Jardine Davies, Inc.

May 6, 1999 PSE CIRCULAR FOR BROKERS NO. 1006-99 SUBJECT : Jardine Davies, Inc. Jardine Davies, Inc. ("JDI") furnished the Exchange a copy of its SEC Form 34-C (Preliminary Information Statement) in connection with its Annual Stockholders' Meeting which will be held on June 11 , 1999 , at 4:00 P.M. at the Nash Room, 3rd Floor, Mandarin Oriental Manila, corner Makati Avenue and Sen. Gil J. Puyat Avenue, Makati City. The Agenda for the meeting shall be as follows: 1. Call to Order; 2. Certificate of Notice and Quorum; 3. Approval of the Minutes of the Previous Annual Stockholders' Meeting; 4. Report of the Chairman; 5. Ratification of all Acts and Proceedings of the Board of Directors and Management during the year 1998; 6. Approval of the 1998 Audited Financial Statements; 7. Election of Directors; 8. Transaction of such other matters as may properly come before the meeting; and 9. Adjournment Stockholders of record as of April 30 , 1999 are entitled to notice of, and to vote at, said meeting. cdlex A copy of JDI's Preliminary Information Statement is available for reference at the PSE Library and PSE-Plaza Administration Office. For your information. (SGD.) JOSE LUIS U. YULO, JR. President and CEO