PSE Circular for Brokers No. 2007-98

August 28, 1998 PSE CIRCULAR FOR BROKERS NO. 2007-98 August 28, 1998 Disclosure Department Listings and Disclosure Group 4/F Philippine Stock Exchange Center PSE Center, Exchange Road Ortigas Center, Pasig City Gentlemen : Please be advised that at the meeting of the Board of Directors of PCIBank held on 28 August 1998, the following were approved 1. Resignations of the following: NAME RANK EFFECTIVITY Azarina R. Salvacion First Vice President August 31, 1998 Rolando Lim Aberion First Vice President September 1, 1998 German Pijuan First Vice President September 1, 1998 Roberto R. Adecer First Vice President October 1, 1998 Eleanor R. Recana Vice President September 7, 1998 Januario C. Cortez Assistant Vice President August 1, 1998 2. Change in corporate name of PCI Express Padala (Frankfurt) GmbH to PCI Express Padala (Deutschland) GmbH. 3. Liquidation and dissolution of Experian Systems, Inc. (formerly CCN Systems, Inc.) effective September 15, 1998 and termination of the Joint Venture Agreement executed between the Philippine Commercial International Bank ("PCIBank") and CCN Group, Ltd. of the United Kingdom (now known as "Experian") to establish Experian Systems, Inc. and Subsidiary Agreements. Thank you for your kind attention. Very truly yours, (SGD.) MARCIAL O.T. BALGOS Corporate Secretary