PSE Circular for Brokers No. 292-99

February 17, 1999 PSE CIRCULAR FOR BROKERS NO. 292-99 February 17, 1999 MS. GRACE B. DE GUIA Assistant Manager Disclosure Department Philippine Stock Exchange Ortigas Center, Pasig City Dear Ms. De Guia, We wish to inform your office that the Board of Directors of Banco Filipino Savings and Mortgage Bank in its meeting on February 16, 1999 at 4:30 P. M. approved the following amendments: 1.) Articles of Incorporation - bank's primary purposes to include: "F) to engage in the business of dealing in Government Securities" . 2.) Code of By-Laws to include the position of Internal Auditor Thank you. LLphil Very truly yours, (SGD.) ATTY. FRANCISCO A. RIVERA Corporate Secretary