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SM Development Corporation

PSE Circular for Brokers No. 1060-99 • Philippine Stock Exchange • Circulars for Brokers • May 12, 1999

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May 12, 1999 PSE CIRCULAR FOR BROKERS NO. 1060-99 SUBJECT : SM Development Corporation Further to Circular for Brokers No. 921-99 dated April 29, 1999, SM Development Corporation ("SMDC") disclosed that at its regular annual stockholders' meeting, ROGELIO T. CABUAG was also elected director of SMDP, to serve for the period 1999-2000. For your information. cdll (SGD.) JOSE LUIS U. YULO, JR. President and CEO

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