PSE Circular for Brokers No. 471-98

March 25, 1998 PSE CIRCULAR FOR BROKERS NO. 471-98 Current Report Pursuant to Section 11 of the Revised Securities Act ("RSA") and RSA Rule 11(a)-a(b)(3) Thereunder SEC FORM 11-C 1. Date of Report: 24 March 1998 2. SEC Identification Number: 147212 3. BIR Tax Identification No.: 000-323-228 4. Registrant: International Container Terminal Services, Inc. 5. Country of Incorporation: Philippines 6. Industry Classification Code: 7. Address of Principal Office: ICTSI Administration Building, Manila International Container Terminal, MICT South Access Road, Manila 8. Registrant's Telephone No.: 245 4101 9. Securities registered pursuant to Sections 4 and 8 of the RSA Titles of Class Number of Shares Outstanding Common shares 1,383,005,005 (Reported by the stock transfer agent as of 10 March 1998) 10. Item number reported herein: Item 9 Other Events The Rosario Port Administration of Argentina has awarded to International Container Terminal Services, Inc. the 30-year management contract for the Port of Rosario. ICTSI put in a bid price of US$158 million. The project calls for investments of US$76 million spread out over the life of the concession. The port is Argentina's second largest port. cdlex 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 hereto duly authorized. INTERNATIONAL CONTAINER TERMINAL SERVICES, INC. By: (SGD.) ROBERTO B. JAYME Senior Vice President Finance