Southeast Asia Cement Holdings, Inc.

June 1, 1998 PSE CIRCULAR FOR BROKERS NO. 1195-98 SUBJECT : Southeast Asia Cement Holdings, Inc . Further to Circular No. 884-98 dated April 30, 1998, Southeast Asia Cement Holdings, Inc. ("CMT") furnished the Exchange on May 28, 1998 a copy of SEC Form 34-A. (Definitive Proxy Statement) in connection with its Annual Stockholders' Meeting which will be held on June 24, 1998 , at 8:00 a.m., at the Ballroom 3, New World Hotel, Esperanza Street corner Makati Avenue, Makati City. The agenda for the meeting shall be as follows: 1. Certification of notice and determination of quorum 2. Reading and approval of the minutes of previous meeting 3. Annual Report 4. Ratification of the acts of the Board of Directors, the Executive Committee and Management from June 27, 1997 to June 24, 1998 5. Ratification of the resolutions of the Board of Directors adopted on April 27, 1998 approving the following: 5.1 Increase in Authorized Capital Stock from P6.150 Billion to P7.3 Billion and the Amendment of Article Seventh of the Amended Articles of Incorporation to reflect the said capital increase 5.2 Declaration of 6% Stock Dividend from the 1997 retained earnings 5.3 Flotation of Convertible Bonds to US$ 120 Million 6. Election of Directors 7. Appointment of External Auditor 8. Consideration of such other business as may properly come before the meeting 9. Adjournment As previously announced, stockholders of record as of May 15, 1998 are entitled to notice of, and to vote at, said meeting. A copy of CMT's Definitive Proxy Statement is available for reference at the PSE Library and PSE-Plaza Administration Office. For your information. (SGD.) REYNOLD P. ONG Vice-President, Listings and Disclosure Group