PSE Circular for Brokers No. 1036-99

May 11, 1999 PSE CIRCULAR FOR BROKERS NO. 1036-99 May 10, 1999 Philippine Stock Exchange, Inc . PSE Center, Exchange Road Ortigas Center, Pasig City Attention: Disclosure Department Listings and Disclosure Group Gentlemen : Please be advised that at the Annual Stockholders Meeting held today, May 10, 1990, at the Mandarin Oriental Hotel, the following persons were elected Directors of the Corporation to serve for the current year (1999-2000) and until their successors shall have been elected and qualified: prLL Mr. Wilfred Uytengsu Mr. Antonio H. Ozaeta Mr. Wilfred Steven Uytengsu, Jr. Mr. Michael R.B. Uytengsu Mr. Justinus J.G.M. Sanders Mr. Grahame Tonkin Mr. Jose R. Facundo Mr. Roberto F. de Ocampo Dr. Bernardo M. Villegas Also, at the Organizational Meeting of the Board of Directors held Immediately after the Annual Stockholders Meeting, the following persons were elected to the offices stated opposite their respective names, to serve for the current year (1999-2000) and until their successors shall have been elected and qualified: Name Designation 1. Mr. Wilfred Uytengsu Chairman of the Board and Chief Executive Officer 2. Mr. Wilfred Steven Uytengsu, Jr. President and Chief Operating Officer 3. Ramon S. Esguerra Corporate Secretary 4. Mr. Joselito J. Sarmiento, Jr. Vice President-Finance and Treasurer 5. Mr. Armando G. Miclat, Jr. Vice President-Marketing 6. George R. Hamilton Vice President-Operations 7. Mr. Maximo Y. Abad Vice President-Engineering 8. Mr. Santiago A. Polido Assistant Corporate Secretary and Director for Corporate Affairs 9. Mr. Arnold L. Abad Director for Accounting and Controller 10. Graciano G. Alcazaren Director for Materials Management For your information. Very truly yours, (SGD.) SANTIAGO A. POLIDO Assistant Corporate Secretary