PSE Circular for Brokers No. 315-00

February 10, 2000 PSE CIRCULAR FOR BROKERS NO. 315-00 SUBJECT : PDCP Development Bank, Inc. Additional Listing Please be informed that on November 12, 1997, the Exchange approved subject to actual conversion of Convertible Right by the preferred shareholders, the application of PDCP DEVELOPMENT BANK, INC. ("the Company") to list additional 40,000,000 common shares, with a par value of P10.00 per share, to cover the underlying shares of the P1.0 billion worth of Convertible Preferred Shares at the conversion price of P25.00 per share. In connection therewith, please be advised that the Company has received additional notices from the preferred shareholders for the conversion of 9,642 preferred shares to 3,857 common shares. In view thereof, the listing of the 3,857 common shares is set for Friday, February 11, 2000. This brings the number of common shares listed arising from the conversion of 573,350 preferred shares to a total of 229,335 common shares. cdlex The designated Stock Transfer Agent is hereby authorized to record and register in its books the above number of shares. For your information and guidance. (SGD.) MARIA ISABEL T. GARCIA OIC, Listings and Disclosure Group