PSE Circular for Brokers No. 1287-98

June 10, 1998 PSE CIRCULAR FOR BROKERS NO. 1287-98 Current Report Under Section 11 of the Revised Securities Act (RSA) and RSA Rule 11-(a)-1(b)(3) thereunder 1. Date of Report June 8, 1998 2. SEC Identification Number 133653 3. BIR Tax Identification No. 033-000-132-413-V 4. Exact name of registrant as specified in its charter ASIAN TERMINALS, INC. 5. Province, Country or other jurisdiction of incorporation Manila, Philippines 6. Industry Classification Code (SEC Use Only) 7. Address of principal office/postal code Muelle de San Francisco, South Harbor, Port Area, Manila 8. Registrant's telephone number/area code 527-80-51 to 81 9. Former name or former address, if changed since last report N/A 10. Securities registered pursuant to Sections 4 and 8 of the RSA Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding Capital stock common 1,000,000,000 Long Term Commercial Papers P1,500,000,000 11. Indicate the item numbers reported herein: Item 4 Resignation, Removal or Election of Registrant's Directors or Officers Retirement of the SVP for General Stevedoring and Operations The SVP for General Stevedoring and Operations Capt. Bonifacio C. Lomotan has retired from the company effective June 1, 1998. His functions will be assumed and performed by the existing SVP for Container Division Mr. Paul S. Finley effective as of the same date, thus ensuring continuity and smooth flow of operations. The retirement has no effect on the operational efficiency of the Company. 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 thereunto duly authorized. ASIAN TERMINALS, INC. Registrant ATTY. RODOLFO G. CORVITE, JR. Corporate Secretary