Exhibit 99.2
 
JOINT FILING AGREEMENT
 
The undersigned hereby agree that the Statement on the Schedule 13D filed herewith (and any amendments thereto), relating to the Common Shares, par value 1 and 2/3 Philippine Pesos per share, of PSi Technologies Holdings, Inc. is being filed jointly with the Securities and Exchange Commission pursuant to Rule 13d-1(k)(l) under the Securities Exchange Act of 1934, as amended, on behalf of each such person.
 
Date:  December 31, 2008
 
MERRILL LYNCH GLOBAL EMERGING
BANK OF AMERICA CORPORATION
MARKETS PARTNERS, LLC
  
  By: /s/ Lucille E. Reymann
By:  Merrill Lynch Global Emerging Name:  Lucille E. Reymann
Partners, L.P.,
 Title:  Senior Vice President
as its Managing Member
 
 
MERRILL LYNCH & CO., INC.
By:  Merrill Lynch Global Capital L.L.C.,
  
as its General Partner By: /s/ Frank J. Marinaro
 
Name:  Frank J. Marinaro
By: Merrill Lynch Global Private Equity,
Title:  Authorized Signatory
Inc.,
  
as its Managing Member
MERRILL LYNCH GROUP, INC.
   
By:  /s/ Douglas P. Madden By:  /s/ Frank J. Marinaro
Name:  Douglas P. Madden
Name:  Frank J. Marinaro
Title:  Assistant Secretary
Title:  Authorized Signatory*
   
MERRILL LYNCH GLOBAL EMERGING
ML IBK POSITIONS, INC.
MARKETS PARTNERS II, LLC
 
  By:  /s/ Douglas P. Madden
By:  Merrill Lynch Global Emerging
Name:  Douglas P. Madden
Partners, L.P.,
Title:  Assistant Secretary
as its Managing Member
 
  MERRILL LYNCH GLOBAL PRIVATE
By:  Merrill Lynch Global Capital L.L.C.,
EQUITY, INC.
as its General Partner
 
  By:  /s/ Douglas P. Madden
By:  Merrill Lynch Global Private Equity,
Name:  Douglas P. Madden
Inc.,
 Title:  Assistant Secretary
as its Managing Member
 
 
MERRILL LYNCH GLOBAL CAPITAL,
L.L.C.
By:  /s/ Douglas P. Madden
Name:  Douglas P. Madden
Title:  Assistant Secretary
By:  Merrill Lynch Global Private Equity,
 
Inc.
 
Its Managing Member
   
  By:  /s/ Douglas P. Madden
  Name:  Douglas P. Madden
  Title:  Assistant Secretary

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MERRILL LYNCH GLOBAL EMERGING
  
MARKETS PARTNERS,
  
L.P.
  
   
By:  Merrill Lynch Global Capital, L.L.C.
  
                    Its General Partner
  
   
By:  Merrill Lynch Global Private Equity,
  
                    Inc.
  
                    Its Managing Member
  
   
By:  /s/ Douglas P. Madden
  
Name:  Douglas P. Madden
  
Title:  Assistant Secretary
  

 

 
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