PSE Circular for Brokers No. 905-99

April 28, 1999 PSE CIRCULAR FOR BROKERS NO. 905-99 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. 27 April 1999 (Date of Report) 2. SEC Identification Number 163671 3. BIR Tax Identification No. 320-000-804-342 4. GUOCO HOLDINGS (PHILIPPINES), INC. Exact name of registrants as specified in its charter 5. Metro Manila, Philippines Province, country or other jurisdiction in incorporation 6. (SEC Use Only) Industry Classification Code 7. 17/F, BA-Lepanto Building, 8747 Paseo de Roxas, Makati City Address of Registrant's Principal Office 8. (632) 887-8701 Registrant's Telephone Number, including area code 9. Securities registered pursuant to Sections 4 and 8 of the RSA (As of 31 March 1999) Title of each Class Number of shares of Common Stock Outstanding and Amount of Debt Outstanding Common Shares 2,366,444,383 Preferred Shares 0 Loans Payable P9.4822 billion 10. Indicate the item numbers reported herein: Item 2 In compliance with the Disclosure Rules of the Securities & Exchange Commission, we wish to inform you that PepsiCo, Inc. (PCI), through its indirect subsidiary PepsiCo Global Investment II B.V. (PGI), has acquired an additional 11.38% equity interest in Pepsi-Cola Products Philippines, Inc. (PCPPI) an indirect subsidiary of Guoco Holdings (Philippines), Inc., through the purchase of PCPPI shares owned by Guoco Brands International, Inc., an indirect subsidiary of GHPI. With the said acquisition, PCI/PGI now holds a 32.87% equity interest in PCPPI. cdt GUOCO HOLDINGS (PHILIPPINES), INC. By: (SGD.) DAISY L. PARKER Corporate Secretary