PSE Circular for Brokers No. 1767-98

July 29, 1998 PSE CIRCULAR FOR BROKERS NO. 1767-98 July 28, 1998 Philippine Stock Exchange 12 th Flr., Tektite Tower Tektite Road cor. Meralco Avenue Pasig City Attention: Disclosure Department (Listing & Disclosure Group) Gentlemen : This is to inform you that in the annual stockholders' meeting of Centro Escolar University which was held this afternoon at the Philippine Columbian Association, Plaza Dilao, Paco, Manila, the following stockholders were re-elected as directors of the University for the fiscal year 1998-1999, to wit: 1. Maria L. Ayuyao; 2. Juan J. Carlos; 3. Vicente J. Carlos; 4. Lourdes T. Echauz; 5. Carmelita E. la O'; 6. Jose M. Tiongco; and 7. Lucila C. Tiongco. In the organizational meeting of the Board of Directors which was held immediately after the annual stockholders' meeting, the following officers were re-elected for the fiscal year 1998-1999, to wit: 1. Juan J. Carlos Chairman of the Board & Vice-President for Finance; 2. Lourdes T. Echauz Vice-Chairman of the Board & President; 3. Maria L. Ayuyao Executive Vice-President & Treasurer; 4. Carmelita E. la O' Vice President for Business Affairs; 5. Jose M. Tiongco Vice-President for Special Affairs; cdt 6. Lucila C. Tiongco Vice-President for Alumni Affairs; 7. Rosita L. Navarro Vice-President for Academic Affairs; 8. Vicente J. Carlos Corporate Secretary 9. Rosita G. Santos Sr. Asst. Vice-President for Research & Development; 10. Claire Z. Manalo Asst. Vice President for Student Affairs; 11. Bernardita T. Traje Asst. Treasurer; and 12. Roberto V. Baretto Asst. Corporate Secretary. Very truly yours, CENTRO ESCOLAR UNIVERSITY (SGD.) ROBERTO V. BARETTO Asst . Corporate Secretary