Kuok Philippine Properties, Inc.

June 1, 1999 PSE CIRCULAR FOR BROKERS NO. 1272-99 SUBJECT : Kuok Philippine Properties, Inc . Further to Circular No. 1085-99 dated May 14, 1999, Kuok, Philippine Properties, Inc. ("KPP") furnished the Exchange a copy of its SEC Form 34-C (Definitive Information Statement), including its 1998 Annual Report, in connection with its Annual Stockholders' Meeting which will be held on June 17, 1999 , at 10:00 a.m., at the Garden Ballroom of the Shangri-La's EDSA Plaza Hotel, Ortigas Center, Mandaluyong City. LLphil As previously announced, stockholders of record as of May 18, 1999 are entitled to notice of, and to vote, at, said meeting. Minutes of the last Stockholders' Meeting and the Form 11-A (Annual Report) for the year ended 31 December 1998, as well as the resolutions of the Board of Directors to be presented for approval, will be available for examination during office hours at the office of the Corporate Secretary. Any stockholder who cannot attend the meeting personally should submit a proxy form which must be filed with and received by the Corporate Secretary at least five (5) days before the date set for the annual meeting. A copy of KPP's Definitive Information Statement, including its 1998 Annual Report, 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