Current Report under Section 11 of the Revised Securities Act (RSA) and RSA Rule 11(a)-1(b)(3) Thereunder

October 28, 1999 PSE CIRCULAR FOR BROKERS NO. 2772-99 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 26, 1999 Date of Report (Date of earliest event reported) 2. SEC Identification Number 1674 3 BIR Tax Identification No. 000-479-027 4. MANILA BROADCASTING COMPANY Exact name of registrant as specified in its charter 5. Metro Manila, Philippines province, country or otherjurisdiction of incorporation 6. (SEC Use Only) Industry Classification Code: 7. FJE Building, 105 Esteban Street, Legaspi Village, Makati City 1229 Address of principal office Postal Code 8. Tel. No. (063) 815-91-31 Registrant's telephone number, including area code 9. No changed since last report to this Honorable Commission Former name or former address, if changed since last report. 10. Securities registered pursuant to Sections 4 and 8 of the RSA No. of Shares Amount of Registered Title of Each Class No. of Shares Outstanding Debt Outstanding 253,000,000 Common 252,683,163.25 P381,047,208.00 Item 4 . Resignation, Removal or Election of Registrant's Directors or Officers Please be informed that Atty. Rudolph E. Jularbal shall cease to be connected with the registrant effective 1 November 1999. He has resigned to join another corporation. As a result of his resignation, the following have been appointed as his replacement to the positions he held in the registrant, to wit Vice-President - FM 1 - Mr. Fred M. Davis, concurrently handling AM and Radyo Natin Operations Vice-President - Legal - Atty. Rodinil D. Bugay with rank of Assistant Vice-President Corporate Secretary - Atty. Rodinil D. Bugay Director - The replacement will be announced at the appropriate time. The registrant sees no significant impact from said resignation and it will have no effect on the current and future operations, financial position or results of operation of the registrant. 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. MANILA BROADCASTING COMPANY By: (SGD.) ATTY. RODINIL D. BUGAY Corporate Secretary