Computation for adjusted price due to declassification of Imperial Resources, Inc.

("IMP") shares:

Step 1: Weighted average for Class "A"

Total issued and outstanding of Class "A"
A = x Last traded price of Class "A" shares
Total issued and outstanding

78,300,000 x 19.52
=
130,500,000

= 11.712

Step 2: Weighted average for Class "B"

Total issued and outstanding of Class "B"
B = x Last traded price of Class "B" shares
Total issued and outstanding

52,200,000 x 116
=
130,500,000

= 46.4

Step 3: Computation for price of declassified shares

= A+B
= 11.712 + 46.4

Adjusted Price = 58.112

Adjusted Closing Price inclusive of the change in par value:

Adjusted Closing
=
Price Adjusted Price x New Par Value
Old Par Value
 = 58.112 x 1.00
5.00

= 11.6224

Adjusted Closing
=
Price 11.62

*Based on the Board Lot Table, the Minimum Fluctuation is 0.02 for
prices ranging from Php 10.00 to Php 19.98