PSE Circular for Brokers No. 694-98

April 16, 1998 PSE CIRCULAR FOR BROKERS NO. 694-98 April 16, 1998 The Philippine Stock Exchange Exchange Road, Ortigas Center Pasig City Attention: Ms . Maria Isabel T . Garcia Head, Listing Department Gentlemen : Please be advised that at the annual stockholders' meeting of PCI Leasing and Finance, Inc. held on 16 April 1998, at the Francisco Santiago Hall, Mezzanine Floor, PCIBank Tower I, Makati Avenue corner H.V. dela Costa Street, Makati City, at 9:30 a.m., there was in attendance 80.99% of the total issued and outstanding shares of the Corporation, and the following were elected directors for 1998-1999: Name Address Rafael B. Buenaventura 21st Floor, PCIBank Tower I Makati Ave. cor. H.V. dela Costa St., Makati City Eugenio Lopez, Jr. Benpres Building Meralco Ave. corner Exchange Road, Pasig City John Gokongwei, Jr. 29th Floor, Galleria Corporate Tower Ortigas Avenue, Pasig City Johnson Robert Go 29th Floor, Galleria Corporate Tower Ortigas Avenue, Pasig City Augusto Almeda Lopez Benpres Building Meralco Ave. corner Exchange Road, Pasig City Rene J. Buenaventura PCI Leasing Centre Corinthian Gardens, Ortigas Avenue, Quezon City William T. Gatchalian 22nd Floor, Citibank Tower Valero cor. Villar Sts., Makati City Roberto L. Panlilio 21st Floor, PCIBank Tower I Makati Ave. cor. H.V. dela Costa St., Makati City Lance Y. Gokongwei 29th Floor, Galleria Corporate Tower Ortigas Avenue, Pasig City Manuel M. Lopez Lopez Building Meralco Center Ortigas Avenue, Pasig City Esperanza S. Osmena 21st Floor, PCIBank Tower I Makati Ave. cor. H.V. dela Costa ST., Makati City Thank you for your attention. Very truly yours, (SGD.) LUTGARDA C. BAQUIRAN-PERALTA Corporate Secretary