PSE Circular for Brokers No. 2727-98

December 8, 1998 PSE CIRCULAR FOR BROKERS NO. 2727-98 CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11(a)-1(b)(3) THEREUNDER 1. December 07, 1998 Date of Report (Date of earliest event reported) 2. SEC Identification number: 17514 3. BIR TIN: 320-000-599-760 4. RIZAL COMMERCIAL BANKING CORPORATION Exact name of registrant as specified in its charter 5. Philippines Province, country or other jurisdiction of incorporation 6. (SEC Use Only) Industry Classification Code 7. 333 Sen. Gil J. Puyat Ave., Makati City 0727 Address of principal office Postal Code 8. 632-894-9000 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 RSA Title of Each Class Number of Shares of Common Stock Outstanding and Amt. of Debt O/S Common Stock, P10.00 per value 432,964,018 (as of 12/07/98) 11. Indicate the item numbers reported herein: Item 4 Item 4. Resignation, Removal or Election of Registrant's Directors or Officers aisadc RCBC's Board of Directors has accepted the resignation of Mr. Cesar E. A Virata as Chairman of the Board effective the end of business hours of December 31, 1998. To replace him, the Board appointed Amb. ALFONSO T. YUCHENGCO as Chairman of the Board effective January 1, 1999. Mr. Cesar E. A. Virata will remain a Director of RCBC. SIGNATURES Pursuant to the requirements of the Revised Securities Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. RIZAL COMMERCIAL BANKING CORP. Registrant (SGD.) MERLYN E. DUEAS Vice-President Head-Legal Department