PSE Circular for Brokers No. 2815-99

November 4, 1999 PSE CIRCULAR FOR BROKERS NO. 2815-99 SUBJECT : Philippine Long Distance Telephone Company Philippine Long Distance Telephone Company ("TEL") informed the Exchange that its Board of Directors, in a meeting held on November 3, 1999. approved the declaration of the following cash dividends: 1. P0 . 50 per share on the Company's Series G 10% Cumulative Convertible Preferred Stock, for the semi-annual period ending November 30, 1999, payable on December 29, 1999 to stockholders of record as of November 25, 1999 ; 2. P0 . 50 per share on the Company's Series N 10% Cumulative Convertible Preferred Stock, for the semi-annual period ending November 30, 1999, payable on December 29, 1999 to stockholders of record as of November 25, 1999 ; 3. P0 . 50 per share on the Company's Series P 10% Cumulative Convertible Preferred Stock, for the semi-annual period ending November 30, 1999, payable on December 29, 1999 to stockholders of record as of November 25, 1999 ; 4. P0 . 50 per share on the Company's Series S 10% Cumulative Convertible Preferred Stock, for the semi-annual period ending November 30, 1999, payable on December 29, 1999 to stockholders of record as of November 25, 1999 ; 5. P0 . 00375/share/day on the Company's Series IV Cumulative Non-Convertible Redeemable Preferred Stock, payable on December 15, 1999 to stockholders of record as of December 15, 1999 . For your information. CASH DIVIDEND (Series G, N, P, S) CASH - P0.50 per share EX-CASH - November 19, 1999 RECORD DATE - November 25, 1999 DATE PAYABLE - December 29, 1999 (SGD.) MARIA ISABEL T. GARCIA OIC, Listings and Disclosure Group