PSE Circular for Brokers No. 801-98

April 24, 1998 PSE CIRCULAR FOR BROKERS NO. 801-98 April 23, 1998 PHILIPPINE STOCK EXCHANGE Exchange Center, Exchange Road Ortigas Center, Pasig City Attention: Compliance Monitoring & Listings Group Gentlemen : In compliance with your rules on corporate disclosures, please be informed that the following were duly elected directors of Republic Cement Corporation for 1998-1999 by the stockholders during their annual meeting held this afternoon: 1. Ms. Bi Yong So Chungunco 2. Mr. David C. Clymo 3. Mr. Aloysius B. Colayco 4. Mr. Michael A. Fitch 5. Mr. Aurelio R. Montinola III 6. Mr. Juan Miguel R. Montinola 7. Ms. Ana B. Pastelero 8. Mr. Alfonso M. Recto, Jr. 9. Mr. Philip Anthony Roseberg 10. Mr. Henry Sy, Sr. 11. Mr. Alfonso S. Yuchengco III The new directors namely: Ms. Bi Yong So Chungunco, Messrs. Michael A. Fitch, Philip Anthony Roseberg and Alfonso S. Yuchengco III replaced Messrs. James Reid, Manuel De Leon, Erramon I. Aboitiz and Roxann D. Morales. cdll At the organizational meeting of the Directors held immediately after the stockholders meeting, the following officers were elected to serve their respective positions until their successors shall have been duly elected and qualified: Mr. Manuel De Leon Chairman Emeritus Mr. Aloysius B. Colayco Chairman Mr. Aurelio R. Montinola III Vice Chairman Mr. Juan Miguel R. Montinola President & CEO Mr. Alfonso M. Recto, Jr. 1st Vice President Mr. David C. Clymo 2nd Vice President Mr. Jose P. Nicolas, Jr. Senior Vice President Mr. Renato C. Sunico Senior Vice President Mr. Antonio R. Montinola Vice President Mr. Alfonso M. Recto, Jr. Treasurer Ms. Catherine T. Manahan Corporate Secretary Mr. Edgardo V. Pajao Assistant Corporate Secretary