Banco Filipino Savings & Mortgage BankAdditional Listing & Lifting of Suspension

September 11, 1998 PSE CIRCULAR FOR BROKERS NO. 2121-98 SUBJECT : Banco Filipino Savings & Mortgage Bank Additional Listing & Lifting of Suspension The Exchange approved the listing application of BANCO FILIPINO SAVINGS & MORTGAGE BANK to list additional 7,249,203 common shares , with a par value of P100 . 00 per share , to cover the following: LLpr 1. 4,142,644 common shares to cover the 200% stock dividend declaration to stockholders of record as of March 31, 1994 ; 2. 1,552,666 common shares to cover the 25% stock dividend declaration to stockholders of record as of March 17, 1995 ; and 3. 1,553,893 common shares to cover the 20% stock dividend declaration to stockholders of record as of January 16, 1996 . In addition, the Exchange recognized the listing of the 258,674 convertible preferred shares and 498,694 non-convertible preferred shares , both with a par value of P100 . 00 per share . The stock trading symbol of Banco Filipino Savings & Mortgage Bank preferred shares are as follows: Convertible Preferred Shares "BFC" Non-convertible Preferred Shares "BFNC" In view thereof, the listing of 7,249,203 common shares, coinciding with the lifting of suspension of trading of Banco Filipino Savings & Mortgage Bank shares and the reflection of the 258,674 convertible preferred shares and the 498,694 non-convertible preferred shares in the computer system of the Exchange (electronic board and ticker board), are set for Monday, September 21, 1998 . For your information and guidance. (SGD.) REYNOLD P. ONG Vice President, Listings and Disclosure Group