PSE Circular for Brokers No. 1033-99

May 11, 1999 PSE CIRCULAR FOR BROKERS NO. 1033-99 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11(a)-1(b)(3) THEREUNDER 1. May 10, 1999 Date of Report (Date of earliest event Reported) 2. SEC Identification Number CE-02536 3. BIR TIN 003-828-269-V 4. ABOITIZ EQUITY VENTURES, INC. Exact name of registrant as specified in its charter 5. Cebu City, Philippines Province, country or other jurisdiction of incorporation 6. Industry Classification Code 7. Archbishop Reyes Ave., Banilad Cebu City 6000 Address of principal office Postal Code 8. (032) 2312-580 Registrant's telephone number including area code 9. N.A. Former name or former address, if changed since last report 10. Securities registered pursuant to Sections 4 and 8 of the RSA Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding Common Stock P1 Par Value 5,379,821,574 Total Liabilities 2,468,081,000 11. Indicate the item numbers reported herein: 9(a) Item 9 . OTHER EVENTS Declaration of Cash Dividend : In compliance with the disclosure requirements of both SEC and PSE, please be informed that the Board of Directors of Aboitiz Equity Ventures, Inc. at its regular meeting held today, May 10, 1999, approved and passed a resolution authorizing the declaration of a Cash Dividend of TWO CENTAVOS (P0.02) per share, to all stockholders of record as of the close of business hours on May 31, 1999 payable on or before June 28, 1999, as follows: "Resolved as it is hereby resolved, that the declaration of a Cash Dividend of Two Centavos (P0.02) per share, to all stockholders of record as of the close of business hours on May 31, 1999 payable on or before June 28, 1999, be authorized, as it hereby authorized." LibLex Additional Information : The cash dividend declaration of .02 cents per share will require P108 Million in company funds, said funds will be internally sourced. SIGNATURE(S) Pursuant to the requirements of the Revised Securities Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CASH DIVIDEND CASH P0.02 PER SHARE EX-CASH MAY 25, 1999 RECORD DATE MAY 31, 1999 DATE PAYABLE ON OR BEFORE JUNE 28, 1999 Aboitiz Equity Ventures By: (SGD.) JESUS A. SANTIAGO Corporate Secretary