Report on Foreign Ownership of Shares of Listed Companies

June 19, 1998 PSE CIRCULAR FOR BROKERS NO. 1356-98 DATE : June 19, 1998 SUBJECT : Report on Foreign Ownership of Shares of Listed Companies Pursuant to Circular No. 260 dated July 28, 1996, Series of 1996 on "Foreign Ownership Level", attached is a report on the list of companies which have ten Percent (10%) or less remaining number of shares that could be owned by foreigners (out of the total percentage allowed by law). For your information. (SGD.) REYNOLD P. ONG Vice-President, Listings and Disclosure Group Attachment to Circular for Brokers No. 1356-98 dated June 19, 1998 Foreign Ownership Report on Listed Companies whose Level of Foreign-Owned Shares are in the Critical Level (i.e. the remaining number of shares that foreigners may own out of the total limit allowed by law is 10% or less) Issuer Total Shares Shares % Cut-off Outstanding Allowed to Owned by Date Shares Foreigners Foreigners A Soriano Corp. 3,035,689,042 1,214,275,616 986,058,237 32.48% 6/2/98 Asian Terminals, Inc. 1,000,000,000 400,000,000 399,311,471 39.93% 6/1/98 Bacnotan Consolidated Ind., Inc. 84,849,048 33,939,619 33,929,242 39.99% 6/10/98 Centennial City, Inc. 6,000,000,000 2,400,000,000 1,916,210,325 31.94% 5/25/98 Davao Union Cement Corp. 1,250,000,000 500,000,000 438,212,934 35.06% 5/31/98 Digital Telecom. Phils., Inc. 6,356,976,310 2,542,790,524 2,444,404,300 38.45% 6/1/98 Easycall Comm. Phils., Inc. 63,328,846 25,331,538 24,584,076 38.82% 6/1/98 Far East Bank & Trust Co. 517,487,470 206,994,988 175,355,052 33.89% 6/1/98 Hi-Cement Corp. 768,500,220 307,400,088 256,866,007 33.42% 6/1/98 lnt'l Container Term'l Services. Inc. 1,531,637,083 612,654,833 611,715,621 39.94% 5/31/98 Kuok Phil. Properties, Inc. 3,841,854,596 1,536,741,838 1,535,791,008 39.98% 6/1/98 Lorenzo Shipping Corp. 300,751,880 120,300,752 112,414,731 37.38% 6/1/98 Mabuhay Holdings Corp. 1,200,000,000 480,000,000 369,827,863 30.82% 6/10/98 Mariwasa Mfg., Inc. 399,999,969 159,999,987 156,818,221 39.20% 6/1/98 Phil. Banking Corporation 28,726,132 8,617,840 5,813,623 20.23% 6/17/98 Phil. Commercial lnternat'l Bank 152,246,166.40 45,673,849.92 43,773,600.05 28.75% 5/28/98 Phil. National Bank 137,480,171 54,992,068 47,119,214 34.27% 5/25/98 Pryce Corp. 1,710,000,000 684,000,000 640,440,718 37.45% 5/25/98 Solidbank Corporation 23,366,982 9,346,793 9,340,637 39.97% 6/16/98 Southeast Asia Cement Corporation 5,096,833,330 2,038,733,332 2,038,733,332 40.00% 5/15/98 UEM Development (Phils.), Inc. 4,465,998 1,786,399 1,712,078 38.34% 6/10/98