PSE Circular for Brokers No. 291-99

February 17, 1999 PSE CIRCULAR FOR BROKERS NO. 291-99 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. February 16, 1999 Date of Report (Date of earliest event reported) 2. SEC Identification Number: 5223 3. BIR Tax Identification No. 230-000-453-085 4. EQUITABLE BANKING CORPORATION (EBC) Exact name of registrant as specified in its charter 5. Metro Manila Province, country or class jurisdiction of incorporation 6. [ ] (SEC Use Only) Industry Classification Code 7. 242 Juan Luna Street, Binondo, Manila 1006 Address of principal office Postal Code 8. (632) 243-7101 Registrant's telephone number, including area code 9. Not Applicable Former name or former address, if changed since last report 10. Securities registered pursuant to Sections 4 and 8 of the RSA Number of Shares of Common Stock Outstanding Title of Each Class and Amount of Debt Outstanding Common Shares 318,770,000 11. Indicate the item numbers reported herein: Item 9 In its regular meeting on February 16, 1999, the Board of Directors of EBC approved the following matters: A. Cash Dividends The Board approved the declarations of cash dividends, at the rate of thirty centavos (P0.30) per share, in favor or stockholders of record as of March 15, 1999, which shall be payable on or before April 15, 1999. B. Record Date for Purposes of Annual Stockholders' Meeting The Board approved March 5, 1999 as the record date for purposes of determining the stockholders entitled by notice and to vote at the annual meeting of the stockholders to be held on April 20, 1999 at the Coral Terrace, Holiday Inn Manila Pavilion, U.N. Avenue, Manila. LLjur 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. CASH DIVIDEND CASH P0.30 PER SHARE EX-CASH MARCH 9, 1999 RECORD DATE MARCH 15, 1999 DATE PAYABLE ON OR BEFORE APRIL 15, 1999 EQUITABLE BANKING CORPORATION Registrant By: (SGD.) CYNTHIA Y. LIGERALDE-DE LA PAZ Assistant Corporate Secretary (SGD.) PURITA M. JEANJAQUET Corporate Secretary