Green Power Bicol Philippines Inc.

NEWSFLASH

24 JULY 2010 - ERC - Subsidy for RE via feed-in-tariff stretched to 20 years 29 JUNE 2010 - Power crisis looms over Luzon in 2011 - energy expert 28 JUNE 2010 - Power supply in Metro, Luzon remains critical - National Grid 9 APRIL 2010 - Power rates up this month 24 MARCH 2010 GGPC subsidiary companies sign EPC and Technology contracts for two 17.5 MW Multifuel Biomass Power Plants and a Letter of Intent for a third 35 MW unit for the Philippines FEBRUARY 2010 - Rotating BLACKOUTS expected to return to the Philippines 16 DECEMBER 2009 - Green Power Nueva Ecija Groundbreaking Ceremony at San Leonardo 1 DECEMBER 2009 - Steve Waterfield joins GGP Group as Director and Chief-Executive Officer 16 OCTOBER 2009 - ILECO 2 execute Board of Directors Resolution to present GPPPI 25-year contract to Energy Regulatory Commission 30 SEPT 2009 - UK Ambassador Lillie & DOE Undersecretary Santos fly to Iloilo City to support & endorse GPPPI 17.5 MW Biomass Power Plant

The Company

GPBIPI is a 100% owned and operated subsidiary Company of GGPC. GPBIPI is part of the GGPC Phase Two Development companies. The company is developing Biomass Power Plants within the Bicol region, Philippines.

The Project

GPBIPI initial project is the development of a 35 MW multi-fuel biomass power plant. The project is located in the Bicol region, Philippines where there is a looming energy crisis.