PSE Circular for Brokers No. 2757-98

December 14, 1998 PSE CIRCULAR FOR BROKERS NO. 2757-98 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. December 11, 1998 Date of Report (Date of earliest event reported) 2. Commission Identification Number 11341 3. BIR Tax Identification No. 000-051-037 4. BENGUET CORPORATION Exact name of registrant as specified in its charter 5. Metro Manila, Philippines Province, country or other jurisdiction of incorporation 6. (SEC Use Only) Industry Classification Code 7. One Corporate Plaza, 845 Arnaiz Ave., Makati City 1223 Address of principal office Postal Code 8. (632) 812-1230 or 819-0174 cdasia Registrant's telephone number, including area code 9. 12 ADB Ave., Mandaluyong City Former name or former address, if changed since last report 10. Securities registered pursuant to Section 4 and 8 of the RSA Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding Common Class A 71,640,590 Common Class B 42,470,072 Convertible Preferred Class A 219,594 Total Amount of Debt as of Sept. 30, 1998 P1,450.942M (Restructured Long/Short Term Loan) 11. Indicate the item numbers reported herein: (9) BENGUETCORP LAUNCHES "DANUM" BOTTLED WATER Manila, Philippines, December 11, 1998 BENGUET CORPORATION (BenguetCorp), the oldest mining company in the Philippines, today announced that its wholly-owned subsidiary, Agua de Oro Ventures Corporation, launched its 5-gallon bottled water operation in Antamok, Itogon, Benguet Province last December 4, 1998. Present during the launching were BenguetCorp's Chairman & President/CEO, Mr. Benjamin Philip G. Romualdez, and local officials of Itogon and Benguet Province. The 5-gallon bottled water will carry the brand name "Danum". "Danum" is an Ilocano term for water. The source of the water is a natural spring in the gold rich mountains of Benguet. The purification process is by reverse osmosis in a six stage water treatment facility and where it is bottled in sterilized 5-gallon containers. The brand will initially be marketed through distributors in Baguio City as well as in the nearby provinces, and it is expected to gain a significant share of the highly competitive bottled water consumer market in Northern Luzon due to its superior quality and affordable cost. Production capacity is pegged at the start of 2,500 gallons per day. LexLib BenguetCorp's diversification from its core line of mining into the water and land businesses is part of its overall reorganization strategy to be a conglomerated natural resource development company.