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Filsyn Corporation

PSE Circular for Brokers No. 1148-98 • Philippine Stock Exchange • Circulars for Brokers • May 25, 1998

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May 25, 1998 PSE CIRCULAR FOR BROKERS NO. 1148-98 Philippine Stock Exchange Tektite Tower, Ortigas Avenue Ortigas Center, Pasig City Attention: Compliance and Surveillance Department RE : Filsyn Corporation Dear Sirs : This is to advise that the Board of Directors of Filsyn Corporation in its special meeting on May 25, 1998 (a) approved the financial restructuring of its loan obligations with various banks and (b) reconfirmed the sale of certain of its fixed assets (previously approved by the board and reported to this Office). Very truly yours, (SGD.) CIRILO T. TOLOSA Corporate Secretary Filsyn Corporation

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