PSE Circular for Brokers No. 1043-99

May 11, 1999 PSE CIRCULAR FOR BROKERS NO. 1043-99 PHILIPPINE STOCK EXCHANGE, INC . Listing and Disclosure Group Philippine Stock Exchange Centre Exchange Road, Ortigas Center Pasig City Attention: Maria Isabel T . Garcia Head Listing and Disclosure 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 10, 1999 at Kalayaan Hall, Club Filipino, Greenhills, San Juan, Metro Manila and the list of executive officers as of May 10, 1999. cdlex Thank you. Very truly yours, (SGD.) RUFINO L. DE LA ROSA VP-Finance JOLLIBEE FOODS CORPORATION List of Directors and Executive Officers As of May 10, 1999 BOARD OF DIRECTORS TONY TAN CAKTIONG CHAIRMAN OF THE BOARD FELIPE B. ALFONSO DIRECTOR ANG CHO SIT DIRECTOR ANTONIO CHUA POE ENG DIRECTOR ERNESTO TANMANTIONG DIRECTOR WILLIAM TAN UNTIONG DIRECTOR CLARO F. CERTEZA DIRECTOR EXECUTIVE OFFICER TONY TAN CAKTIONG PRESIDENT AND CHIEF EXECUTIVE OFFICER ERNESTO TANMANTIONG EXECUTIVE VICE PRESIDENT CHIEF OPERATING OFFICER AND ASSISTANT CORPORATE SECRETARY WILLIAM TAN UNTIONG CORPORATE SECRETARY TREASURER AND VP-REAL ESTATE RUFINO L. DE LA ROSA VP-FINANCE AND CORPORATE INFORMATION OFFICER ANNABELLE R. CARLOS COUNTRY MANAGER-HONGKONG AND CHINA BELEN O. RILLO VP-COMMISSARY ROBERTO T. POBLETE VP-HUMAN RESOURCES EVARISTO S. FRANCISCO JR. VP-ENGINEERING MANOLO P. TINGZON VP-INTERNATIONAL OPERATIONS MA. REGINA B. NAVARETTE VP-MARKETING CLARO F. CERTEZA VP-LEGAL REMEDIOS V. BACLIG VP-RESEARCH AND DEVELOPMENT AUGUSTO C. VERZOSA VP-INFORMATION TECHNOLOGY ANASTACIA S. MASANCAY AVP-CORPORATE ACCOUNTING LILIAN S. REVENTAR AVP-FRANCHISING RHOMILDA O. BAYLON AVP-INFORMATION TECHNOLOGY MA. LOURDES S. VILLAMAYOR AVP-OPERATIONS