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Enrique M. Aboitiz, Jr. Bob D. Gothong Francis Chua, Independent Director Amb. Raul C. Rabe, Independent Director BOARD MEETINGS In the January 27, 2011 report to the SEC, the ATS Corporate Secretary’s Certification on Directors’ Attendance in Board Meetings summarized the attendance record of the members of the Board of Directors of the corporation for the period January 1, 2010 to December 28, 2010. Meetings Held in 2010 Director Jan Feb Feb Mar May Jul Sep Nov Dec Dec 21 10 26 25 27 29 14 11 01 28 P/M Jon Ramon M. Aboitiz P X P P P P P P X P 8/10 Bob D. Gothong P P X P P P X P P P 8/10 Enrique M. Aboitiz, Jr, P P P P P P P P X P 9/10 Erramon I. Aboitiz P P P P X P X P X P 7/10 Roberto E. Aboitiz P X P P NA NA NA NA NA NA 3/4 Justo A. Ortiz P X P P P P P P P X 8/10 Sabin M. Aboitiz P P P P P P P P P P 10/10 Washington Z. Sycip P X P X X P P P P X 6/10 Emily A. Abrera P P P P P P P P P X 9/10 Mikel A. Aboitiz NA NA NA NA NA P X P X P 3/5 Sulficio O. Tagud, Jr NA NA NA NA NA NA NA NA NA P 1/1 Jeremias E. Cruzabra NA NA NA NA NA NA NA NA NA P 1/1 Raul C. Rabe NA NA NA NA NA NA NA NA NA P 1/1 Michelle Lu NA NA NA NA NA NA NA NA NA P 1/1 Mark E. Williams NA NA NA NA NA NA NA NA NA P 1/1 William Moses NA NA NA NA NA NA NA NA NA X 0/1 P = Present X = Absent M = Maximum Number of Meetings that the relevant Board Member could have attended during the period January 1 to December 28, 2010 NA = “Not Applicable” because the Board Member was not a member of the Board during the relevant meeting date. BOARD COMMITTEES The Board has three (3) committees—the Nomination and Compensation Committee, the Audit and Corporate Governance Committee, and the Risk Management Committee. The Board and its committees oversee and advise management in developing the company’s financial and business goals, oversee its public disclosures and the processes behind them, and evaluate management's performance in pursuing and achieving those goals. NOMINATION AND COMPENSATION COMMITTEE The Nomination and Compensation Committee is mainly responsible for • Establishing the criteria for the selection of directors and senior management and recommend Board nominees and committee membership. • Establishing the overall compensation philosophy of the company including directors and employee compensation, benefits and incentive plans. 34
This committee is likewise is responsible in reviewing the management development and succession policies. In 2010, the committee membership was as follows: Chairman Members : Jon Ramon M. Aboitiz : Enrique M. Aboitiz, Jr. Emily. A. Abrera, Independent Director Xavier Jose Aboitiz, Ex-Officio member Lilian P. Cariaso, Ex-Officio member Mr. Xavier Jose Aboitiz is the Senior Vice President for Human Resources of Aboitiz Equity Ventures, Inc. (AEV). Ms. Lilian P. Cariaso is the Executive Vice President, Chief Financial Officer and Chief Resource Officer of ATS. Starting January 2011, the appointed members of the committee are as follows: Chairman Members : Sulficio O. Tagud, Jr. : Michelle Lu Mark E. Williams AUDIT AND CORPORATE GOVERNANCE COMMITTEE The Board Audit and Corporate Governance Committee has oversight function over the audit activities performed by the company’s internal auditors and the nominated external auditor for the year. The committee oversees internal and disclosure controls and procedures. The committee also takes the lead in promulgating and overseeing the principles of corporate governance by reviewing committee charters, directors’ independence as well as code of ethics for executives, employees and directors. Composition The Board Audit and Corporate Governance Committee is composed of three (3) board members, one (1) of which is an independent director and two (2) ex-officio members. Chairman Members : Washington Z. Sycip, Independent Director : Justo A. Ortiz Sabin M. Aboitiz Stephen G. Paradies, Ex-Officio member Lilian P. Cariaso, Ex-Officio member Stephen G. Paradies is Senior Vice President and Chief Finance Officer of AEV. For 2011, the new Board Audit and Corporate Governance Committee is as follows: Chairman Members : Francis C. Chua, Independent Director : Michelle Lu Mark E. Williams Geoffrey Seeto, Ex-Officio member Evan C. McBride, Ex-Officio member Committee Meetings The Audit and Corporate Governance Committee met three (3) times in 2010. All three meetings were duly attended by the committee members. 35
Page 1 and 2: COVER SHEET 4 4 0 9 SEC Registratio
Page 3 and 4: Dear Stockholder: ABOITIZ TRANSPORT
Page 5 and 6: INFORMATION STATEMENT (SEC FORM 20-
Page 7 and 8: Section 6 of the Corporation Code w
Page 9 and 10: Voting trust holders of 5% or More
Page 11 and 12: ehabilitation proceedings under the
Page 13 and 14: new composition of the Company’s
Page 15 and 16: Committee and Risk Management Commi
Page 17 and 18: C. OTHER MATTERS Item 8. MERGERS, C
Page 19 and 20: viii. approval for treasury matters
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Page 41 and 42: Total compensation paid/accrued for
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Page 45 and 46: Passage and Shipmanagement. It is a
Page 47 and 48: Noteworthy, in compliance with corp

COVER SHEET - 2Go

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