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

September 8, 1999 PSE CIRCULAR FOR BROKERS NO. 2237-99 September 6, 1999 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11(a)-l(b)(3) THEREUNDER 1. Date of this Report: September 6, 1999 2. SEC Identification Number: PW-102 3. BIR Tax Identification Code: 350-000-101-528 4. Name of Registrant as specified in its Charter: Manila Electric Company 5. Country of Incorporation: Philippines 6. Industry Classification: (SEC use only) 7. Address: Lopez Building, Ortigas Avenue, Pasig City 8. Telephone Numbers: 631-5571 and 631-5572 9. Securities registered pursuant to Sections 4 and 8 of RSA: Number of Shares of Title of Each Class Common Stock Outstanding Class "A" 502,297,435 Class "B" 334,864,956 Total 837,162,391 10. Item Number reported: Item 9 Item 9 . Other Events ( PRESS RELEASE ) This is to confirm the newspaper article published in Philippine Star on August 6, 1999. Meralco and Asian Appraisal Company (AACI) executed an agreement providing for continuous appraisal of Meralco's assets over a period of 5 years. The said agreement also provided for a transfer of technology needed to put up the Company's in-house appraisal unit. SIGNATURES Pursuant to the requirements of the Revised Securities Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MANILA ELECTRIC COMPANY Registrant (SGD.) GIL S. SAN DIEGO Assistant Corporate Secretary