JG Summit Holdings, Inc.

June 1, 1999 PSE CIRCULAR FOR BROKERS NO. 1271-99 SUBJECT : JG Summit Holdings, Inc . JG Summit Holdings, Inc. ("JGS") furnished the Exchange a copy of its SEC Form 34-C (Preliminary Information Statement), including its 1998 Audited Financial Statements for the period ended December 31, 1998, in connection with its Annual Stockholders' Meeting which will be held on August 3, 1999 , at 4:00 p.m., at the Amorsolo Ballroom of the Manila Galleria Suites, Asian Development Bank Avenue, Ortigas Center, Pasig City. The agenda for the meeting shall be as follows: 1. Proof of notice of the meeting and existence of a quorum 2. Reading and approval of the minutes of the Annual Stockholders' Meeting held on July 29, 1998 3. Annual Report and approval of Financial Statements of the preceding year 4. Ratification of all acts of the Board of Directors and Management since the last annual stockholders' meeting of July 29, 1998 cdt 5. Election of Board of Directors 6. Election of External Auditors 7. Unfinished and/or new business(es) 8. Consideration of such other matters as may properly come during the meeting 9. Adjournment Stockholders of record as of July 5, 1999 are entitled to notice of, and to vote, at, said meeting. A copy of JGS' Preliminary Information Statement, including its 1998 Audited Financial Statements, 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