PSE Circular for Brokers No. 2570-98

November 11, 1998 PSE CIRCULAR FOR BROKERS NO. 2570-98 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. 9 November 1998 Date of Report 2. SEC Identification Number 166878 3. BIR Tax Identification Number 051-000-460-602V 4. Grand Plaza Hotel Corporation Exact Name of Registrant as specified in its charter 5. City of Pasay Province, country or other jurisdiction of incorporation 6. Industry Classification Code 7. 10/F The Heritage Hotel, Edsa Ext. cor. Roxas Blvd., Pasay City Address of the registrant's principal office 8. (02) 8918838 Fax: (02) 8918825 Registrant's telephone number, including area code 9. N/A Former name, former address and former fiscal year, if change since last report 10. Securities registered pursuant to Sections 4 and 8 of the RSA Title of each Class Number of shares of common stock outstanding and amount of debt outstanding Common Shares 111,299,211 Treasury Shares 11,019,059 Warrants as of 31 December 1997, no warrant have been exercised 11. Indicate the item number herein: Item 9 Others On 3 November 1998, Zatrio Pte Ltd. ("Zatrio"), a beneficial owner of GPHC acquired GPHC shares from two other shareholders in the following quantity: 1. Hong Leong Enterprises Pte Ltd. (also a beneficial owner of GPHC) its entire holding of 13,425,970 shares. 2. Tudor Court Gallery Pte Ltd its entire holding of 1,950,255 shares. The acquisition was undertaken because Zatrio considered it a good opportunity to improve its earning yield and to diversify the earnings base for its mother corporation, Republic Hotels and Resources Ltd. (SGD.) NATIVIDAD B. KWAN Corporate Secretary