Kuok Philippine Properties, Inc.

May 26, 1998 PSE CIRCULAR FOR BROKERS NO. 1141-98 SUBJECT : Kuok Philippine Properties, Inc. Further to Circular No. 1032-98 dated May 14, 1998, Kuok Philippine Properties, Inc. ("KPP") furnished the Exchange on May 25, 1998 a copy of SEC Form 34-C (Definitive Information Statement) in connection with its Annual Stockholders' Meeting which will be held on June 19, 1998 , at 3:00 p.m., at the Garden Ballroom of the Shangri-La's EDSA Plaza Hotel, Ortigas Center, Mandaluyong 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 Meeting of the Stockholders held on 23 June 1997 4. Report of Management 5. Ratification of Acts of Management and the Board of Directors 6. Election of the Board of Directors for the year 1998-1999 7. Approval of the increase in the authorized capital stock and the funding thereof by way of a capital and/or debt instrument issuance, i.e. common and/or preferred convertible shares, convertible bonds, warrants, options and other forms of equity-linked securities, and the corresponding amendment of Article VII of the Articles of Incorporation 8. Amendment of Article 11, Section 2 of the By-Laws 9. Amendment of Employee Stock Option Plan (ESOP) 10. Election of External Auditors 11. Other Matters 12. Adjournment As previously announced, stockholders of record as of May 20, 1998 are entitled to notice of, and to vote at, said meeting. A copy of KPP's Definitive Information Statement is available for reference at the PSE Library and PSE-Plaza Administration Office. (SGD.) REYNOLD P. ONG Vice-President, Listings and Disclosure Group