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Fortune Cement Corporation

PSE Circular for Brokers No. 1506-98 • Philippine Stock Exchange • Circulars for Brokers • Jul 2, 1998

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July 2, 1998 PSE CIRCULAR FOR BROKERS NO. 1506-98 July 1, 1998 Philippine Stock Exchange Tektite Tower, Exchange Road Ortigas Complex, Pasig City Metro Manila Attention: Disclosure Department Listing Groups RE : Fortune Cement Corporation Gentlemen : Please be advised that at the meeting of the Board of Directors of FORTUNE CEMENT CORPORATION (the "Corporation") held on July 1, 1998, the Board of Directors of the Corporation accepted the resignation of Vicente Chan as director of the Corporation effective July 1, 1998, and elected Mr. Michael A. Fitch as the new director of the corporation effective July 1, 1998 to replace Vicente Chan. cdlex Very truly yours, (SGD.) EMMANUEL C. PARAS Corporate Secretary FORTUNE CEMENT CORPORATION

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