PSE Circular for Brokers No. 796-99

April 19, 1999 PSE CIRCULAR FOR BROKERS NO. 796-99 April 15, 1999 Securities and Exchange Commission Current Report Pursuant to Section 11 of the Revised Securities Act ("RSA") and RSA Rule 11 (a)-a(b) (3) Thereunder SEC FORM 11-C 1. Date of Report: 15 April 1999 2. SEC Identification Number: 147212 3. BIR Tax Identification No.: 000-323-228 4. Registrant: International Container Terminal Services, Inc. 5. Country of Incorporation: Philippines 6. Industry Classification Code: 7. Address of Principal Office: ICTSI Administration Building, Manila International Container Terminal, MICT South Access Road, Manila 8. Registrant's Telephone No.: 245 4101 9. Securities registered pursuant to Sections 4 and 8 of the RSA Titles of Class Number of Shares Outstanding Common shares 2,308,135,875 (Reported by the stock transfer agent as of 12 March 1999) 10. Item number reported herein: Item 9 - Other Events In the Annual Meeting of Stockholders of International Container Terminal Services, Inc. (ICTSI) held today, the Stockholders re-elected the following as Directors: Enrique K. Razon Jr. Eduardo J. Soriano Ramon J. Alegre Jose C. Ibazeta Stephen A Paradies Rogelio C. Salazar Dante G. Santos Andres Soriano III This will has no direct bearing on the Company's operations or financial position. Pursuant to the requirements of the Revised Securities Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereto duly authorized. INTERNATIONAL CONTAINER TERMINAL SERVICES, INC. By: (SGD.) EDGARDO Q. ABESAMIS Executive Vice President