Statement of Beneficial Ownership

November 16, 1998 PSE CIRCULAR FOR BROKERS NO. 2594-98 SUBJECT : Statement of Beneficial Ownership The following listed companies furnished the Exchange copies of SEC Form 36-A (Initial Statement of Beneficial Ownership of Securities) as of October 1998: 1. Asian Terminals, Inc. 2. Bacnotan Cement Corporation 3. Far East Bank and Trust Company 4. Security Bank Corporation 5. Southeast Asia Cement Holdings, Inc. 6. SPI Technologies, Inc. The following listed companies furnished the Exchange copies of SEC Form 36-B (Statement of Beneficial Ownership of Securities) as of October 1998: 1. A. Brown Company, Inc. 2. Anglo Philippine Holdings Corporation 3. Benpres Holdings Corporation 4. Central Azucarera Don Pedro 5. DMCI Holdings, Inc. 6. Euro-Med Laboratories Phil., Inc. 7. Far East Bank and Trust Company 8. First Philippine Holdings Corporation 9. Guoco Holdings (Philippines), Inc. 10. Kuok Philippine Properties, Inc. 11. Lorenzo Shipping Corporation 12. Marsman and Company, Inc. 13. Metro Pacific Corporation 14. Metropolitan Bank and Trust Company 15. Philippine Long Distance Telephone Company 16. RFM Corporation (Common) 17. Sime Darby Pilipinas, Inc. 18. Southeast Asia Cement Holdings, Inc. 19. SM Prime Holdings, Inc. 20. SPI Technologies, Inc. 21. Union Bank of the Philippines Copies of said SEC Forms 36-A and 36-B are available for reference at the PSE Library. cdll For your information. (SGD.) JOSE LUIS U. YULO, JR. President & CEO