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Fil-Estate Land, Inc.

PSE Circular for Brokers No. 1184-98 • Philippine Stock Exchange • Circulars for Brokers • May 28, 1998

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May 28, 1998 PSE CIRCULAR FOR BROKERS NO. 1184-98 Disclosure Department Listing and Disclosure Group 4/F Philippine Stock Exchange Center PSE Centre, Exchange Road Ortigas Center, Pasig City Attention: Mr . Reynold P . Ong Vice President Listings & Disclosure Group Re : Fil-Estate Land, Inc . Please be informed that the Board of Directors of Fil-Estate Land, Inc., have resolved to change the venue and time of the annual stockholders' meeting scheduled on 8 June 1998 as follows: Old Venue New Venue Bramante Ballroom Isla Ballroom II Renaissance Towers EDSA Plaza Shangri-La Hotel 2:30 p.m. 8:00 a.m. Appropriate notices of the foregoing changes shall be send to all registered stockholders as of record date, 7 April 1997. Thank you and we remain, Very truly yours, FIL-ESTATE LAND, INC. By: (SGD.) AVELINO M. SEBASTIAN, JR. Corporate Secretary

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