Statement of Beneficial Ownership

October 19, 1999 PSE CIRCULAR FOR BROKERS NO. 2675-99 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 September 1999: 1. Air Philippines International Corporation 2. Armstrong Holdings, Inc. 3. Centro Escolar University 4. Equitable Banking Corporation 5. Megaworld Corporation (formerly Megaworld Properties & Holdings, Inc.) 6. Security Bank Corporation 7. William, Gothong & Aboitiz, Inc. The following listed companies furnished the Exchange copies of SEC Form 36-B (Statement of Changes in Beneficial Ownership of Securities) as of September 1999: 1. ABS-CBN Broadcasting Corporation 2. Armstrong Holdings, Inc. 3. Ayala Land, Inc. 4. Baguio Gold Holdings Corporation 5. Bankard, Inc. 6. Benpres Holdings Corporation 7. Centro Escolar University 8. Cosmos Bottling Corporation 9. Far East Bank and Trust Company 10. Far Eastern University 11. First Philippine Holdings Corporation 12. Manila Electric Company 13. Megaworld Corporation 14. Metropolitan Bank and Trust Company 15. MRC Allied Industries, Inc. 16. PCI Leasing and Finance, Inc. 17. RFM Corporation 18. RFM Corporation (Preferred) 19. SM Prime Holdings, Inc. 20. Swift Foods, Inc. 21. Union Bank of the Philippines 22. Universal Rightfield Property Holdings, Inc. Copies of said SEC Forms 36-A and 36-B are available for reference at the PSE Centre and PSE-Plaza Libraries. For your information. (SGD.) MA. ISABEL T. GARCIA OIC, Listing & Disclosure Group