A Brown Company, Inc.

June 1, 1999 PSE CIRCULAR FOR BROKERS NO. 1259-99 SUBJECT : A Brown Company, Inc . A Brown Company, Inc. furnished the Exchange a copy of its SEC Form 34-C (Preliminary Information Statement) in connection with its Annual Stockholders' Meeting which will be held on June 29, 1999 , at 2:30 P.M. at the Valley Golf Club, Inc., Antipolo City. The agenda for the meeting shall be as follows: 1. Call to Order; 2. Certification of notice and quorum; 3. Reading and Approval of the Minutes of the Annual Stockholders' Meeting on 29 June 1998 and Minutes of the Special Stockholders' Meeting on 11 May 1999; cdt 4. Annual Report and Audited Financial Statements for year ended 31 December 1998; 5. Ratification of the acts and resolutions of the Board of Directors and Officers since the last annual meeting; 6. Election of Directors for the ensuing year; 7. Appointment of External Auditor; 8. Other matters; and 9. Adjournment. Stockholders of record as of April 30, 1999 are entitled to notice of, and to vote at, said meeting. A copy of BRN's Preliminary Information Statement is available for reference at the PSE Library and PSE-Plaza Administration Office. For your information. (SGD.) JOSE LUIS U. YULO, JR. President and CEO