Report on Foreign Ownership of Shares of Listed Companies

April 16, 1998 PSE CIRCULAR FOR BROKERS NO. 690-98 SUBJECT : Report on Foreign Ownership of Shares of Listed Companies Pursuant to Circular No. 260 dated July 18, 1996, Series of 1996 on "Foreign Ownership Level", please find attached the list of companies which have ten percent (10%) or less remaining number of shares that could be owned by foreigners (out of the total percentage allowed by law). For your information. (SGD.) REYNOLD P. ONG Vice-President, Listings and Disclosure Group Foreign Ownership Report on Listed Companies whose level of Foreing-Owned Shares are in the Critical Level (i.e. the remaining number of shares that foreigners may own out of the total limit allowed by law is 10% or less) Issuer Total Outstanding Shares Shares Allowed to Foreigners Shares Owned by Foreigners % Cut-off Date A Soriano Corp. 3,035,689,042 1,214,275,616 988,404,237 32.56% 4/14/98 Asian Terminals, Inc. 1,000,000,000 400,000,000 399,565,465 39.96% 4/13/98 Centennial City, Inc. 6,000,000,000 2,400,000,000 1,916,299,404 31.94% 3/23/98 Davao Union Cement Corp. 1,250,000,000 500,000,000 438,335,722 35.07% 4/14/98 Digital Telecom. Phils., Inc. 6,356,976,310 2,542,790,524 2,505,382,732 39.41% 4/13/98 Easycall Comm. Phils., Inc. 63,328,846 25,331,538 25,101,076 39.64% 4/13/98 Far East Bank & Trust Co. 517,487,470 206,994,988 176,703,343 34.15% 4/13/98 Hi-Cement Corp. 768,500,220 307,400,088 255,134,064 33.20% 4/14/98 lnt'l Container Term'l Services. Inc. 1,531,704,505 612,681,402 612,617,210 39.99% 4/14/98 Kuok Phil. Properties, Inc. 3,841,854,596 1,536,741,838 1,532,031,058 39.88% 4/13/98 Lorenzo Shipping Corp. 300,751,880 120,300,752 112,364,731 37.36% 4/13/98 Mabuhay Holdings Corp. 1,200,000,000 480,000,000 370,237,863 30.86% 3/31/98 Mariwasa Mfg., Inc. 399,999,969 159,999,987 156,818,221 39.20% 4/13/98 Phil. Commercial lnternat'l Bank 152,246,166.40 45,673,849.92 43,333,762.39 28.46% 3/31/98 Phil. National Bank 137,480,171 54,992,068 46,698,257 33.97% 4/13/98 Pryce Corp. 1,610,000,000 644,000,000 607,283,718 37.72% 3/23/98 Southeast Asia Cem't Hold'gs, Inc. 5,096,833,330 2,038,733,332 2,038,632,732 39.99% 3/23/98