Anglo Philippine Holdings Corporation

May 10, 1999 PSE CIRCULAR FOR BROKERS NO. 1021-99 SUBJECT : Anglo Philippine Holdings Corporation Anglo Philippine Holdings Corporation ("APO") furnished the Exchange a copy of its SEC Form 34-A (Definitive Proxy Statement), with its 1998 Audited Financial Statements, in connection with its Annual Stockholders' Meeting which will be held on June 11 , 1999 , at 3:00 p.m., at the Santan Room of the Shangri-La Edsa Plaza Hotel, Ortigas Center, Mandaluyong City. The agenda for the meeting shall be as follows: 1. Call to order 2. Proof of notice and certification of quorum 3. Approval of minutes of the previous meeting of the stockholders 4. Management Report and Audited Financial Statements for the year ended December 31, 1998 5. Ratification of Previous Corporate Acts 6. Election of Directors 7. Appointment of External Auditors 8. Other Matters 9. Adjournment Stockholders of record as of April 30 , 1999 are entitled to notice of, and to vote, at, said meeting. A copy of APO's Definitive Proxy Statement, including its 1998 Audited Financial Statements, is available for reference at the PSE Library and PSE-Plaza Administration Office. cdt For your Information. (SGD.) JOSE LUIS U. YULO, JR. President and CEO