PSE Circular for Brokers No. 829-98

April 27, 1998 PSE CIRCULAR FOR BROKERS NO. 829-98 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11(a)-1(b)(3) THEREUNDER 1. Date of Report April 24, 1998 2. SEC Identification Number 135748 3. BIR Tax Identification Number 470-000-130-700 4. Exact name of registrant as specified in its charter Metro Pacific Corporation 5. Country of incorporation Philippines 6. Industry Classification Code 7. Address of principal office 41st-42nd Floors, Rufino Pacific Tower, Ayala Avenue, Makati City P.O. Box 1957 Makati City 8. Registrant's telephone number (632)811-0338 9. The Registrant has not changed its corporate name, office address and fiscal year since its last report. 10. Securities registered pursuant to Sections 4 and 8 of the RSA Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding common 4,555,119,666 * LTCPs Php 1,000,000,000 ** STCPs Php 1,365,000,000 ** 11. Item reported herein Item 4 Election of Directors and Officers At the annual meeting of the shareholders of the registrant held today, the following were elected as directors for the year 1998: Manuel V. Pangilinan Ricardo S. Pascua Napoleon L. Nazareno Albert F. del Rosario Enrique P. Esteban Corazon R. Estrella Edward S. Go Michael J.A. Healy Heinrich J. Merkt Rev. Bienvenido F. Nebres Meliton V. Salazar Orlando B. Vea Alfred A. Xerez-Burgos, Jr. Christopher H. Young At the organizational meeting of the Board of Directors which followed the annual shareholders meeting, the following ware elected to the positions set forth opposite their respective names: Manual V. Pangilinan Chairman of the Board Ricardo S. Pascua Vice Chairman of the Board Napoleon L. Nazareno President and Chief Executive Officer Antonio A. Picazo Corporate Secretary Fernando A. Flores Treasurer SIGNATURES 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 hereunto duly authorized. METRO PACIFIC CORPORATION Registrant (SGD.) ANTONIO A. PICAZO Corporate Secretary Footnotes * as reported by the stock transfer agent as of 31 January 1998 ** as of 31 January 1998