PSE Circular for Brokers No. 004-00

January 3, 2000 PSE CIRCULAR FOR BROKERS NO. 004-00 PDCP NOW PART OF PLDT @CTIVE BILL BANKS Philippine Long Distance Telephone Co. (PLDT) will soon introduce another innovative-product by launching-an internet-based payment system through its member banks, the @ctive Bill website. Now, common corporate clients of PDCP and PLDT can expect cutting-edge technology that guarantees exceptional customer service. The PLDT @ctive Bill website conveniently reduces time and costs associated with PLDT's billing and payment process, and improves the telecommunication company's sales-to-cash cycle time. LibLex PDCP, a Y2K-ready bank, assures PLDT customers that any e-transactions from PDCP are secured through an electronic-based payment module linked to PLDT's internet based @ctive Bill website. By going on-line in PLDT's @ctive Bill website, both PDCP and PLDT corporate clients are able to view their statement of accounts, and through a hyper link protocol update their payments.