PSE Circular for Brokers No. 1340-99

June 8, 1999 PSE CIRCULAR FOR BROKERS NO. 1340-99 June 7, 1999 Philippine Stock Exchange Philippine Stock Exchange Centre Exchange Road, Ortigas Center Pasig City Attention: Disclosure Department Listings & Disclosure Group Gentlemen : Please be advised that at the Annual Stockholders Meeting and the Organizational Meeting of the Board of Directors of House of Investments, Inc. (HI) held at same date, the following were elected as directors and officer of III respectively for year 1999-2000. cdt DIRECTORS 1. Rizalino S. Navarro 2. Alfonso T. Yuchengco 3. Alfonso S. Yuchengco III 4. Cesar E.A. Virata 5. Carlos G. Dominguez 6. Senen C. Bacani 7. Leonardo B. Alejandrino 8. Susanne Y. Santos 9. Yvonne S. Yuchengco 10. Pedro R. Changco, Jr. 11. Perry Y. Uy OFFICERS Chairman of 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 R. Falag-ey Corporate Secretary Marcelino T. Dy Asst. Corporate Secretary Rosula P. Lawenko MEMBERS OF THE EXECUTIVE COMMITTEE Rizalino 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 Alfonso S. Yuchengco III Carlos G. Dominguez Susanne Y. Santos Thank you. Very truly yours, HOUSE OF INVESTMENTS, INC. By: (SGD.) JOSE MA. G. CASTILLO III Vice President-Finance/Treasurer