Filinvest Land Incorporated

May 20, 1998 PSE CIRCULAR FOR BROKERS NO. 1079-98 SUBJECT : Filinvest Land Incorporated Further to Circular No. 783-98 dated April 23, 1998, Filinvest Land Incorporated ("FLI") furnished the Exchange on May 19, 1998 a copy of SEC Form 34-C (Information Statement) in connection with its Annual Stockholders' Meeting which will be held on May 22, 1998 , at 9:00 a.m., at the FCC Marketing Office, Filinvest Corporate City, Alabang, Muntinlupa City. The agenda for the meeting shall be as follows: 1. Call to Order 2. Certification of notice and quorum 3. Approval of the Minutes of the Annual Stockholders' Meeting held on May 9, 1997 4. Presentation and approval of the President's Report 5. Ratification of all acts and resolutions of the outgoing Board of Directors and Corporate Officers 6. Election of the Board of Directors for CY 1998-1999 7. Appointment of External Auditors 8. Other Matters 9. Adjournment As previously announced, stockholders of record as of April 24, 1998 are entitled to notice of, and to vote at, said meeting. A copy of FLI's Information Statement is available for reference at the PSE Library and PSE-Plaza Administration Office. cdlex For your information. (SGD.) REYNOLD P. ONG Vice-President, Listings and Disclosure Group