PSE Circular for Brokers No. 3085-99

December 3, 1999 PSE CIRCULAR FOR BROKERS NO. 3085-99 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11 CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11 (a)-1(b)(3) THEREUNDER 1. December 2, 1999 Date of Report (Date of earliest event reported) 2. SEC Identification Number 19073 3. BIR Tax Identification No. 350-000-288-6981 4. FIRST PHILIPPINE HOLDINGS CORPORATION Exact name of registrant as specified in its charter 5. N/A Province, country or other jurisdiction of incorporation 6. (SEC Use Only) Industry Classification Code: 7. 6th Floor, Benpres Building, Meralco Avenue cor. Exchange Road, Pasig City 1600 Address of principal office Postal Code 8. 2-631-8024 to 30 Registrant's telephone number, including area code 9. N/A Former 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 Class "A" Common Shares 295,941,996 shares Class "B" Common Shares 153,143,240 shares Total 449,085,236 shares Long Term Commercial Paper (LTCP) P2,000,000,000 11. Indicate the item numbers reported herein: Item No. 4 During the organizational meeting of the Board of Directors of First Philippine Holdings Corporation (the "Corporation') held on December 2, 1999, the persons named herein were elected as officers thereof: Name Nationality Residence Mr. Oscar M. Lopez Filipino 672 Notre Dame, Wack-Wack Village Chairman of the Board/Chief Executive Officer Greenhills, Mandaluyong City Mr. Augusto Almeda-Lopez Filipino 35 Joaquin Street, San LorenzoVillage, Makati City Vice Chairman of the Board Mr. Elpidio L. Ibaez Filipino 141 Capricorn St., Cinco Hermanos Subd. President & Chief Operating Officer Marikina City Mr. Ernesto B. Rufino, Jr. Filipino 29 Banaba -Road, Forbes Park, Makati City Vice President/Treasurer &Chief Finance Officer Mr. Peter D. Garrucho, Jr. Filipino 44 Roseville St., White Plains, Q.C. Managing Director Energy Mr. Arthur A. De Guia Filipino 412 Calo St., Ayala-Alabang Managing Director Mfg. & Information Technology Muntinlupa, Metro Manila Mr. Federico R. Lopez Filipino 4/F Benpres Bldg., Meralco Avenue Vice President/Asst. Treasurer Pasig City Ms. Perla R. Catahan Filipino 4320 Liwayway Street, Makati City Vice President/Comptroller Mr. Reynaldo R. Sarmenta Filipino 26 Ubay St., Sta. Mesa Heights, Q.C. Vice President Mr. Benjamin K. Liboro Filipino 550 Mariano Marcos St., San Juan., M.M. Vice President Mr. Daniel H. Valeriano. Jr. Filipino 25 Gen. Atienza St., San Antonio Village Vice President Pasig City Mr. Anthony M. Mabasa Filipino c/o ECCO-Asia, 3F, Benpres Bldg. Vice President Meralco Ave., Pasig City Mr. Leonides U. Garde Filipino Unit 4, 46-A, Melchor St., Varsity Hills Vice President Loyola Heights, Quezon City Mr. Enesto A. Esguerra Filipino 17th St., Golden Gate Subdivision Vice President Talon II, Las Pias, Metro Manila Mr. Ricardo B. Yatco Filipino c/o ECCO-Asia 3/F, Benpres Bldg. Vice President Meralco Ave., Pasig City Mr. Hector Y. Dimacali Filipino 2985 Mahogany Street, United Paraaque II, Paraaque, Metro Manila Vice President Mr. Richard B. Tantoco Filipino Woodside Homes, Cluster 21, Unit G-3 Vice President Quezon City Mr. Francis Giles B. Puno Filipino c/o 4/F, Benpres Bldg., Meralco Ave. Vice President Pasig City Mr. Cesar Z. Gomez Filipino c/o 6/F, Benpres Bldg., Meralco Ave. Vice President Pasig City Mr. Dan C. Lachica Filipino c/o 6/F. Benpres Bldg., Meralco Ave. Vice President Pasig City Mr. Enrique I. Quiason Filipino 24 Nightingale St., Greenmeadows, Q.C. Corporate Secretary Mr. Rodolfo R. Waga, Jr. Filipino c/o 4/F Benpres Bldg., Meralco Ave. Asst. Corporate Secretary Pasig City FIRST PHILIPPINE HOLDINGS CORPORATION (SGD.) ERNESTO B. RUFINO, JR. Chief Information Officer