PSE Circular for Brokers No. 2670-99

October 19, 1999 PSE CIRCULAR FOR BROKERS NO. 2670-99 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11(a)-l(b)(3) THEREUNDER 1. October 19, 1999 Date of Report (Date of earliest event reported) 2. SEC Reg. No. 21817 3. BIR TIN: 321-000-530-631 4. PHILIPPINE TELEGRAPH & TELEPHONE CORPORATION Exact name of registrant as specified in its charter 5. Philippines 6. (SEC Use Only) (Province, country or other Industry Classification Code: jurisdiction of incorporation) 7. 106 Spirits of Communication Center Carlos Palanca Street, Legaspi Village, Makati City, (Address of principal office) 8. (632) 818-05-11 Registrant 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 Common Stock P1.00 par value outstanding 799,998,728 Total Debt as of June 30, 1999 (interim-Unaudited) P6,358,169,000 Current Reports Item 9 - Other Events Please be advised the annual Meeting of Stockholders of Philippine Telegraph and Telephone Corporation (PT&T) scheduled on October 29, 1999 has been postponed due to various pending issues with regards to debt restructuring program which have to be disclosed in the audited financial statements. The Board of Directors will have its special meeting on October 21, 1999 to discuss among others the date of the resumption of said annual meeting. LibLex PHILIPPINE TELEGRAPH AND TELEPHONE CORPORATION (Registrant) (SGD.) LUCIE QUIDATO-BANTOLINO SVP - Asst . Corporate Secretary