PSE Circular for Brokers No. 1003-98

May 12, 1998 PSE CIRCULAR FOR BROKERS NO. 1003-98 May 8, 1998 Philippine Stock Exchange, Inc. PSE Center, Exchange Road Ortigas Center, Pasig City Attention: Mr. Reynaldo P. Ong Vice President Listing & Disclosure Group Ms . Maria Isabel P . Garcia Head, Listing & Compliance Department Dear Sirs : With reference to our letter dated May 07, 1998 which we faxed to you late on the same day, a hard copy of which was sent to you early this morning, please permit us to include the re-elected Committee Members which were inadvertently omitted in the body of the letter although their re-election was mentioned therein, namely: A. EXECUTIVE COMMITTEE 1. Mr. Hans T. Sy Chairman 2. Mr. Gilbert U. Dee Member 3. Mr. Peter S. Dee - do - 4. Mr. Joaquin T. Dee - do - 5. Mr. Dy Tiong - do - 6. Mr. Henry Dee Se Gui - do - B. BOARD OF TRUSTEES OF CHINA BANKING CORPORATION EMPLOYEES & RETIREMENT PLAN 1. Mr. Gilbert U. Dee Member 2. Mr. Peter S. Dee - do - 3. Mr. Ricardo R. Chua - do - 4. Mr. Rene J. Sarmiento - do - C. TRUST INVESTMENT COMMITTEE 1. Mr. Henry Dee Se Gui Chairman 2. Mr. Peter S. Dee Member 3. Ms. Regina Y. Dee - do - 4. Ms. Pilar N. Liao - do - 5. Mr. Rene J. Sarmiento - do - D. AUDIT COMMITTEE 1. Mr. Joaquin T. Dee Chairman 2. Mr. Hans T. Sy Member 3. Mr. Dy Tiong - do - Thank you. Very truly yours, (SGD.) ARSENIO L. LIM, JR. Vice President & Corporate Secretary