I, FIDEL V. RAMOS, President of the Philippines, by virtue of the powers vested in me by law, do hereby amend Section 1 of Executive Order No. 359 dated 16 August 1996 entitled œAdjusting the Dividend Rates of Selected Government Owned and/or Controlled Corporations on their 1995 Net Earnings Pursuant to Section 5 of Republic Act No. 7656  to include the National Power Corporation which shall declare cash dividends adjusted from fifty percent (50%) to ten percent (10%).

This Executive Order shall take effect immediately.

DONE in the City of Manila, this 20th day of February in the year of Our Lord, Nineteen Hundred and Ninety-Seven.

(SGD.) FIDEL V. RAMOS

By the President:

(SGD.) RUBEN D. TORRES
Executive Secretary