PSE Circular for Brokers No. 1070-99

May 13, 1999 PSE CIRCULAR FOR BROKERS NO. 1070-99 May 12, 1999 SECURITIES AND EXCHANGE COMMISSION SEC Building, EDSA, Greenhills City of Mandaluyong, Metro Manila Gentlemen : Please be advised that the Annual Stockholders' Meeting of the Abacus Consolidated Resources and Holdings, Inc. will be on June 28, 1999 at 9.00 a..m. to be held at the Ylang-Ylang Room, Club-Filipino, Greenhills, San Juan, Metro Manila. All stockholder' of record as of the end of business day of June 8, 1999 are entitled to vote in person and/or by proxy. Please find the attached agenda for the said meeting. cdt Thank you. Very truly yours, ABACUS CONSOLIDATED RESOURCES AND HOLDINGS, INC. By: (SGD.) LEONARDO S. GAYAO Corporate Secretary 06 May 1999 NOTICE OF RE-SCHEDULING OF THE ANNUAL STOCKHOLDERS' MEETING OF THE ABACUS CONSOLIDATED RESOURCES AND HOLDINGS, INC. Gentlemen : Please be advised that the Annual Stockholders' Meeting of the Abacus Consolidated Resources and Holdings, Inc. (the "Corporation") originally scheduled for May 13, 1999 has been re-scheduled to June 28, 1999 at 9:00 a.m. to be held at the Ylang-Ylang Room Club Filipino, Eisenhower Street corner McKinley Street, Greenhills, San Juan, Metro Manila. The Agenda for the said meeting will be as follows: 1. CALL OF MEETING TO ORDER; 2. DETERMINATION OF QUORUM; 3. APPROVAL OF THE MINUTES OF THE STOCKHOLDERS' MEETING HELD ON AUGUST 17, 1998; 4. REPORT TO THE STOCKHOLDERS; 5. APPROVAL OF THE 1998 AUDITED FINANCIAL STATEMENTS; 6. ELECTION OF THE MEMBERS OF THE BOARD OF DIRECTORS; 7. APPOINTMENT OF TRANSFER AGENT; 8. APPOINTMENT OF EXTERNAL AUDITOR; 9. RATIFICATION OF ACTS OF THE BOARD OF DIRECTORS AND OFFICERS OF THE CORPORATION; 10. OTHER MATTERS; 11. ADJOURNMENT. All stockholders of record as of the end of the business day as of June 8, 1999 shall be entitled to vote in person and/or by proxy. Proxy statement will be furnished to all stockholders after approval thereof by the Securities and Exchange Commission. Please be guided accordingly. Thank You. Very truly yours, ABACUS CONSOLIDATED RESOURCES AND HOLDINGS, INC. By: (SGD.) LEONARDO S. GAYAO Corporate Secretary