PSE Circular for Brokers No. 1198-99

May 26, 1999 PSE CIRCULAR FOR BROKERS NO. 1198-99 May 25, 1999 PHILIPPINE STOCK EXCHANGE Listings and Disclosure Group 4/F Philippine Stock Exchange Center PSE Center, Exchange Road Ortigas Center, Pasig City Attention: Disclosure Department Gentlemen : Notice is hereby given that the stockholders of Security Bank Corporation (SBC) at their annual meeting held from 3:12 p.m. to 3:45 p.m. today elected the. following as directors of SBC. 1. Frederick Y. Dy 2. Paul Y. Ung 3. Philip T. Ang 4. Anastasia Y. Dy 5. Godofredo R. Galindez, Jr. 6. James J.K. Hung 7. Eduardo C. Lim 8. Manuel A. Lopa, Jr. 9. Eduardo I. Plana 10. Rafael F. Simpao, Jr. 11. George T. Siy We further notify the Exchange that at the organizational meeting of the Board of Directors also held today at 3:45 p.m., the following were elected as executive officers of SBC: cdt Chairman Frederick Y. Dy Vice Chairman Paul Y. Ung President Rafael F. Simpao, Jr. Senior Vice Presidents Oscar B. Cajipe Fabian S. Dee Virgilio J. Katigbak Sandy W. Tan Benjamin Y. Young First Vice Presidents Melissa R. Aquino Belen W. Au Susan U. Guanio Belen C. Lim Maximo N. Madridejos, Jr. Myra S. Sevilla Daniel U. Yu Vice Presidents Rafael G. Ayuste, Jr. Ma. Alma Luz Borja Fredenil H. Castro Bee Bee S. Chua Helen L. Chua Carmen G. Comia Teresita L. Cordova Lourdes L. Crisostomo Ma. Dulce Y. Edillor Angelita L. Esguerra Mina C. Figueroa Elisa O. Go Natividad T. Gutierrez Vicente L. Jurilla, Jr. Jeanette S. Keh Loretta G. Mangilit Joselito E. Mape Pedro C. Medina Teresita Y. Merlo Remedios L. Ngo Rose Marie S. Ong Agnes B. Paulino Rolando T. Reyes Edgardo R. Sancho Evylene C. Sison Ma. Cristina A. Tingson Alvin Z. Villanueva Emma A. Yuhico Corporate Secretary Antonio C. Pacis Corporate Treasurer Anastasia Y. Dy Asst. Corporate Secretary Lourdes L. Crisostomo Very truly yours, (SGD.) LOURDES L. CRISOSTOMO Assistant Corporate Secretary