Highlights of 2006 Annual Report of a Company for Study

Music Semiconductors Corporation (MUSX)

------------------------------2006-------------------------Comments
Net Income--------------PhP29.8 mn----------103% increase over 2005
Earnings Per Share------PhP 0.33-------------103% increase over 2005
Operating Profit--------PhP68.8 mn-----------31% increase over 2005
Operating Profit %REV------37.5%------------30% in 2005
Revenue ($US)----------$3.57 mn--------------13% over 2005
Current Liabilities------PhP118.19mn---------24% decrease over 2005
Pos Net Wrkng Cap-----PhP30.2 mn----------1425 increase over 2005

Source: Letter to the disclosure department dated April 13, 2007, from Michael Burton (President and CEO-Music Semiconductors Corporation) posted at the PSE website.

Closing Prices
PhP 1.62 - April 13,2007
PhP 1.60 - April 16, 2007