Vantage Equities, Inc.

June 14, 1999 PSE CIRCULAR FOR BROKERS NO. 1384-99 SUBJECT : Vantage Equities, Inc . Further to Circular No. 1013-99 dated May 7, 1999, Vantage Equities, Inc. ("V") furnished the Exchange a copy of its SEC Form 34-C (Definitive Information Statement), including its 1998 Audited Financial Statements, in connection with its Annual Stockholders' Meeting which will be held on June 29, 1999 , at 3:00 p.m., at the Via Mare Penthouse, PSE Centre, Ortigas Center, Pasig City. The agenda for the meeting shall be as follows: 1. Call to Order 2. Proof of Notice of Meeting 3. Certification of Quorum 4. Approval of the Minutes of the Previous Stockholders' Meeting 5. President's Address and Presentation of Financial Statements 6. Election of Directors 7. Appointment of External Auditor 8. Other Matters 9. Adjournment As previously announced, stockholders of record as of May 31, 1999 are entitled to notice of, and to vote, at, said meeting. A copy of V's Definitive 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