PSE Circular for Brokers No. 2815-98

December 24, 1998 PSE CIRCULAR FOR BROKERS NO. 2815-98 CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11(a)-1(b)(3) THEREUNDER 1. December 22, 1998 Date of Report (Date of earliest event reported) 2. SEC Identification Number 58648 3. BIR Tax Identification No. 957-000-410-840 4. Interphil Laboratories, Inc. Exact name of registrant as specified in its charter 5. Philippines Province, Country or other jurisdiction of incorporation or organization 6. (SEC Use Only) Industry Classification Code: 7. Canlubang Industrial Estate, Bo. Pittland 4025 Cabuyao, Laguna 4025 Address of principal office Postal Code 8. (049) 549-23-45 to 49, 549-30-96 to 98 Registrant's telephone number, including area code 9. Former name, former address, and former fiscal year, 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 Common Class A 337,500,000 Common Class B 225,000,000 11. Indicate the item numbers reported herein: Item 9 Item 9. Fines of more than Ps50,000 and/or other penalties to the company or to its subsidiaries by regulatory authorities and the reasons therefor. cdt The Company was penalized for an amount of Ps115,000 for failure to meet the waste water discharge standards set by Laguna Lake Development Authority (LLDA). Payment of the said amount will result to the dismissal of the Pollution Control and Abatement Case filed by the LLDA against Interphil Laboratories, Inc. The amount covers accumulated daily penalties from May 15, 1997 the date of initial sampling up to October 23, 1997 the date of request for re-sampling exclusive of Saturdays and Sundays. While the Company still feels that it should not have been penalized since the failure to conform with LLDA's effluent standards was immediately corrected within the month of LLDA's initial testing, although LLDA's clearance was issued only in October, the Company will pay the Ps115,000 penalty since the amount is not sizable. 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 hereunto duly authorized. INTERPHIL LABORATORIES, INC. Registrant's full name as contained in charter (SGD.) FRANCISCO R. BILLANO President & General Manager