NYSE To Continue to Trade Benguet Corporation Until January 10, 2000

The New York Stock Exchange announced today that trading in the common stock of Benguet Corporation (the "Company")-- ticker symbol BE - will now continue through Friday, January 7, 1999 and accordingly will be suspended prior to the opening on Monday, January 10, 2000. The Exchange had previously announced on December 22, 1999 that trading would be suspended on December 27, 1999. Following suspension, application will be made to the Securities and Exchange Commission to delist the issue. The NYSE noted that it may, at any time, suspend a security if it believes that continued dealings in the security on the NYSE are not advisable.