PSE Circular for Brokers No. 1199-98

May 22, 1998 PSE CIRCULAR FOR BROKERS NO. 1199-98 SECURITIES AND EXCHANGE COMMISSION SEC Building EDSA, Mandaluyong City Attention: Ms . Linda Daoang Director, Money Market Operations Department Fax No . 727-5103 Gentlemen : RE : JG Summit Holdings, Inc. Annual Meeting of Stockholders Please be informed that in accordance with the provisions of Section 1, Article II of the Amended By-Laws of JG SUMMIT HOLDINGS, INC., the Board of Directors sets the forthcoming Annual Stockholders' Meeting of the corporation on July 29, 1998 at 4:00 p.m. at the Amorsolo Ballroom of the Manila Galleria Suites, Asian Development Bank Avenue, Ortigas Center, Pasig City, Metro Manila. Only stockholders of record as of June 30, 1998 will be entitled to notice of the meeting and to vote. Notice of the Annual Meeting of Stockholders, together with the agenda for the meeting, will be sent to all stockholders of record at least twenty (20) days prior to the meeting date as prescribed by the By-Laws. Thank. you very much for your kind attention. Very truly yours, JG Summit Holdings, Inc. (SGD.) EMMANUEL C. ROJAS, JR. Corporate Secretary