Belle Corporation

June 5. 1998 PSE CIRCULAR FOR BROKERS NO. 1260-98 SUBJECT : Belle Corporation Further to Circular No. 1060-98 dated May 19, 1998, Belle Corporation ("BEL") furnished the Exchange 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 3:00 p.m., at the Garden Ballroom, Shangri-La's EDSA Plaza Hotel, Mandaluyong City. The agenda for the meeting shall be as follows: 1. Call to Order 2. Proof of Notice of Meeting 3. Certification of Quorum 4. Approval of the Minutes of the Previous Meeting of Stockholders 5. Approval of 1997 Operations and Results 6. Election of Directors 7. Appointment of Sycip Gorres Velayo & Co. as External Auditors 8. Other Matters 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 BEL'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