PSE Circular for Brokers No. 1566-99

June 30, 1999 PSE CIRCULAR FOR BROKERS NO. 1566-99 June 29, 1999 PHILIPPINE STOCK EXCHANGE, INC . 4/F Philippine Stock Exchange Centre Exchange Road, Ortigas Center Pasig City, Metro Manila Attention: Listings and Disclosure Group Gentlemen : Please be advised that in the annual stockholders' meeting held this afternoon, the following stockholders were elected as members of the Board of Directors of the Corporation for the year 1999-2000 to hold office as such until their successors are elected and qualified: cdll Ben C. Tiu Gregorio T. Yu Wilson L. Sy Willy Ocier Harley T. Sy Violeta O. Luym Jerry C. Tiu Dexter Y. Tiu Marian P. Leong Prudencio C. Somera, Jr. Antonio T. Ong In the organizational meeting of the Board held immediately after the stockholders' meeting, the following persons were elected as officers of the Corporation for the year 1999-2000 to serve as such until their successors shall have been duly elected and qualified: Ben C. Tiu Chairman Gregorio T. Yu Vice Chairman and Treasurer Wilson L. Sy President A. Bayani K. Tan Corporate Secretary Hilda P. Bautista Assistant Corporate Secretary The following directors were elected as members of the Executive Committee of the Corporation: Ben C. Tiu Chairman Wilson L. Sy Gregorio T. Yu Thank you for your kind attention. Very truly yours, (SGD.) HILDA P. BAUTISTA Assistant Corporate Secretary