PSE Circular for Brokers No. 2794-98

December 21, 1998 PSE CIRCULAR FOR BROKERS NO. 2794-98 SEC FORM 11-C CURRENT REPORT 1. Date of Report: December 18, 1998 2. SEC identification number: 108467 3. BIR Tax Identification No: 040-000-390-189V 4. Exact name of registrant as specified in its charter: PHILIPPINE SEVEN CORPORATION 5. Country of incorporation: PHILIPPINES 6. Industry Classification Code: (SEC Use Only) 7. Address of registrant's principal office: 7th Floor, The Columbia Tower Ortigas Avenue, Mandaluyong City 1501 8. Telephone number: (632) 724-44-41 9. Fiscal Year: December 31 10. Securities registered pursuant to Section 4 and 8 of the RSA No. of Shares of Common Stock Shares Outstanding - Common 207,217,750 Units Warrants 122,882 11. Indicate the item numbers reported herein: Item 4. Resignation of Directors and Officers Item 4 . Resignation of Director and Officer 1. This is to report resignation of Atty. Renato B. Valdecantos as Director and Corporate Secretary of Philippine Seven Corporation, to be effective immediately. His letter of resignation was received last December 11, 1998. Atty. Valdecantos was appointed as Chief Executive Trustee of Asset Privatization Trust by President Joseph Ejercito Estrada SIGNATURE 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 duly authorized for the purpose. dctai PHILIPPINE SEVEN CORPORATION By: (SGD.) EVELYN SADSAD-ENRIQUEZ Assistant Corporate Secretary