House of Investments, Inc.

May 20, 1999 PSE CIRCULAR FOR BROKERS NO. 1139-99 SUBJECT : House of Investments, Inc . Further to Circular No. 969-99 dated May 4, 1999, House of Investments, Inc. ("HI") furnished the Exchange a copy of its SEC Form 34-A (Definitive Proxy Statement), including its 1998 Annual Report, in connection with its Annual Stockholders' Meeting which will be held on June 7, 1999 , at 2:30 p.m., at the Garcia-Villa, Balagtas, Balmori Rooms, Manila Peninsula Hotel, Ayala Avenue corner Makati Avenue, Makati City. The agenda for the meeting shall be as follows: 1. Call to Order 2. Proof of Notice and Certification of a quorum 3. Approval of the Minutes of the Annual Meeting of the Stockholders held on June 1, 1998 4. Approval of the Annual Report and Audited Financial Statements for 1998 5. Ratification and confirmation of the acts, resolutions and proceedings of the Board of Directors, Executive Committee and the Officers of the Company during the year 1998 6. Election of Directors for 1999-2000 7. Appointment of External Auditor 8. Such other business that may properly come before the meeting 9. Adjournment As previously announced, stockholders of record as of May 17, 1999 are entitled to notice of, and to vote, at, said meeting. LLpr A copy of HI's Definitive Proxy Statement, together with its 1998 Annual Report, is available for reference at the PSE Library and PSE-Plaza Administration Office. For your information. (SGD.) RAFAEL L. LLAVE Chief Operating Officer