PSE Circular for Brokers No. 2113-98

September 10, 1998 PSE CIRCULAR FOR BROKERS NO. 2113-98 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. 9 September 1998 Date of Report 2. SEC Identification Number 166878 3. BIR Tax Identification Number 051-000-460-602V 4. Grand Plaza Hotel Corporation Exact Name of Registrant as specified in its charter 5. City of Pasay Providence, country or other jurisdiction of incorporation 6. Industry Classification Code 7. 10/F The Heritage Hotel, Edsa Ext. cor. Roxas Blvd., Pasay City Address of the registrant's principal office 8. (02) 8918838 Fax: (02) 8918825 Registrant's telephone number, including area code 9. N/A Former name, former address and former fiscal year, if changed 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 Shares 111,299,211 Treasury Shares 11,019,059 Warrants as of 31 December 1997, no warrant have been exercised 11. Indicate the item numbers reported herein: Item 9 Others On 17 July 1998, Grand Plaza Hotel Corporation ("GPHC") informed the Securities and Exchange Commission ("SEC") and the Philippine Stock Exchange ("PSE") of the buy back offer. The buy back offer is to purchase one (1) share out of every twenty (20) shares held by each shareholder as of record date. The buy back price is P20.00 per share. The buy back offer is a one-time offer and will not be extended or re-offered after the expiration of the offer period. llcd Please be advised of the following details in connection with this special block sale for the share buy back of GPHC: Selling Brokers' Particulars: Broker's Name Guoco Securities (Philippines), Inc. Stock Name Grand Plaza Hotel Corporation Estimated Quantity of Shares 4,959,332 Unit Price P20.00 per share Estimated Total Market Value P99,186,640.00 Buying Brokers' Particulars: Brokers's Name Guoco Securities (Philippines), Inc. Stock Name Grand Plaza Hotel Corporation Estimated Quantity of Shares 4,959,332 Unit Price P20.00 per share Estimated Total Market Value P99,186,640.00 (SGD.) NATIVIDAD B. KWAN Corporate Secretary