Manila Bulletin Publishing Corporation

July 5, 1999 PSE CIRCULAR FOR BROKERS NO. 1631-99 SUBJECT : Manila Bulletin Publishing Corporation Manila Bulletin Publishing Corporation ("MB") informed the Exchange through SEC Form 11-C, of the election of its Board of Directors and Executive Officers during its Annual Stockholders' Meeting, hereunder quoted: LLphil ". . . Item 4 . Resignation, Removal or Election of Registrant's Directors or Officers During the annual stockholders' meeting held last June 22, 1999 at Philippine Columbian Association more than 2/3 of the shareholders entitled to vote ratified and approved the following: Board of Directors: Dr. Emilio T. Yap Chairman of the Board Justice Abraham F. Sarmiento Vice-Chairman Atty. Neptali A. Gonzales Director Benjamin F. Rodriguez Director Enrique C. Yap Director Paciencia M. Pineda Director Atty. Augusto T. Africa Director and Corporate Secretary Aurora C. Tan Assistant Corporate Secretary Purificacion M. Cipriano Assistant Corporate Secretary . . ." For your information. (SGD.) ATTY. RUBEN L. ALMADRO Officer-in-Charge