PSE Circular for Brokers No. 855-99

April 26, 1999 PSE CIRCULAR FOR BROKERS NO. 855-99 April 22, 1999 PHILIPPINE STOCK EXCHANGE Exchange Center, Exchange Road Ortigas Center, Pasig City Attention: Ms . Grace B . De Guia Compliance Monitoring & Listings Group Gentlemen : In compliance with your rules on corporate disclosure, please be informed that the following were duly elected directors of Republic Cement Corporation for 1999-2000 by the stockholders during their annual meeting held this afternoon: 1. Mr. Aloysius B. Colayco 2. Mr. Michael A. Fitch 3. Mr. Aurelio R. Montinola III 4. Mr. Juan Miguel R. Montinola 5. Ms. Ana B. Pastelero 6. Mr. Alfonso M. Recto, Jr. 7. Mr. Philip Anthony Roseberg 8. Ms. Jocelyn I. Salazar 9. Mr. Henry Sy, 10. Mr. James T. Wilson 11. Mr. Alfonso S. Yuchengco III 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. Aloysius B. Colayco Chairman Mr. Aurelio R. Montinola III Vice Chairman Mr. Juan Miguel R. Montinola President and CEO Mr. Alfonso M. Recto, Jr. 1st Vice President Mr. James T. Wilson 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 The members of the Executive Committee are: 1. Mr. Juan Miguel R. Montinola Chairman 2. Mr. Michael A. Fitch Member 3. Ms. Ana B. Pastelero Member 4. Mr. Alfonso M. Recto, Jr. Member 5. Mr. James T. Wilson Member We trust you will find this report in order. Very truly yours, REPUBLIC CEMENT CORPORATION (SGD.) CATHERINE T. MANAHAN Corporate Secretary