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First Philippine Holdings Corporation Additional Listings

PSE Circular for Brokers No. 2659-98 • Philippine Stock Exchange • Circulars for Brokers • Nov 25, 1998

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November 25, 1998 PSE CIRCULAR FOR BROKERS NO. 2659-98 SUBJECT : First Philippine Holdings Corporation Additional Listings Please be informed that on September 23, 1998, the Exchange approved subject to the actual conversion of convertible notes, the listing application of FIRST PHILIPPINE HOLDINGS CORPORATION ("Company") to list 120,000,000 class "A" shares and 80,000,000 class "B" shares, with a par value of P10.00 per share, to cover the underlying shares of the $90 million worth of Convertible Notes. In connection with this, please be advised that the Company has received a notice from a noteholder for the conversion of $16,000,000.00 worth of convertible note to 52,024,767 class "A" shares. cdt In view thereof, the listing of the 52,024,767 class "A" shares is set for Thursday, November 26, 1998 . This brings a total of 52,024,767 class "A" shares already listed arising from the conversion of the Notes worth $16,000,000.00. For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & CEO

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