Philippine Realty & Holdings Corporation

June 16, 1998 PSE CIRCULAR FOR BROKERS NO. 1329-98 SUBJECT : Philippine Realty & Holdings Corporation Further To Circular No. 385-98 dated March 16, 1998, Philippine Realty & Holdings Corporation ("RLT" ) furnished the Exchange a copy of its Notice of Annual Stockholders' Meeting which will be held on June 30, 1998 , at 2:30 p.m., at the Ground Floor of the Philippine Stock Exchange Centre, Exchange Road, Ortigas Center, Pasig City. The agenda for the meeting shall be as follows: 1. Certification of notice and quorum 2. Reading and approval of the minutes of the June 30, 1997 meeting and action taken thereon 3. Report of the Board of Directors 4. Ratification of the acts, contracts, and deeds of the Directors and Officers 5. Election of Directors for the ensuing year 6. Appointment of External Auditor 7. Other matters 8. Adjournment As previously announced, stockholders of record as of March 31, 1998 are entitled to notice of, and to vote at, said meeting. Furthermore, RLT informed the Exchange that it has moved from the 4th Floor to the 33rd Floor of the East Tower of the PSE Centre. For your information. (SGD.) REYNOLD P. ONG Vice-President, Listings and Disclosure Group