PSE Circular for Brokers No. 2534-99

October 6, 1999 PSE CIRCULAR FOR BROKERS NO. 2534-99 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 AND RSA RULE 11(a)-l(b)(3) THEREUNDER 1. October 4, 1999 Date of Report (Date of earliest event reported) 2. SEC Identification Number AS0930-4369 3. BIR TIN 002-825-058 4. Benpres Holding Corporation Exact name of registrant as specified in its charter 5. Manila province, country or other jurisdiction of incorporation 6. Industry Classification Code: 7. 5/F Benpres Bldg., Meralco Ave., Pasig City 1600 Address of principal office Postal Code 8. 631-3111 Registrant's telephone number, including area code 9. Not applicable Former name or former address, if changed since last report 10. Securities registered pursuant to Sections 4 and 8 of the RSA Number of Shares of Common Stock Title of Each Class Outstanding and Amount of Debt Outstanding Common Shares 4,581,544,408 shares 4,581,544,408.00 Long Term Commercial Papers P3,000,000,000.00 11. Indicate Item numbers reported herein: Item 4 Election of Mr. Manuel T. Gonzales as member of the Board vice Mr. Anthony Y. Woo. Mr. Gonzales assumed office effective October 1, 1999. Signature Pursuant to the requirement of the Revised Securities Act, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto authorized. LibLex ALLIED BANKING CORPORATION Registrant (SGD.) POMPEYO S. TIU Mr. Eugenio Lopez, Jr., President and Chief Executive Officer, died on June 28, 1999. He was replaced as President by Mr. Oscar M. Lopez who was appointed by the Board of Directors at its regular meeting held on August 25-, 1999. Mr. Christian S. Monsod was elected during the same board meeting to replace Mr. Lopez as director. On August 24, 1999, Mrs. Presentacion L. Psinakis tendered her resignation as director. The Board accepted the same at its meeting on August 25, 1999 and elected Mr. Steve E. Psinakis to take her place. BENPRES HOLDINGS CORPORATION Registrant (SGD.) ENRIQUE I. QUIASON Secretary