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BENGUET ANNOUNCES RESULTS OF ANNUAL MEETING

 BENGUET ANNOUNCES RESULTS OF ANNUAL MEETING
 MANDALUYONG, Metro Manila, May 28 /PRNewswire/ -- Benguet


Corporation (NYSE: BE) announced the results of its 1992 annual meeting. All of Benguet's nominees for the board of directors were elected, including three of six directors representing the company's Class A stocks and all four persons representing the company's Class B stock. However, only one (Antonio P. Tambunting Jr.) of three persons nominated by the Philippine Presidential Commission on Good Government (PCGG) was elected. Instead two persons not previously nominated, Benjamin P.G. Romauldez and Ferdinand M.C. Romauldez, were elected.
 On the morning of Benguet's annual meeting, Benguet was served with a court order the effect of which was to permit the registered owner of approximately 21,000,000 Class A shares held in sequestration by the PCGG, rather than the PCGG itself, to vote said shares. That registered owner voted its shares for the election of Benjamin P.G. Romauldez and Ferdinand M.C. Romauldez. The PCGG had sequestered the shares in issue in 1986, the beneficial owner of the shares allegedly being Benjamin Romauldez, the brother-in-law of former president Ferdinand Marcos.
 Following the annual meeting of stockholders, the newly elected board elected officers for the coming year. All of Benguet's existing principal were re-elected.
 -0- 5/28/92
 /CONTACT: Robert V. Schnabel, U.S. counsel, Benguet Corporation, 202-638-2241/
 (BE) CO: Benguet Corporation ST: IN: MNG SU:


MH -- DC003 -- 4613 05/28/92 09:47 EDT
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Publication:PR Newswire
Date:May 28, 1992
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