PSE Circular for Brokers No. 1039-98

May 15, 1998 PSE CIRCULAR FOR BROKERS NO. 1039-98 May 14, 1998 PHILIPPINE STOCK EXCHANGE, INC . PSE Centre, Exchange Road Ortigas Center, Pasig City Fax No. 636-08-09 Attention: Ms . Maria Isabel T . Garcia Head, Listing Department Gentlemen : In compliance with the existing rules of the Exchange, please be informed that in a special meeting of the Board of Directors of Ebecom Holdings, Inc. held this afternoon, the Board of Directors has resolved to postpone the Annual Meeting of Stockholders scheduled on May 25, 1998 at 4:00 p.m. to June 23, 1998 at 8:00 a.m. in view of the inability of the external auditors of the Corporation to complete the preparation of the final audited financial statements as of the fiscal year, ended December 31, 1997. The audited financial statements are required to be furnished, together with certain reports, to all stockholders within the period specified under the SEC Full Disclosure Rules. The postponement of the Annual Meeting is necessary to enable the Corporation to comply with the SEC requirements. The record date, i.e. May 4, 1998, and the agenda shall, however, remain the same, to wit: 1. Call to Order 2. Notice and Determination of Quorum 3. Approval of the Minutes of the Annual Meeting Held on July 9, 1997 4. Report of Management for the year 1997 5. Election of Directors for 1998-1999 6. Appointment of External Auditor 7. Other Matters as May Properly Come Before the Meeting 8. Adjournment Thank you. Very truly yours, (SGD.) ATTY. NEMESIO R. BRIONES Corporate Secretary