PSE Circular for Brokers No. 592-99

March 25, 1999 PSE CIRCULAR FOR BROKERS NO. 592-99 THE SECURITIES AND EXCHANGE COMMISSION Mandaluyong SEC FORM 11- C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND THE RSA RULE 11 (a) - 1 (b)(3) THEREUNDER 1. March 24, 1999 Date of Report (Date of earliest event reported) 2. SEC Registration No. 1803. 3. BIR TIN. 301-000-406-761 4. ABS-CBN Broadcasting Corporation Exact name of registrant as specified in its Articles of incorporation 5. Metro Manila Place of incorporation 6. Industry Classification Code 7. ABS-CBN Broadcasting Compound Mother Ignacia cor, Sgt. Esguerra Ave. Address of principal office 8. (632) 924 2674 Registrant's telephone number, including area code 9. Not Applicable 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 Common Shares 779,584,602 shares Long Term Commercial Papers P1,000,000,000.00 11 Indicate Item numbers reported herein: Item 9. Other Events The Board of Directors today declared a cash dividend of forty centavos (P0.40) per share to stockholders of record as of April 15, 1999 payable on May 14, 1999. The Board also scheduled the annual stockholders meeting to be held on Monday, May 3, 1999. Stockholders as of April 5, 1999 shall be entitled to attend and vote at the stockholders meeting. cdpr CASH DIVIDEND: CASH P0.40 per share EX-CASH APRIL 8, 1999 RECORD DATE APRIL 15,1999 DATE PAYABLE MAY 14, 1999 ABS-CBN BROADCASTING CORPORATION Registrant (SGD.) ENRIQUE I. QUIASON Assistant Corporate Secretary