Current Report Under Section 11 of The Revised Securities Act (RSA) And RSA Rule 11(a)-1(b)(3) Thereunder

October 25, 1999 PSE CIRCULAR FOR BROKERS NO. 2720-99 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11(a)-1(b)(3) THEREUNDER 1. October 22, 1999 Date of Report 2. SEC Identification No. 36140 3. BIR Tax Identification No. 000-201-881 V 4. CONCRETE AGGREGATES CORPORATION Exact name of registrant as specified in its charter 5. Province, Country or other jurisdiction of incorporation or organization 6. (SEC use only) Industry Classification Code 7. 70 Industria St. Bagumbayan, Quezon City 1100 Address of principle office 8. 635-0723 to 30 /02 Registrant's 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 Revised Securities Act Title of Each Class Number of Shares of Stock Outstanding Common Class 27,466,449 11. Indicate the item numbers reported herein: Item 3(a) Item 4 A. RESIGNATION OF TWO (2) MEMBERS of the BOARD DUE TO TRANSFER OF POSTS ABROAD The following members of the Board of Directors of Concrete Aggregates Corporation officially tendered their respective resignations on October 18, 1999, (the latest-scheduled Board Meeting), which resignations were accepted on the same date, to wit: cdlex 1. MR. BRIAN GEORGE FREDRICK Date Elected: June 11, 1999 Effectivity of Resignation: October 18, 1999 Note: Mr. Fredrick is also deemed resigned from his position as member of the Executive Committee. 2. MS. EVELYN VILLANUEVA Date Elected: June 11, 1999 Effectivity of Resignation: October 18, 1999 Two (2) Board seats out of eleven (11) are therefore declared vacant to be filled via election/appointment by the existing directors next board meeting. B. CHANGE OF EXTERNAL AUDITORS Due to reasons not pertaining to any disagreements on accounting approach/principles, the external auditors of the company for many years, Cunanan and Co. (Price Waterhouse) have been replaced by Laya Mananghaya and Co. (KPMG) on the same date. CONCRETE AGGREGATES CORPORATION By: (SGD.) ATTY. MA. CARMELA C. LAJOM Legal Counsel