PSE Circular for Brokers No. 916-99

April 29, 1999 PSE CIRCULAR FOR BROKERS NO. 916-99 April 28, 1999 PHILIPPINE STOCK EXCHANGE, INC . Listing Group Compliance and Monitoring Philippine Stock Exchange Centre Exchange Road, Ortigas Center Pasig City Attention: Maria Isabel T . Garcia Head , Listing Group Gentlemen : Please be notified that during a special meeting held on April 28, 1999, the Board of Directors of Jollibee Foods Corporation declared a cash dividend of P0.10 for every common, share in favor of all stockholders of record as of May 14, 1999, which is payable on June 04, 1999. Attached is the copy of the Secretary's Certificate containing the applicable board resolution. LLpr CASH DIVIDEND CASH P0.10 PER SHARE EX-CASH MAY 10, 1999 RECORD DATE MAY 14, 1999 DATE PAYABLE JUNE 4, 1999 Very truly yours, (SGD.) RUFINO L. DE LA ROSA VP Finance REPUBLIC OF THE PHILIPPINES ) PASIG CITY, METRO MANILA )S. S. SECRETARY'S CERTIFICATE I, WILLIAM TAN UNTIONG , Filipino, of legal age, as the duly elected Corporate Secretary of JOLLIBEE FOODS CORPORATION , a publicly-listed corporation duly organized and existing under and by virtue of the laws of the Republic of the Philippines, do hereby certify that the following resolutions were approved at the special meeting of the Board of Directors of said Corporation held on April 28, 1999: "RESOLVED, That the Corporation hereby declares, out of its unrestricted retained earnings as of December 31, 1997, a cash dividend of P 0.10 per common share, payable to all stockholders of record as of May 14 and payable on June 04,1999." IN WITNESS WHEREOF, I hereunto affixed my signature on this 28th day of April, 1999, at Pasig City, Metro Manila. prLL (SGD.) WILLIAM TAN UNTIONG SUBSCRIBED AND SWORN to before me this 28th day of April 1999, at Pasig City, Metro Manila. Affiant exhibited to me his Community Tax Certificate No. 00506633, issued at Pasig City, on February 27, 1999. (SGD.) GINGER ANNE CASTILLO NOTARY PUBLIC UNTIL DECEMBER 31 , 2000 PTR NO . 0077976 PASIG-1-22-99 IBP NO . 475215 MAKATI-1-22-99 Doc. No. 112; Page No. 23; Book No. I; Series of 1 9 9 9.