PSE Circular for Brokers No. 676-00

March 16, 2000 PSE CIRCULAR FOR BROKERS NO. 676-00 March 15, 2000 PHILIPPINE STOCK EXCHANGE PSE Center, Exchange Road Ortigas Center, Pasig City Attention: Ms . Maria Isabel T . Garcia Head Listings Group Compliance Monitoring Ma'am : Please be advised that at the meeting of the Board of Directors held this afternoon, the following matters were approved: acceptance of the resignation of Mr. Napoleon L. Nazareno and Mr. Albert F. Del Rosario as Directors. appointment of Messrs. Mariano L. Galicia Jr., Gaston Z. Ortigas and Augusto C. Lagman as Directors setting April 05, 2000 as the record date for purposes of determining the stockholders entitled to notice and vote at the scheduled Annual Meeting of the stockholders on May 16, 2000 change of name of the Corporation to "E-Business Bank" or such other name as the stockholders shall finally decide. PDCP DEVELOPMENT BANK, INC. By: (SGD.) ELMER D. NITURA First Vice President and Corporate Information Officer