PSE Circular for Brokers No. 1565-99

June 30, 1999 PSE CIRCULAR FOR BROKERS NO. 1565-99 June 29, 1999 Philippine Stock Exchange 4/F Philippine Stock Exchange Center PSE Center, Exchange Road Ortigas Center, Pasig City Attention: Disclosure Department Listing and Disclosure Group Gentlemen : This is to advise that at the Annual Meeting of Stockholders of the Company held on June 29, 1999, the following persons were elected Directors for the ensuing corporate year: Carlos A. Arellano Bienvenido F. Nebres Antonio O. Cojuangco Manuel V. Pangilinan Helen Y. Dee Marites Cacho-Romulo Magdangal B. Elma Albert F. Del Rosario Ray C. Espinosa Orlando B. Vea Napoleon L. Nazareno Likewise, the accounting firm, Joaquin Cunanan & Company was appointed as independent accountant of the Company for the ensuing corporate year. At the meeting of the Board of Directors that immediately followed the adjournment of the Annual Meeting of Stockholders, the persons listed in the attached sheet were re-elected to the positions indicated opposite their respective names. aisadc Very truly yours, PHILIPPINE LONG DISTANCE TELEPHONE COMPANY (SGD.) MA. LOURDES C. RAUSA-CHAN Corporate Secretary PHILIPPINE LONG DISTANCE TELEPHONE COMPANY LIST OF OFFICERS NAME POSITION Antonio O. Cojuangco Chairman of the Board Manuel V. Pangilinan President & CEO Ricardo R. Zarate Executive Vice President Jose P. De Jesus Executive Vice President Antonio R. Samson Executive Vice President Christopher H. Young Chief Financial Advisor Federico K. Maramba Auditor General Maria Lourdes C. Rausa-Chan (Atty) Senior Vice President, Secretary and General Counsel George N. Lim Senior Vice President Anabelle L. Chua (Ms) Treasurer and First Vice President Renato C. Gendrano First Vice President Ramon S. Santiago (Atty) First Vice President Rene G. Baez (Atty) First Vice President Ignatius F. Yenko First Vice President Ariel A. Roda First Vice President Eriberto V. Melliza First Vice President Victor G. Romero Vice President Eriberto B. Gesalta Vice President Eduardo G. Co. (Dr) Vice President Nemesio P. Mina Vice President Ramon B. Rivera, Jr. Vice President Roberto S. Caoyonan Vice President Jesus C. Huidem Vice President Erlinda S. Kabigting (Ms) Vice President Mario C. Paguio Vice President Wilfredo A. Gaudia Vice President Domingo M. Ifurung, Jr. Vice President Lourdes M. Salgado (Ms) Vice President Rodolfo R. Santos Vice President Emiliano R. Tanchico, Jr Vice President German A. Umali Vice President Reynaldo V. Puzon Vice President Raymond S. Relucio Vice President Ricardo M. Sison Vice President Ricardo B. Tan, Jr. Vice President Ernesto S. Sta. Maria, Jr. Vice President Miguela F. Villanueva Vice President Jun R. Florencio Vice President Alfredo B. Carrera Vice President