PSE Circular for Brokers No. 1816-98

August 3, 1998 PSE CIRCULAR FOR BROKERS NO. 1816-98 July 31, 1998 Philippine Stock Exchange, Inc. PSE Center, Exchange Road Ortigas Center, Pasig City Fax No. 634-2051 Gentlemen : We advise that there was a typographical error under item 11 (b) of SEC Form 11-A. Attached is a certification from our transfer agent that five million (5,000,000) share are registered under the name of Mr. Ernesto C. Rojas as of record date April 20, 1998. Please find below a revised table. 11.(b) Security Ownership of Management Title of class Name of beneficial owner Amount and nature Percent Of beneficial ownership Of class Common Roberto C. Benares 1,100,000 0.02% Common Francis G. Estrada 10,000 0.00% Common Jose Antonio U. Gonzalez 1,000,000 0.19% Common Teofilo A. Henson 550,000 0.11% Common Espiridion D. Laxa 9,675,000 1.86% Common Antonio T. Ong 50,000,000 9.66% Common Cirio H. Santiago 40,075,00 7.71% Warrants Cirio H. Santiago 50,000,000 100.00% warrants: one warrant covers 1 share Common Anastacio P. Diaz, Jr. none -0- Common Digna H. Santiago 17,006,200 3.39% Common Ma. Elisa Anson Roa none -0- Common Cipriano C. de Leon, Jr. none -0- Common Susan A. Tan * 50,000 0.01% Resigned Common Ernesto C. Rojas * 50,000.00 0.96% Resigned Very truly yours, (SGD.) ANASTACIO P. DIAZ Executive Vice President and Chief Operating Officer CERTIFICATION As Transfer Agent for PREMIERE ENTERTAINMENT PRODUCTIONS, INC., we hereby certify that based on our records MR. ERNESTO C. ROJAS holds Five Million (5,000,000) shares of stock of the Corporation as of record date April 20, 1998. (SGD.) ADORA A. YANGA Assistant Vice President EBC Stock Transfer