Statement of Beneficial Ownership

May 14, 1999 PSE CIRCULAR FOR BROKERS NO. 1088-99 SUBJECT : Statement of Beneficial Ownership The following listed companies furnished the Exchange copies of SEC Form 36-A (Initial Statement of Beneficial Ownership of Securities) as of April 1999: 1. Metro Pacific Corporation 2. Pilipino Telephone Corporation 3. Security Bank Corporation The following listed companies furnished the Exchange copies of SEC Form 36-B (Statement of Changes in Beneficial Ownership of Securities) as of April 1999: 1. A Brown Company, Inc. 2. ABS-CBN Broadcasting Corporation 3. Bacnotan Cement Corporation 4. Baguio Gold Holdings Corporation 5. Bankard, Inc. 6. Central Azucarera De La Carlota 7. Central Azucarera Don Pedro 8. Cosmos Bottling Corporation 9. Empire East Land Holdings, Inc. 10. Keppel Philippines Properties, Inc. 11. Lorenzo Shipping Corporation 12. Manila Electric Company 13. Marsman & Company, Inc. 14. Megaworld Properties & Holdings, Inc. 15. Metropolitan Bank and Trust Company 16. MRC Allied Industries, Inc. 17. PCI Leasing and Finance, Inc. 18. RFM Corporation 19. SM Prime Holdings, Inc. 20. SPI Technologies, Inc. 21. Universal Rightfield Property Holdings, Inc. Copies of said SEC Forms 36-A and 36-B are available for reference at the PSE Library. For your information. (SGD.) JOSE LUIS U. YULO, JR. President & CEO