PSE Circular for Brokers No. 1314-98

June 8, 1998 PSE CIRCULAR FOR BROKERS NO. 1314-98 SECURITIES AND EXCHANGE COMMISSION SEC Building, EDSA, Greenhills City of Mandaluyong, Metro Manila NOTICE OF RE-SCHEDULING OF THE ACTUAL STOCKHOLDERS' MEETING OF THE ABACUS CONSOLIDATED RESOURCES & HOLDINGS, INC. (ABACUS) (SEC ID NO. 98780) Gentlemen : Notice is hereby given that the stockholders' meeting of ABACUS CONSOLIDATED RESOURCES & HOLDINGS, INC., scheduled for June 29, 1998, has been re-scheduled to August 17, 1998 at 9.00 A.M. to be held at the Ylang Ylang Room, Club Filipino, Annapolis Street corner Eisenhower Street, Greenhills, San Juan, Metro Manila, Philippines. The annual meeting has to be re-scheduled as directed by the Board of Directors to enable the company to conduct due diligence and valuation of certain assets of the companies whose shares and assets will be acquired by Abacus in exchange for its shares. The revised Agenda for the said meeting shall be as follows: 1. CALL OF MEETING TO ORDER; 2. DETERMINATION OF QUORUM; 3. APPROVAL OF THE MINUTES OF THE STOCKHOLDERS' MEETING HELD ON JUNE 17, 1997; 4. REPORT TO THE STOCKHOLDERS; 5. APPROVAL OF THE 1997 AUDITED FINANCIAL STATEMENTS; 6. INCREASE OF AUTHORIZED CAPITAL STOCK FROM P500 MILLION TO P 1 BILLION; 7. AUTHORITY TO ISSUE SHARES AMOUNTING TO P500 MILLION AT PAR IN EXCHANGE FOR PROPERTY/SHARES OF STOCKS; 8. ELECTION OF THE MEMBERS OF THE BOARD OF DIRECTORS; 9. APPOINTMENT OF TRANSFER AGENT; 10. APPOINTMENT OF EXTERNAL AUDITORS; 11. RATIFICATION OF ACTS OF THE BOARD OF DIRECTORS AND OFFICERS OF THE CORPORATION; 12. OTHER MATTERS; 13. ADJOURNMENT; All Stockholders of record as of the end of the business day as of June 28, 1998 shall be entitled to vote in person and/or by proxy. In cases you can not attend the said meeting, we request you to submit your proxy (form attached) to the office of the Corporation located at No. 28 N. Domingo St., New Manila, Quezon City, c/o the Corporate Secretary, at least three (3) days before the date of the said meeting as provided for in the By-laws of the Corporation. Please be guided accordingly. Thank you. Very truly yours, ABACUS CONSOLIDATED RESOURCES & HOLDINGS, INC By: (SGD.) LEONARDO S. GAYAO Corporate Secretary