The Board of Directors, management, and staff of Metro Pacific Tollways Corporation (the "Company" or "MPTC") hereby commit themselves and best practices contained in the Enterprise-wide Risk Management Policy and acknowledge that the same may guide and facilitate the attainment of corporate goals, through the proactive management of risks.

MPTC understands the importance of maneuvering through multiple uncertainties to achieve process excellence, project successes and innovative solutions to organizational and societal issues. Risk is defined as the effects of uncertainties on organizational objectives, which can be either positive or negative. (ISO 31000:2018, Appendix 1, Terms and Definitions).

Risk Management is essential for creating and protecting value within an organization by enhancing performance and achieving objectives. It should be an integral part of all organizational processes, including strategic planning and decision-making, and follow a structured and comprehensive approach to ensure consistency and thoroughness. Tailored to the organization's context and risk profile, risk management must involve stakeholders to incorporate diverse perspectives. It should be dynamic, iterative and responsive to change, continuously adapting to new risks and opportunities. Decision should be based on the best available information, considering both historical data and future projections, while also taking into account human and cultural factors. Finally, risk management should be subject to continual improvement through learning and experience.