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Air Philippines International Corp.

PSE Circular for Brokers No. 2319-99 • Philippine Stock Exchange • Circulars for Brokers • Sep 16, 1999

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September 16, 1999 PSE CIRCULAR FOR BROKERS NO. 2319-99 SUBJECT : Air Philippines International Corp . Air Philippines International Corp. ("AIR") furnished the Exchange a copy of its amended SEC Form 11-A/Annual Report for the fiscal year ended December 31, 1998 with the following additional information: Item 6. Management's Discussion and Analysis or Plan of Operation Analysis of Financial Condition Item 2. Directors and Executive Officers of the Registrant A brief description of the directors' and executive officers' business experience and other directorship held in other reporting companies Item 10. Executive Compensation Summary Compensation Table A copy of AIR's amended SEC Form 11-A is available for reference at the PSE Center and PSE Plaza Libraries. For your information. prcd (SGD.) JOSE LUIS U. YULO, JR. President & CEO

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