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March 21, 2000PSE CIRCULAR FOR BROKERS NO. 719-00March 16, 2000PHILIPPINE STOCK EXCHANGEPSE Center, Exchange RoadOrtigas CenterPasig City, Metro ManilaAttention: MS. GRACE DE GUIAListing and DisclosureGentlemen :Please be advised that effective March 16, 2000 the Philippine Banking Corporation s new stock transfer agent is Metrobank-Trust Division located at 5th Floor, Metrobank Plaza, Sen. Gil Puyat Avenue, Makati City.In this regard, all transactions related to Philbank shares should be delivered directly to the above new stock transfer agent.For your information. Thank you.Very truly yours,(SGD.) RENATO J. FERNANDEZAssistant Corporate Secretary