Fil-Hispano Holdings Corporation

May 12, 1999 PSE CIRCULAR FOR BROKERS NO. 1057-99 SUBJECT : Fil-Hispano Holdings Corporation . Further to Circular for Brokers No. 647-99 dated March 31, 1999, Fil-Hispano Holdings Corporation ("FH") 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 8, 1999 , at 3:00 P.M. at the Metropolitan Club, Estrella cor. Amapola Street, Bel-Air Village, Makati 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 the minutes of the 1998 annual meeting of the stockholders 4. Management Report and Audited Financial Statements for 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 As previously announced, stockholders of record as of May 7, 1999 are entitled to notice of, and to vote at, said meeting. A copy of FH's Preliminary Information Statement available for reference at the PSE Library and PSE-Plaza Administration Office. For your information. (SGD.) JOSE LUIS U. YULO, JR. President & CEO