PSE Circular for Brokers No. 1410-98

June 24, 1998 PSE CIRCULAR FOR BROKERS NO. 1410-98 CURRENT REPORT UNDER SEC 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11-(a)-1(b)(3) THEREUNDER 1. Election of two new directors in place of two who resigned on June 16, 1998 Date of Report (Date of earliest event reported) 2. SEC Identification Number 364 3. BIR Tax Identification No 760-000-270-220 4. Victoria Milling Co., Inc. Exact name of registrant specified in its charter 5. Makati City, Metro Manila Province, country or other jurisdiction of incorporation 6. (SEC Use Only) Industry Classification Code 7. 9120 Sultana St. corner Honradez St., Makati City Address of principal office Postal Code 8. 890-03-81, Fax 895-41-50 Registrant's telephone number, including code 9. Second Flr., PNB Financial Center, Roxas Blvd., Pasay City Former address, if changed since last report 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 11. Indicate the item numbers reported herein: Item No. 4 On June 16, 1998, the Board of directors at its regular meeting accepted the resignations as directors of Messrs. Ramon Benedicto and Carlos Arellano and in their place, Messrs. Manuel Lacson and Romeo Hermoso were elected directors to serve the unexpired term of the two. The Resolution accepting the resignations and electing the new directors adopted unanimously reads: cdlex "RESOLVED, That the resignations of Messrs. Ramon Benedicto and Carlos Arellano be accepted with regrets, and that the Board extends its best wishes to Mr. Carlos Arellano as proposed appointee to head the Social Security System under the incoming administration of President Elect Joseph Ejercito Estrada." "RESOLVED, Further, That Messrs. Manuel Lacson and Romeo Hermoso be elected directors for the unexpired term of Messrs. Ramon Benedicto and Carlos Arellano, respectively." 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. VICTORIAS MILLING CO., INC. Registrant (SGD.) RUBEN E. AGPALO Corporate Secretary