PSE Circular for Brokers No. 3052-99

December 1, 1999 PSE CIRCULAR FOR BROKERS NO. 3052-99 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE II (A)-1(b)(3) THEREUNDER 1. Date of Report (Date of earliest event reported) November 29, 1999 2. SEC Identification Number 21817 3. BIR Identification number 321-000-530-631 4. PHILIPPINE TELEGRAPH & TELEPHONE CORPORATION Exact name of registrant as specified in its charter 5. Philippines Province, country or other justification of Incorporation 6. (SEC Use Only) Industry Classification Code 7. 106 Spirits of Communication Center, Carlos Palanca Street Legaspi Village, Makati City Address of Principal Office 8. (632) 818-05-11 Registrant telephone number, including area code 9. Not applicable Former Name or former address, if change since last report 10. Securities registered pursuant to Section 4 and 8 of the RSA Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Common Stock P1.00 per value Outstanding Total Debt as of June 30, 1999 (Interim-Unaudited) P6,358,169,000 Current Reports Item 9 Other Events Please be informed that the following matters transpired during the Annual Stockholder's meeting of PT&T held on November 26, 1999: llcd A. Members of the board of directors who were unanimously elected by the stockholders to serve for fiscal year 1999-2000 prcd 1. Jose Luis Santiago 2. Marilyn E. Santiago 3. Ricardo G. Ysmael LexLib 4. Epitacio R. Marquez 5. Rolando dela Cuesta 6. Lorna Pangilinan 7. Roderick Salazar III cdlex All actions resolutions and corporate act done by the board and management for the year 1999-2000 were unanimously approved, ratified and confirmed by the stockholders. B. Immediately after the stockholders' meeting of the same date, the organizational meeting of board of directors was held. The following were elected as Ex-Officio members of the Board: 1. Mr. Hyung Shik Kim prcd 2. Mr. James B. Lindenberg 3. Mr. Rex G. Sayson cdll C. The following officers of the corporation were elected during the organizational meeting: cdll 1. Jose Luis Santiago Chairman of the Board 2. Marilyn E. Santiago President and CEO 3. Gerardo R. De Leon SVP-Finance 4. Susan R. Manalo SVP-HRAG 5. Pedro R. Santos SVP-Network Engineering 6. Justo S. Alano, III SVP-Marketing 7. Lucie Quidato-Bantolino SVP-Asst. Corp. Secretary 8. Alicia A. Arogo VP-Treasurer 9. Kenny H. Tantuico Corporate Secretary 10. Oscar Cristobal Vice-President-Sales 11. Ma. Remedios Ubago-Sia Vice-President-RDN 12. Artemio Ermita, Jr. Vice-President-Technical Systems Grp. 13. Romeo Ranay Vice President-FWND 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 authorized. prcd PHILIPPINE TELEGRAPH AND TELEPHONE CORPORATION Registrant By: (SGD.) LUCIE QUIDATO-BANTOLINO SVP-Asst. Corporate Secretary