Cosmos Bottling Corporation Additional Listing

June 11, 1999 PSE CIRCULAR FOR BROKERS NO. 1381-99 SUBJECT : Cosmos Bottling Corporation Additional Listing On May 28, 1997, the Exchange approved subject to the actual exercise of the Conversion Right by the preferred shareholders, the application of COSMOS BOTTLING CORPORATION (the "Company") to list 287,500,000 common shares, with a par value of P1.00 per share, to cover the underlying shares of the 5% convertible preferred shares, at the conversion ratio of 1 common share for every 1 preferred share held. Furthermore, the Exchange approved subject to the actual exercise of the Conversion Right by the preferred shareholders, additional 287,500,000 underlying common shares, with a par value of P1.00 per share, to cover the adjustment in the conversion ratio to 2 common shares for every 1 preferred share held as a result of the 100% stock dividend declared to stockholders of record as of December 3, 1997. This shall bring the total underlying shares to 575,000,000. In connection therewith, please be advised that the Company has received notice from preferred shareholders for the conversion of 905,357 preferred shares to 1,810,714 common shares. cdlex In view thereof, the listing of the 1,810,714 common shares is set for Monday, June 14, 1999 . This brings the number of common shares listed arising from the conversion of 20,675,452 preferred shares to a total of 41,350,904 common shares. For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & CEO