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Ortigas Center, Pasig City

PSE Circular for Brokers No. 2803-98 • Philippine Stock Exchange • Circulars for Brokers • Dec 22, 1998

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December 22, 1998 PSE CIRCULAR FOR BROKERS NO. 2803-98 December 8, 1998 PHILIPPINE STOCK EXCHANGE, INC. Disclosure Department LISTING AND DISCLOSURE GROUP MPSE Center Exchange Road Ortigas Center, Pasig City Attention: Mr . Reynold P . Ong Vice-President Gentlemen : Pursuant to the Philippine Stock Exchange (PSE) Rules on Corporate Disclosure, please be informed of the fact that the Monetary Board of the Bangko Sentral of Pilipinas (BSP) in its Resolution Number 1639 dated November 26, 1998, approved the request of Urban Bank to revert to its previous status as a commercial bank. Said matter was first disclosed to the PSE in our Securities and Exchange Commission Form 11-C dated October 13, 1998. We trust that you will find the following in order. Thank you. Very truly yours, (SGD.) CORAZON M. BEJASA Corporate Secretary (SGD.) JUAN ANTONIO R. LOPEZ Assistant Manager

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