PSE Circular for Brokers No. 703-99

April 8, 1999 PSE CIRCULAR FOR BROKERS NO. 703-99 April 7, 1999 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSV) AND RSV RULE 11 (a)-l(b)(3) THEREUNDER 1. April 7, 1999 Date of Report (Date of earliest event reported) 2. SEC Identification Number 5830 3. BIR Tax Identification No. 000488574 4. The Philippine Banking Corporation (Philbank) Exact name of registrant as specified in its charter 5. Manila, Philippines Province, country or other jurisdiction of incorporation 6. (SEC Use Only) Industry Classification Code 7. 6778 Ayala Avenue, Makati City 1226 Address of principal office Postal Code 8. 817-11-67; 817-09-01 loc. 314 Registrant's telephone number 9. Not applicable Former Address, if changed since last report 10. Securities registered pursuant to Section 4 and 8 of the RSA Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding common stock 28,726,132 11. Indicate the item numbers reported herein: Postponement of Annual Stockholders Meeting Pursuant to the following Resolution passed by the Board of Directors of the Philippine Banking Corporation at its regular meeting held on March 23, 1999, the annual Meeting of the Stockholders scheduled on the first of May (May 3, 1999) has been reset to June 28, 1999 at 8:30 a.m. at the 6th Floor, Philbank Building, Ayala Avenue, Makati City. LexLib Resolution No . 3-R-3/99 "RESOLVED, as it is hereby resolved, that the Bank's Annual Stockholder's Meeting set on the first Monday of May (May 3, 1999) as per the amended By-Laws, be postponed to June 28, 1999 for the following reasons. pending final decision/confirmation by the Board is to whether to make certain amendments in the By-Laws governing the internal management of the Bank pending approval/confirmation of certain portions of the Financial Statement by Bangko Sentral ng Pilipinas and the finalization and printing thereof by the External Auditors" THE PHILIPPINE BANKING CORPORATION Registrant (SGD.) RENATO J. FERNANDEZ Corporate Secretary & General Counsel