PSE Circular for Brokers No. 1038-98

May 15, 1998 PSE CIRCULAR FOR BROKERS NO. 1038-98 CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11(a)-1(b)(3) THEREUNDER 1. May 13, 1998 Date of Report (Date of earliest event Reported) 2. SEC Identification Number 24986 3. BIR Tax Identification No. 000-275-073 4. Pacific Cement Company, Incorporated Exact name of registrant as specified in its charter 5. Surigao, Philippines Province, country or other jurisdiction of incorporation 6. [ ] (SEC Use Only) Industry Classification Code 7. Km. 11, Surigao City, Surigao del Norte 6400/1227 (With Office address: 29/F Chatham House Postal Code 116 Valero cor. Herrera Sts., Salcedo Village, Makati City) Address of principal office 8. (632) 887-1111 Registrant's telephone number including area code 9. Not Applicable 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 @ P1.00 Par Value 253,256,740 11. Indicate the item numbers reported herein: Item No. 4 Item 4 . Election of Registrant's Directors The Registrant's Annual Stockholders' Meeting was held on April 30, 1998 at its principal office in Surigao City wherein the following members of the Board of Directors were elected: 1. Jose L. Cortes, Jr. Chairman 2. Jose V. Cortes III 3. Helen Y. Dee 4. Juan Ramon C. Garcia 5. Jose P. de Jesus 6. Manuel M. Lopez 7. Jose Ramon V. Cortes 8. Luis M. Mirasol, Jr. 9. Atty. Rafael A. Morales 10. Anthony H. Strike 11. Salvador B. Zamora II Except for Jose Ramon V. Cortes, all of the above directors have served the Company as directors for the period April 30, 1997 to April 29, 1998. Jose Ramon V. Cortes, replaced Luis P. Lorenzo, Jr. He is 29 years old. He is the son of the Chairman, Jose L. Cortes, Jr. He is also the brother of Jose V. Cortes II and a nephew of Juan Ramon C. Garcia. SIGNATURE 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. PACIFIC CEMENT COMPANY, INCORPORATED Registrant (SGD.) MARIO M. YAMBOT VP for Administration & Finance