PSE Circular for Brokers No. 114-00

January 19, 2000 PSE CIRCULAR FOR BROKERS NO. 114-00 January 18, 2000 Disclosure Department Listings and Disclosure Group 4/F Philippine Stock Exchange Center PSE Center, Exchange Road Ortigas Center, Pasig City Gentlemen : Please be advised that at the regular meeting of the Board of Directors of PCI Leasing and Finance, Inc. held on January 18,2000, the Board approved the following: 1. Increase in the number of directors from eleven (11) to fifteen (15), thereby amending Article Sixth of the Amended Articles of Incorporation; 2. Holding of the Annual Stockholders' Meeting for 2000 on April 13, 2000 at 9:30 A.M. at the Francisco Santiago Hall, Mezzanine Floor, Equitable PCI Bank Tower 1, Makati Avenue corner H.V. dela Costa Street, Makati City, Philippine. The cut-off date of stockholders who will be entitled to vote and be voted is March 13, 2000; and 3. Change in the schedule of its Annual Stockholders' Meeting from the third Thursday of April to any date in April of every year as determined by the Board of Directors and thereby amending Section 1 of Article II of its amended By-Laws. Thank you for your kind attention. Very truly yours, PCI LEASING AND FINANCE, INC. By: (SGD.) LUTGARDA C. BAQUIRAN-PERALTA Corporate Secretary