PSE Circular for Brokers No. 194-98

February 24, 1998 PSE CIRCULAR FOR BROKERS NO. 194-98 Current Report Pursuant to Section 11 of the Revised Securities Act ("RSA") and RSA Rule 11(a)-a(b)(3) Thereunder SEC FORM 11-C 1. Date of Report: 20 February 1998 2. SEC Identification Number: 147212 3. BIR Tax Identification No.: 000-323-228 4. Registrant: International Container Terminal Services, Inc. 5. Country of Incorporation: Philippines 6. Industry Classification Code: 7. Address of Principal Office: ICTSI Administration Building, Manila International Container Terminal, MICT South Access Road, Manila 8. Registrant's Telephone No.: 245 4101 9. Securities registered pursuant to Sections 4 and 8 of the RSA Titles of Class Number of Shares Outstanding Common shares 922,293,254 (Reported by the stock transfer agent as of 20 January 1998) 10. Item number reported herein: Item 9 Other Events In accordance with its By-Laws, International Container Terminal Services, Inc. (ICTSI) will hold its Annual Meeting of Stockholders on 16 April 1998 at the Diamond Ballroom of the Manila Diamond Hotel at 10:00 a.m. The Board of Directors fixed 10 March 1998 as the record date to determine the stockholders who are entitled to notice and to vote in the meeting. This has no direct bearing on the Company's operations or financial position. 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 hereto duly authorized. INTERNATIONAL CONTAINER TERMINAL SERVICES, INC. By: (SGD.) ROGELIO C. SALAZAR President