First Philippine Holdings Corporation Additional Listing

November 19, 1999 PSE CIRCULAR FOR BROKERS NO. 2965-99 SUBJECT : First Philippine Holdings Corporation Additional Listing The Exchange approved on June 11, 1997, subject to the actual availment and full payment of the shares, the listing application of FIRST PHILIPPINE HOLDINGS CORPORATION (the "Company") to list additional 18,000,000 common shares consisting of 10,800,000 class "A" and 7,200,000 class "B" shares, with par value of P10.00 per share, to cover the Company's Employee Stock Purchase Plan (ESPP) and Executive Stock Option Plan (ESOP). prcd In this connection, please be advised that 109,604 common shares, divided into 65,367 class "A" shares and 44,237 class "B" shares, have been availed of and fully paid under the Company's Executive Stock Option Plan and Employee Stock Purchase Plan. In view thereof, the listing of 109,604 common shares availed under the stock option plan is set for Monday, November 22, 1999 . This brings the number of common shares listed under the Company's Executive Stock Option Plan and Employee Stock Purchase Plan to a total of 4,826,539 common shares. cdlex The designated Stock Transfer Agent is hereby authorized to record and register in its books the above number of shares. LexLib For your information and guidance. LibLex (SGD.) MARIA ISABEL T. GARCIA OIC, Listings and Disclosure Group