Statement of Beneficial Ownership

June 17, 1999 PSE CIRCULAR FOR BROKERS NO. 1424-99 SUBJECT : Statement of Beneficial Ownership The following listed companies furnished the Exchange copies of SEC Form 36-A (Initial Statement of Beneficial Ownership of Securities) as of May 1999: 1. Atlas Fertilizer Corporation 2. Boulevard Holdings, Inc. 3. Equitable Banking Corporation 4. Jardine Davies, Inc. 5. Mabuhay Holdings Corporation 6. Metropolitan Bank and Trust Company 7. Philippine Commercial International Bank 8. Security Bank Corporation The following listed companies furnished the Exchange copies of SEC Form 36-B (Statement of Changes in Beneficial Ownership of Securities) as of May 1999: 1. Allied Banking Corporation 2. Ayala Corporation 3. Basic Consolidated, Inc. 4. Benpres Holdings Corporation 5. Digital Telecommunications Phils., Inc. 6. Empire East Land Holdings, Inc. 7. Equitable Banking Corporation 8. Interphil Laboratories, Inc. 9. Lepanto Consolidated Mining Co. 10. Manila Electric Co. 11. Megaworld Properties and Holdings, Inc. 12. Metro Pacific Corporation 13. Metropolitan Bank and Trust Company 14. PDCP Development Bank, Inc. 15. Philippine Seven Corporation 16. Robinsons Land Corporation 17. Security Bank Corporation 18. Selecta Dairy Products, Inc. 19. SM Prime Holdings, Inc. 20. SPI Technologies, Inc. 21. Swift Foods, Inc. 22. Uniwide Holdings, Inc. 23. Universal Rightfield Property Holdings, Inc. Copies of said SEC Forms 36-A and 36-B are available for reference at the PSE Library. For your information. (SGD.) JOSE LUIS U. YULO, JR. President & CEO