PSE Circular for Brokers No. 3051-99

December 1, 1999 PSE CIRCULAR FOR BROKERS NO. 3051-99 29 November 1999 PHILIPPINE STOCK EXCHANGE, INC. Philippine Stock Exchange Center Exchange Road, Ortigas Center Pasig City, Metro Manila Attention: Ms . Grace De Guia Listing and Disclosure Group Gentlemen: Please find attached a copy of the disclosure of MRC Allied Industries, Inc. in connection with the Organizational Meeting of its Board of Directors at 11:00 a.m. on 29 November 1999. llcd Very truly yours, (SGD.) LAUREANO N. SIY Corporate Information Officer 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. 29 November 1999 Date of Report (Date of earliest event reported) 2. SEC Identification Number 184228 3. BIR Tax Identification No. 490-000-275-291 4. MRC ALLIED INDUSTRIES, INC. Exact name of registrant as specified in its charter 5. Metro Manila, Philippines Province, country or other jurisdiction of incorporation 6. SEC Use Only Industry Classification Code: 7. 12th Floor, Planters Bank Building, Sen. Gil J. Puyat Avenue, Makati City Address of principal office 8. (632) 8926022 Registrant's telephone number, including area code 9. n/a Further name or former address, 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 shares 500,000,000 11. Indicate the item numbers reported herein: Item No. 4 We would like to inform you that, at the Organizational Meeting of the Board of Directors of MRC Allied Industries, Inc. (the "Corporation") at 11:00 a.m., today, 29 November 1999, at which a quorum was present and acting throughout, the following persons were unanimously elected as officers of the Corporation to the positions indicated below: Name Position Benjamin M. Bitanga Chairman, President and Chief Executive Officer Mariano V. Osmea Vice Chairman Laureano N. Siy Managing Director Gemma M. Santos Corporate Secretary Jennifer M. Simon Assistant Corporate Secretary Gerino M. Dolorfino Comptroller Nomeriana A. Creus Treasury Manager Richard Denis D. Tan Corporate Planning and Development Manager Randy S. Balaoro Project Management and Development Manager Rommel Nidea Accounting Manager 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. MRC ALLIED INDUSTRIES, INC. By: (SGD.) JENNIFER S. SIMON Assistant Corporate Secretary