PSE Circular for Brokers No. 991-98

May 8, 1998 PSE CIRCULAR FOR BROKERS NO. 991-98 May 7, 1998 Philippine Stock Exchange Exchange Road, Ortigas Center Pasig City Attention: Head Listing Gentlemen : This is to advise that at the Annual Meeting of Stockholders of the Company hold on May 7, 1998, the following persons were elected Directors for the ensuing corporate year: Enrique Cheng Emmanuel N. Pelaez Antonio O. Cojuangco Rodolfo V. Romero Helen Y. Dee Roberto R. Romulo Magtanggol C. Gunigundo Celso L. Samaniego Antonio M. Meer Renato C. Valencia Alfonso Yuchengco At the meeting of the Board of Directors that immediately followed the adjournment of the Annual Meeting of Stockholders, the persons listed in the attached sheet were re-elected to the positions indicated opposite their respective names. Very truly yours, PHILIPPINE LONG DISTANCE TELEPHONE COMPANY (SGD.) ENRIQUE D. PEREZ Secretary NAME POSITION Roberto R. Romulo Chairman of the Board Antonio O. Cojuangco President and Chief Executive Officer Enrique D. Perez Senior Executive Vice President, Chief Operating Officer, General Counsel and Secretary Jose Yulo III Treasurer Ricardo R. Zarate Executive Vice President Edgardo M. del Fonso Executive Vice President Federico K. Maramba Auditor General Antonio R. Samson Senior Vice President Nestor Luis A. Virata Senior Vice President Miguel O. Cojuangco Senior Vice President Cesar G. Reyes Senior Vice President Sennen G. Lazo First Vice President and Assistant Secretary Emiterio A. Trinidad First Vice President Ramon S. Santiago First Vice President Emmanuel V. Albania First Vice President Isabelo A. Ferido, Jr First Vice President Renato C. Gondrano First Vice President Reynaldo A. Evidente First Vice President Felix P. Flores II First Vice President Jose Y. Ladia, Jr. First Vice President George N. Lim First Vice President Anabelle Lim-Chua First Vice President Jorge P. Lontoc Vice President Victor O. Romero Vice President Rogelio C. Austriaco Vice President Raul J. Palabrica Vice President Eriberto B. Gesalta Vice President Rogelio S. Abad Vice President Eduardo G. Co Vice President Nemesio P. Mina Vice President Manuel M. Rafael Vice President Ramon B. Rivera, Jr. Vice President Nicanor B. Sacdalan Vice President Roberto S. Caoyonan Vice President Jesus C. Huidem Vice President Erlinda A. Kabigting Vice President Mario C. Paguio Vice President Eriberto V. Melliza Vice President Esplendor A. Lumang Vice President Wilfredo A. Gaudia Vice President Domingo M. Ifurung Vice President Felizardo P. Dela Merced Vice President Lourdes M. Salgado Vice President Rodolfo R. Santos Vice President Emiliano R. Tanchico Vice President German A. Umali Vice President Reynaldo Y. Puzon Vice President Raymond S. Relucio Vice President Ma. Teresa T. Ruiz Vice President Ricardo M. Sison Vice President Ricardo B. Tan, Jr. Vice President