Statement of Beneficial Ownership

January 25, 1999 PSE CIRCULAR FOR BROKERS NO. 111-99 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 December 1998: 1. Asiatrust Development Bank, Inc. 2. Manila Broadcasting Company 3. PDCP Development Bank, Inc. 4. 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 December 1998: cdll 1. Alsons Cement Corp. 2. Armstrong Holdings, Inc. 3. Benpres Holdings Corp. 4. C & P Homes, Inc. 5. Centennial City, Inc. 6. Central Azucarera Dela Carlota 7. Centro Escolar University 8. Cosmos Bottling Corp 9. Dizon Copper Silver Mines, Inc. 10. Far East Bank and Trust Company 11. First Philippine Holdings Corporation 12. Keppel Phils. Properties, Inc. 13. Metropolitan Bank & Trust Co. 14. PDCP Development Bank, Inc. 15. Phil. Commercial International Bank 16. Phil. Long Distance Telephone Co. 17. SM Prime Holdings, Inc. 18. Universal Rightfield Property Holdings, Inc. 19. Urban Bank, Inc. 20. Vitarich Corporation 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