PSE Circular for Brokers No. 1570-98

July 9, 1998 PSE CIRCULAR FOR BROKERS NO. 1570-98 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11 (a)-1(b)(3) THEREUNDER 1. Date of Report (Date of earliest event reported): 2. SEC Identification Number: PW-636 3. BIR Tax identification Number: 030-000-263-340 4. Exact Name of Registrant as Specified in its Charter: PHILIPPINE BANK OF COMMUNICATIONS 5. Province, Country or Other Jurisdiction of Incorporation: Philippines 6. Industry Classification Code: 7. Address of Principal Office: 214-216 Juan Luna Street, Binondo, Manila 8. Registrant's Telephone Number, Including Area Code: (632) 242-8701 9. Former Name or Former Address, If Changes Since Last Report: n/a 10. Securities Registered Pursuant to Sections 4 and 8 of the RSA Number of Shares of Common Stock Title of Each Class Outstanding and Amount of Debt Outstanding Common Stock * 19,721,048 Outstanding Shares * Pre-emptive rights offering of 6,573,436 shares not included. ITEM NO. 4 Election/Appointment of Registrant's Officer Pursuant to SEC Full Disclosure Rules, we are pleased to inform you that at the Regular Board of Directors Meeting of the Philippine Bank of Communications held on June 26, 1998, Ms. Erlinda M.B. De Leon was elected/appointed as the Treasurer of the said bank for the period of one year from June 26, 1998, and until her successor shall be duly elected and qualified. 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. PHILIPPINE BANK OF COMMUNICATIONS Registrant By: (SGD.) MAURICE C. NUBLA SVP & Corporate Secretary