PSE Circular for Brokers No. 2610-99

October 13, 1999 PSE CIRCULAR FOR BROKERS NO. 2610-99 October 13, 1999 PHILIPPINE STOCK EXCHANGE, INC . 4/F PSE Center, Exchange Road Ortigas Center, Pasig City, MM Attention: Ms . Grace de Guia Assistant Manager, Disclosure Group Dear Ms. De Guia: Please be advised that during the Meeting of Directors of Easy Call Communications Philippines, Incorporated held today at 8:30 in the morning at the EDSA Shangri-la, Mandaluyong City, the Board approved the following: 1. Declaration of Cash Dividends at P1 Per Share to Stockholders of Record as of November 13,1999 Payable on December 1, 1999. 2. Introduction of internet-related products and services. A. Introduce Net Page - 2nd quarter of current Fiscal year Web paging Virtual E-mail using the pager and the call center. B. Introduce Message Bank - 2nd quarter of current Fiscal year. Voice mail Fax Mail 3. Appointment of Auditors: Punongbayan and Araullo were reappointed as company's external auditors. 4. Appointment of Employees Stock Option Plan (ESOP) Committee Members as follows: Chairman: MODESTO N. CERVANTES Members: 1. JOHN LISLE 2. ROBERTO ATENDIDO For your information. CASH DIVIDEND CASH - P1.00 per share EX-CASH - November 9, 1999 RECORD DATE - November 13, 1999 DATE PAYABLE - December 1, 1999 Very truly yours, (SGD.) JOSE A. ATENTA-ROQUERO Legal Officer/Corporate Information Officer