PSE Circular for Brokers No. 1867-99

July 28, 1999 PSE CIRCULAR FOR BROKERS NO. 1867-99 July 27, 1999 Philippine Stock Exchange 12th Flr., Tektite Tower Tektite Road cor. Meralco Ave. 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 1999-2000, to wit: cdt 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 1999-2000, 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; 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. Barretto Asst. Corporate Secretary Very truly yours, CENTRO ESCOLAR UNIVERSITY (SGD.) ROBERTO V. BARRETTO Asst . Corporate Secretary