0001193125-05-021760 Sample Contracts

INTERNATIONAL SECURITIES LENDERS ASSOCIATION ISLA GLOBAL MASTER SECURITIES LENDING AGREEMENT
Global Master Securities Lending Agreement • February 8th, 2005 • First Pacific Company LTD /Fi • Telephone communications (no radiotelephone) • London

LAROUGE B.V. (“Party B”) a private company with limited liability with its seat in Amsterdam and incorporated under the laws of the Netherlands acting through a Designated Office.

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SUBSCRIPTION AGREEMENT DATED 12 JANUARY 2005 FIRST PACIFIC FINANCE LIMITED Zero Coupon Guaranteed Exchangeable Notes due 2010
Subscription Agreement • February 8th, 2005 • First Pacific Company LTD /Fi • Telephone communications (no radiotelephone)
JOINT FILING AGREEMENT
Joint Filing Agreement • February 8th, 2005 • First Pacific Company LTD /Fi • Telephone communications (no radiotelephone)

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, the persons named below agree to the joint filing on behalf of each of them of a Statement of Schedule 13D (including amendments thereto) with respect to the shares of common capital stock of and American Depositary Shares of Philippine Long Distance Telephone Company, and further agree that this Joint Filing Agreement be included as an Exhibit to such joint filings. In evidence thereof, the undersigned, being duly authorized, hereby executes this Agreement on February 8, 2005.

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