdings of the club of 14,000 shares, the share of the member is equivalent to 4,000 shares of AP.
The 4,000 shares of AP was sold at PhP 5.70 and the proceeds will go to the member as the full share in the club's investments. The member has indicated a willingness (and is always welcome) to join again in the near future.

****The net amount of the selling transaction is at PhP 22,514.58. For the PhP 20,000 share our member put in; this is a 12.57% gain for a period of a little over 8 months.