PSE Circular for Brokers No. 897-98

April 30, 1998 PSE CIRCULAR FOR BROKERS NO. 897-98 The Philippine Stock Exchange Exchange Road, Ortigas Center Pasig City Attention: Ms . Maria Isabel T . Garcia Head, Listing Department Gentlemen : Please be advised of the following: 1. At the stockholders' meeting of PCIBank held on 30 April 1998, the following were elected directors: Name Address Eugenio Lopez, Jr. 5/F Benpress Building Exchange Road corner Meralco Ave. Pasig City John Gokongwei, Jr. 29th Floor, Galleria Corporate Center Ortigas Avenue corner EDSA Quezon City Rafael B. Buenaventura 21st Floor PCIBank Tower I Makati Ave. cor. H.V. dela Cost St., Makati City Robert Coyinto, Jr. Coyinto House 119 Alvarado Street, Legaspi Village Makati City Johnson Robert Go 29th Floor, Galleria Corporate Center Ortigas Avenue corner EDSA Quezon City Lance Y. Gokongwei 29th Floor, Galleria Corporate Center Ortigas Avenue corner EDSA] Quezon City Augusto Almeda Lopez 5/F Benpress Building Exchange Road corner Meralco Ave., Pasig City Manuel M. Lopez Lopez Building Meralco Center Ortigas Avenue, Pasig City Ferdinand Martin G. Romualdez 3/F Universal-Re Bldg. 106 Paseo de Roxas, Makati City Renato B. Magadia 3/F Zuellig Bldg. Sen. Gil J. Puyat Avenue Makati City Willian Gatchalian 22/F Citibank Tower Paseo de Roxas, Makati City 2. At the Organizational Meeting of the Board of Directors of PCIBank held on 30 April 1998, the following were elected Corporate Officers: cdll Chairman of the Board Eugenio Lopez, Jr. Vice Chairman John Gokongwei, Jr. President/CEO Rafael B. Buenaventura Treasurer Esperanza S. Osmena Corporate Secretary Marcial O. T. Balgos Assistant Treasurer Lance Y. Gokongwei Assistant Corporate Secretary Lutgarda C. Baquiran-Peralta Thank you for your attention. Very truly yours, (SGD.) MARCIAL O. T. BALGOS Corporate Secretary