PSE Circular for Brokers No. 276-98

March 4, 1998 PSE CIRCULAR FOR BROKERS NO. 276-98 1. January 12, 1998 Date of Report (Date of earliest event reported) 2. SEC Identification Number 31168 3. BIR Tax identification No. 43-002-724-446 4. A. BROWN COMPANY, INC. Exact name of registrant as specified in its charter 5. Metro Manila, Philippines 6. [ ] (SEC Use Only) Province, country or other Industry Classification jurisdiction of incorporation Code: 7. #94 Kamuning Road, Quezon City Address of principal office Postal Code 8. __________________________________________ Registrant's telephone number, including area code 9. No Change 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 Amount of Debt Outstanding No Change 11. Indicate the item numbers reported herein: See Attached Sheet cdlex By: (SGD.) SIXTO S. SANDEJAS II Corporate Secretary SEC Reg. No. 31168 ATTACHED SHEET TO ITEM 11-SEC FORM 11-C A BROWN COMPANY, INC. 11. (A) Resignation of Atty. Antonio C. Pastelero as Director; (B) Acceptance of resignation of Atty. Antonio C. Pastelero as Director; (C) Appointment of Mr. Jorge M. Yulo as Director; (D) Resignation of Mr. Ernesto R. Lagdameo, Jr. as President; (E) Election of Mr. Jorge M. Yulo as President; (F) Resignation of Ms. Annabelle P. Brown as Vice-Chairman; (G) Acceptance of resignation of Ms. Annabelle P. Brown as Vice-Chairman; (H) Appointment of Mr. Ernesto R. Lagdameo, Jr. as Vice-Chairman; (I) It is envisioned that with the foregoing changes in director, President, and Vice-Chairman, there ought to be an improvement in the future with respect to the financial position, and the results of operation. 11 (A) to 11 (H) took effect on January 12, 1998. The reason for the resignation of Atty. Pastelero and Mrs. Brown is to enable Mr. Yulo to be elected as Director and to enable Mr. Lagdameo to be elected as Vice-Chairman, respectively.