PSE Circular for Brokers No. 1212-98

June 2, 1998 PSE CIRCULAR FOR BROKERS NO. 1212-98 June 1, 1998 Philippine Stock Exchange, Inc. Phil. Stock Exchange Centre Exchange Road, Ortigas Center Pasig City, Metro Manila Attention: Disclosure Department Listing and Disclosure Group Gentlemen : Please be advised that at the Annual meeting of the stockholders of HOUSE OF INVESTMENTS, INC . (HI) and at the Organizational Meeting of the Board held on even date, the following were elected as members of the Board of Directors and Officers of the Company, respectively, for the year 1998-1999: Directors 1. Alfonso T. Yuchengco 2. Rizalino S. Navarro 3. Alfonso S. Yuchengco III 4. Cesar E.A. Virata 5. Leonardo B. Alejandrino 6. Senen C. Bacani 7. Pedro R. Changco, Jr. 8. Carlos G. Dominguez 9. Susanne Y. Santos 10. Perry Y. Uy 11. Yvonne S. Yuchengco Officers Chairman of the Board, President & Chief Executive Officer Rizalino S. Navarro Vice Chairman Alfonso S. Yuchengco III Executive Vice President Perry Y. Uy Senior Vice President Porfirio S. de Guzman, Jr. SVP for Business Development Clarito M. Ilustre Vice President Alfonso S. Yuchengco, Jr. VP Finance & Treasurer Jose Ma. G. Castillo III Vice President-Corporate Planning Elsie P. Maglaya Controller Irma F. Falag-ey Corporate Secretary Marcelo T. Dy Asst. Corporate Secretary Rosula P. Lawenko Members of the Executive Committee Risalino S. Navarro Chairman Alfonso S. Yuchengco III Member Carlos G. Dominguez Member Susanne Y. Santos Member Senen C. Bacani Member Members of the Compensation Committee Rizalino S. Navarro Alfonso S. Yuchengco III Carlos G. Dominguez Susanne Y. Santos Thank you for your attention Very truly yours, (SGD.) MARCELO T. DY Corporate Secretary