PSE Circular for Brokers No. 1862-99

July 28, 1999 PSE CIRCULAR FOR BROKERS NO. 1862-99 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. July 27, 1999 Date of Report (Date of earliest event reported) 2. SEC Identification Number 17514 3. BIR TIN 320-000-599-760 4. RIZAL COMMERCIAL BANKING CORPORATION Exact name of registrant as specified in its charter 5. Philippines Province, country or other jurisdiction of incorporation 6. (SEC Use Only) Industry Classification Code 7. 333 Sen. Gil J. Puyat Ave., Makati City 0727 Address of principal office Postal Code 8. 632/ 894-9000 Registrant's telephone number, including area code 9. Not Applicable Former name or former address, if changed since last report 10. Securities registered pursuant to Sections 4 and 8 of the RSA Number of Shares of Common Stock Title of Each Class Outstanding and Amt. of Debt O/S Common Stock, P10.00 par value 432,961,018 (as of 7/27/99) 11. Indicate the item numbers reported herein: Item 4 Item 4. Resignation, Removal or Election of Registrant's Directors or Officers 1. RCBC Board of Directors accepted at their regular meeting on July 26, 1999 the resignation of Mr . Eduardo S . Lopez, Jr . as Director of RCBC, Ex-officio member of the Executive Committee, and Chairman of the Audit and Compensation Committees of RCBC. And to replace him, the Board appointed Amb . Bienvenido R . Tantoco, Sr . to the said positions, except as Chairman of Audit Committee and Ex-officio Member of Executive Committee, effective immediately. 2. RCBC Board of Directors approved the appointment of Mr. Articer O. Quebal as Head of Telemoney Division with the rank of Senior Vice-President effective September 1, 1999 to replace Mr. Samson P. Martinez. prcd SIGNATURES 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. RIZAL COMMERCIAL BANKING CORP. Registrant (SGD.) CESAR A. RUBIO Corporate Information Officer