PSE Circular for Brokers No. 1254-98

June 5, 1998 PSE CIRCULAR FOR BROKERS NO. 1254-98 CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11(a) - 1(b)(3) THEREUNDER 1. 5 June 1998 Date of Report 2. SEC Identification Number : 167423 3. BIR Tax Identification Number : 320-000-477-103 4. MEGAWORLD PROPERTIES & HOLDINGS, INC. Exact name of registrant as specified in its charter 5. Metro Manila Province, Country or other jurisdiction of incorporation or organization 6. (SEC Use Only) Industry Classification Code 7. 28th Floor, The World Centre 330 Sen. Gil J. Puyat Avenue Makati City, Philippines 1227 Address of principal office 8. (632) 867-8826 to 40 Registrant's telephone number, including area code 9. Securities registered pursuant to Sections 4 and 8 of the Revised Securities Act Authorized Class Capital Stock Subscribed Paid-Up Common 4,200,000,000 2,791,229,999 2,791,229,999 Preferred 4,000,000,000 1,000,000,000 1,000,000,000 10. Item 4. Other Events In an organizational meeting of the Board of Directors of the Corporation held yesterday afternoon, the following officers were elected for the current fiscal year: Andrew L. Tan Chairman of the Board and President Cirilo L. Manlangit Senior Vice President for Corporate Management Lourdes G. Clemente Vice President for Finance & Administration Antonio T. Tan Vice President for Operations Enrique Santos L. Sy Vice President for Corporate Communications Rosemarie A. Cambaliza Vice President for Marketing Francis C. Canuto Treasurer Edwin B. Maquinto Corporate Secretary Luke T. Tan Asst. Corporate Secretary SIGNATURE Pursuant to the requirements of the Revised Securities Act, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MEGAWORLD PROPERTIES & HOLDINGS, INC. By: (SGD.) EDWIN B. MAQUINTO Corporate Secretary June 5, 1998