Far Eastern University200% Stock Dividend Declaration

February 13, 1998 PSE CIRCULAR FOR BROKERS NO. 135-98 SUBJECT : Far Eastern University 200% Stock Dividend Declaration Far Eastern University (FEU) informed the Exchange, in a letter dated February 12, 1998, that its Board of Trustees at its meeting on February 11, 1998 passed a resolution declaring a 200% stock dividend. The 200% stock dividend, with record date to be fixed by the Securities and Exchange Commission, was declared subject to the confirmation of the stockholders at a special meeting to be held on March 27, 1998. The dividends will be in proportion to the respective shareholdings of the stockholders. FEU further stated in its letter that: "since the proposed 200% stock dividend will exceed the unissued shares of the corporation, we will apply for increase of our authorized capital stock from P80,000,000.00 to P300,000,000.00 divided by 3,000,000 shares through a declaration of the 200% stock dividend." For your information. (SGD.) MARIA ISABEL T. GARCIA Head, Listing & Disclosures Group STOCK DIVIDEND Stock 200% Record Date To be fixed by the SEC