Philippine Long Distance Telephone Company Cash Dividend

February 25, 1998 PSE CIRCULAR FOR BROKERS NO. 209-98 SUBJECT : Philippine Long Distance Telephone Company Cash Dividend Philippine Long Distance Telephone Company ("TEL") informed the Exchange in a letter dated February 24, 1998 that its Board of Directors, in a meeting held on even date, declared the following cash dividends: 1. P0.50 per share on the Company's Series E, K, O and U 10% Cumulative Convertible Preferred Stock, for the semi-annual period ending March 31, 1998, payable on April 30, 1998 to stockholders of record as of March 25, 1998 ; 2. P1 . 20 per share on the Company's Common Capital Stock, payable on April 15, 1998 to stockholders of record as of March 16, 1998 . LLphil For your information. (SGD.) MA. ISABEL T. GARCIA Head, Listing and Disclosures Group PLDT (Series E, K, O, U) PLDT (Common) CASH P0.50 per share CASH P1.20 per share EX-CASH March 19, 1998 EX-CASH March 10, 1998 RECORD DATE March 25, 1998 RECORD DATE March 16, 1998 PAYMENT DATE April 30, 1998 PAYMENT DATE April 15, 1998