First Philippine Holdings Corporation Additional Listing

December 8, 1999 PSE CIRCULAR FOR BROKERS NO. 3135-99 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). cdll In this connection, please be advised that 78,923 common shares, divided into 47,354 class "A" shares and 31,569 class "B" shares, have been availed of and fully paid under the Company's Executive Stock Option Plan and Employee Stock Purchase Plan. cdlex In view thereof, the listing of 78,923 common shares availed under the stock option plan is set for Thursday, December 9, 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 4,905,462 common shares. cdll The designated Stock Transfer Agent is hereby authorized to record and register in its books the above number of shares. LibLex For your information and guidance. (SGD.) MARIA ISABEL T. GARCIA OIC, Listings and Disclosure Group