AGP Industrial Corporation

June 5, 1998 PSE CIRCULAR FOR BROKERS NO. 1261-98 SUBJECT : AGP Industrial Corporation Further to Circular No. 980-98 dated May 8, 1998, AGP Industrial Corporation ("AGP") furnished the Exchange a copy of SEC Form 34-C (Definitive Information Statement) in connection with its Annual Stockholders' Meeting which will be held on June 15, 1998 , at 3:00 p.m., at the Dasmarias Room of the Makati Sports Club, Alfaro Street, Salcedo Village, Makati City. The agenda for the meeting shall be as follows: 1. Call to Order 2. Proof of Notice of Meeting 3. Determination of Quorum 4. Reading and Approval of the Minutes of the Annual Stockholders' Meeting of 11 June 1997 5. Management Report 6. Confirmation and Ratification of all Acts, Proceedings and Resolutions of the Board of Directors and Management covered by the Management Report 7. Election of Directors 8. Confirmation and Ratification of the Pledging of AGPI's holdings of AG&P shares to secure corporate indebtedness 9. Appointment of External Auditor 10. 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 AGP's Definitive Information 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