PSE Circular for Brokers No. 1041-98

May 15, 1998 PSE CIRCULAR FOR BROKERS NO. 1041-98 May 14, 1998 PHILIPPINE STOCK EXCHANGE, INC . Listing Group Compliance and Monitoring Philippine Stock Exchange Centre Exchange Road, Ortigas Center Pasig City Attention: Maria Isabel T . Garcia Head, Listing Group Gentlemen : In compliance with the Corporate Disclosure Requirements of Philippine Stock Exchange Inc. for listed companies, JOLLIBEE FOODS CORPORATION, hereby submits to you the list of directors elected during the annual stockholders meeting held on May 08, 1998 at PSE Auditorium, Philippine Stock Exchange Centre, Exchange Road, Ortigas Center, Pasig City and the list of executive officers as of May 08, 1998. Thank you. Very truly yours, (SGD.) ERNESTO TANMANTIONG Assistant Corporate Secretary JOLLIBEE FOODS CORPORATION List of Directors and Executive Officers As of May 08, 1998 BOARD OF DIRECTORS Tony Tan Caktiong Chairman of the Board Felipe B. Alfonso Director Ang Cho Sit Director Antonio Chua Poe Eng Director Washington Z. Sycip Director Ernesto Tanmantiong Director William Tan Untiong Director EXECUTIVE OFFICERS Tony Tan Caktiong President and Chief Executive Officer Ernesto Tanmantiong Executive Vice President Chief Operating Officer and Asst Corporate Secretary William Tan Untiong Corporate Secretary Treasurer and VP Real Estate Rufino L. de la Rosa VP-Finance Annabelle R. Carlos VP-Operations Belen O. Rillo VP-Commissary Evaristo S. Francisco Jr. VP-Engineering Roberto T. Poblete VP-Human Resources Manolo P. Tingzon VP International Operations Ma. Regina B. Navarrete VP-Marketing Claro R. Certeza VP-Legal Remedios V. Baclig VP-Research and Development Augusto C. Verzosa VP-Information Technology This is to certify that the members of the Board of Directors were elected during the Annual Stockholders' Meeting held on May 08, 1998. (SGD.) ERNESTO TANMANTIONG Assistant Corporate Secretary