FEU Cash Dividend Declaration

December 10, 1998 PSE CIRCULAR FOR BROKERS NO. 2737-98 December 9, 1998 The Philippine Stock Exchange, Inc. Philippine Stock Exchange Centre Exchange Road, Ortigas Center Pasig City FAX No. 636-0809 Attention: Ms . Ma . Isabel T . Garcia Head, Listings Group RE : FEU Cash Dividend Declaration Gentlemen : Please be informed that the Board of Trustees of Far Eastern University at its meeting held today, December 9, 1998, passed the following resolutions: "RESOLVED, That a cash dividend of P10.00 per share be, as it is hereby declared, to all stockholders on record as of January 4, 1999, payable on January 14, 1999." RESOLVED, FURTHER, That for purposes of the above cash dividend declaration, the books will be closed from January 4 to January 13, 1999, both dates inclusive. Thank you. Very truly yours, FAR EASTERN UNIVERSITY (SGD.) ANGELINA P. JOSE Corporate Secretary CASH DIVIDEND CASH P10.00 PER SHARE EX-CASH DECEMBER 23, 1998 RECORD DATE JANUARY 4, 1999 DATE PAYABLE JANUARY 14, 1999