Pilipino Telephone Corporation

April 14, 1999 PSE CIRCULAR FOR BROKERS NO. 743-99 SUBJECT : Pilipino Telephone Corporation Further to Circular for Brokers No. 464-99 dated March 12, 1999, Pilipino Telephone Corporation ("PLTL") furnished the Exchange a copy of its SEC Form 34-C (Definitive Information Statement), including its 1998 Annual Report, in connection with its Annual Stockholders' Meeting which will be held on April 30 , 1999 , at 10:00 A.M. at the Rizal Ballroom C, Shangri-La Hotel Manila, Ayala Avenue corner Makati Avenue, Makati City. The agenda for the meeting shall be as follows: I. Call to Order II. Proof of Service of Notice III. Certification of Quorum IV. Presentation of the Audited Financial Statements for the year ended 31 December 1998 contained in the Annual Report V. Nomination and Election of the Members of the Board of Directors VI. Other Matters VII. Adjournment As previously announced, stockholders of record as of March 26 , 1999 are entitled to notice of, and to vote at, said meeting. LLjur A copy of PLTL'S Definitive Information Statement, together with its 1998 Annual Report, is available for reference at the PSE Library and PSE-Plaza Administration Office. For your information. (SGD.) JOSE LUIS U. YULO, JR. President and CEO