PSE Circular for Brokers No. 970-99

May 4, 1999 PSE CIRCULAR FOR BROKERS NO. 970-99 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES (RSA) AND RSA RULE 11(a)-l(b)(3) 1. Date of Report (date of earliest event reported) 27 April 1999 2. SEC Identification Number The SEC Registration No. of the Registrant is 10044 3. BIR Tax Identification No. The BIR Tax Identification No. of the Registrant is 043 000 283 731 4. Exact name of Registrant as specified in its charter PHILEX MINING CORPORATION 5. Province, country or other jurisdiction of incorporation Manila, Philippines 6. Industry Classification Code (SEC Use Only) 7. Address of principal office Philex Bldg., Brixton and Fairlane Sts., Pasig City 8. Registrant' s telephone number, including area code (632)6319496 9. Former name or former address, if changed since last report The Registrant has not changed its address since its last report to this Honorable Commission 10. Securities registered pursuant to Sections 4 and 8 of the RSA Number Shares Title of No. of Shares Registrant Each Class Outstanding 5,000,000,000 Common A 1,795,779,839 Common B 1,162,010,421 11. Indicate the item numbers reported herein: Item No. 4 Election of Registrant's Director During the regular Board of Directors' meeting of the Registrant held on 27 April 1999, upon motion duly made and seconded, the Board elected Mr. Manuel B. Zamora, Jr. as a Director of the Registrant, filling in the vacancy left by Robert McCallum who retired from the Registrant effective 31 December 1998. Mr. Zamora will serve as a Director starting from the date of his election until his successor has been duly elected by the Board. LexLib PHILEX MINING CORPORATION By: (SGD.) BARBARA ANNE C. MIGALLOS Corporate Secretary