PSE Circular for Brokers No. 215-00

January 31, 2000 PSE CIRCULAR FOR BROKERS NO. 215-00 Philippine Stock Exchange, Inc. Disclosure Department Listings and Disclosure Group PSE Center, Pasig City Gentlemen: We wish to inform you that during the regular meeting of the Board of Directors of Solidbank Corporation held today, January 28, 2000, Mr. Deogracias N. Vistan was elected/appointed as Chairman and Mr. Franscisco C. Sebastian was elected/appointed as Vice Chairman of the Board of Directors of Solidbank. Also during the same meeting the following Directors (names marked with asterisks) were elected/appointed as new members of the following Board committees of Solidbank Corporation, and that the new compositions of said committees are now as follows: A. EXECUTIVE COMMITTEE; 1) Mr. Deogracias N. Vistan Chairman 2) Mr. Robin S. Hibberd Member (1st Alt.: Mr. Claude D. Morin, 2nd Alt.: Mr. Roland L. R. Borotra 3) Mr. Bruce R. Birmingham* Member (1st Alt.: Mr. Roland L. R. Borotra, 2nd Alt.: Mr. Claude D. Morin 4) Mr. Arthur V. Ty* Member (1st Alt.: Mr. Alfredo P. Javellana II, 2nd Alt.: Mr. Margarito Teves) 5) Mr. Francisco C. Sebastian* Member (1st Alt.: Mr. Margarito Teves, 2nd Alt.: Mr. Alfredo P. Javellana II) B. AUDIT AND EXAMINING COMMITTEE 1) Mr. Robin S. Hibberd Chairman 2) Mr. Alfredo P. Javellana II* Member 3) Mr. Margarito Teves* Member C. TRUST AND INVESTMENTS COMMITTEE: 1) Mr. Cielito Habito* Chairman 2) Mr. Deogracias N. Vistan Member 3) Mr. Antonio V. Viray* Member 4) Mr. Bruce R. Birmingham* Member (Alt: Mr. Andres G. Gatmaitan) 5) Ms. Lourdes Fererer Member D. COMPENSATION AND HUMAN RESOURCES COMMITTEE: 1) Mr. Robin S. Hibberd Chairman 2) Mr. Arthur V. Ty* Member 3) Mr. Alfredo P. Javellana II* Member Thank you. Very truly yours, (SGD.) ROMULO C. BERNARDEZ Corporate Secretary