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

October 1, 1999 PSE CIRCULAR FOR BROKERS NO. 2474-99 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. September 30,1999 Date of Report 2. SEC Identification No. 19073 3. BIR Tax Identification No. 350-000-288-698 4. FIRST PHILIPPINE HOLDINGS CORPORATION Exact name of registrant as specified in its charter 5. N/A Province, Country or other jurisdiction of incorporation or organization 6. (SEC use only) Industry Classification Code 7. 6th Floor, Benpres Building, Meralco Avenue cor. Exchange Road, Pasig City 1600 Address of principle office 8. 2-631-8024 to 30 Registrant's telephone number including area code 9. Not Applicable Former name, former address and former fiscal year, if changed since last report 10. Securities registered pursuant to Sections 4 and 8 of the Revised Securities Act Title of Each Class Number of Shares of Stock Outstanding Class "A" Common Shares 295,861,522 shares Class "B" Common Shares 153,089,589 shares Total 448,951,111 shares Long Term Commercial Paper (LTCP) P2,000,000,000 11. Indicate the item numbers reported herein Item Nos. 4, 8 and 9 Items 4, 8 and 9 During the regular meeting of the Board of Directors of the Corporation held on September 30, 1999, the following matters were approved or confirmed, to wit: 1. Election of Mr. Steve E. Psinakis as member of the Board of Directors replacing Mr. Eugenio M. Lopez, Jr.; 2. Declaration of a P0.10 cash dividend to stockholders of record as of October 14,1999 payable on October 29, 1999; 3. Setting of October 14,1999 as the record date for stockholders who are entitled to notice and to vote for the Annual Stockholders Meeting on November 8, 1999; 4. Change in accounting period from fiscal year ending June 30 to fiscal year ending December 31; 5. Amendment of Article X of the By laws to reflect the change in the accounting period to calendar year; and 6. Amendment of Section I, Article I of the By-laws to reflect the change in the schedule of the Annual Stockholders Meeting from second Monday of November to the third Monday of May. prcd Pasig City, September 30, 1999. FIRST PHILIPPINE HOLDINGS CORPORATION By: (SGD.) ERNESTO B. RUFINO, JR Corporate Information Officer