SEC Adm. Case No. 013 International Container Terminal Services, Inc.

SEC Bldg. EDSA, Greenhills, Mandaluyong City SECURITIES AND EXCHANGE COMMISSION Republic of the Philippines

IN THE MAtTER OF:

International Container Terminal Services Inc. Appellant

SEC En Banc Case No. 013

RESOLUTION

Corporation Finance Department dated February 7, 2005, assessing ICTSI a fine of T'WO HUNDRED SIXTY-THREE THOUSAND SEVEN HUNDRED FIFTY- THREE PESOS AND 81/100 (P 263,753.81), for the late filing of its current Terminai Services Inc. ('ICTSI") on March 11, 2005, regarding the Letter of report (SEC Form 17-C) For consideration is the appeal filed by International Container

FIFTY-THREE PESOS AND 81/100 (P263,753.81), evidenced by official receipt number 0408855, dismissal of the appeal is warranted. amOunt of TWO HUNDRED SIXTY-THREE THOUSAND SEVEN HUNDRED Considering that on 16 April 2010, Appellant paid the penalty in the

rendered MooT, by reason of the payment of the assessed fine. WHEREFORE, premises considered, the instant appeal has been

SO ORdERED.

Mandaluyong City, 29 April 2010.

Fe B BarIn

Hairperson

MA UE RAUL J. PALABRICA

Commissioner Commissione

MM MANUEL HUBERTO B. GAITE* *On Officizt Leave Commissioner ELADIO 0 mmissioner JALA