PSE Circular for Brokers No. 200-99

February 3, 1999 PSE CIRCULAR FOR BROKERS NO. 200-99 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. Date of Report (Date of earliest event reported): 02 February 1999 2 SEC Identification No.: 60566 3. BIR Tax Identification No. 044-504-2281-VAT 4. Exact name of registrant as specified in its charter. EAST ASIA POWER RESOURCES CORPORATION (Formerly Northwest Holdings & Resources Corporation) 5. Philippines Province, country or other jurisdiction of incorporation 6. (SEC Use Only) Industry Classification Code: 7. 20th Floor OMM-CITRA Condominium, 1605 San Miguel Avenue, Pasig City Postal Code Address of principal office 8. (632) 633-1626 Registrant's telephone number, including area code 9. Not Applicable Former name or former address, if change since last report 10. Securities registered pursuant to Sections 4 and 8 of the RSA. Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding Common 846,000,000 Outstanding Shares US$33,595,000.00 and PhP 17,400,000.00 in Outstanding Debt 11. Indicate the item numbers reported herein: Item No. 1(a) 12. Report on Item No. 1 (a) Changes in Control of Registrant The management of East Asia Power Resources Corporation ("EAPRC" or the "Company"), wishes to inform the Securities & Exchange Commission ("SEC") and the Philippine Stock Exchange, Inc.("PSE") that, in a facsimile letter of even date received this morning by EAPRC, it was informed that, pursuant to an Agreement for the Sale & Purchase of Shares and Convertible Loan (the "Agreement"), El Paso Philippines Holding Company, Inc.("El Paso"), has purchased today an aggregate of 389,357,250 shares of stock of the Company, equivalent to 46.023% of the issued and outstanding common shares thereof, and representing the entire holdings of common shares of Van der Horst, Ltd. ("VDHL"), at a price of Two Pesos (PhP2.00) per share (which at the exchange rate of US$1.00=PhP38.80 is equivalent to US$20,070,000.00). 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. EAST ASIA POWER RESOURCES CORPORATION By: (SGD.) J. ILDEBRANDO B. AMBROSIO Assistant Corporate Secretary