DMCI Holdings, Inc.

June 16, 1999 PSE CIRCULAR FOR BROKERS NO. 1411-99 SUBJECT : DMCI Holdings, Inc . Further to Circular for Brokers No. 1299-99 dated June 3, 1999, DMCI Holdings, Inc. ("DMC') furnished the Exchange a copy of its SEC Form 34-A (Definitive Proxy Statement), including its SEC Form 11-A for 1998, in connection with its Annual Stockholders' Meeting which will be held on July 7, 1999 , at 9:00 a.m., at the West Lounge, Manila Polo Club, Mckinley Road, Forbes Park, Makati City. The Agenda for the meeting shall be as follows: 1. Call to Order 2. Report on Attendance and Quorum 3. Approval of Minutes of Previous Stockholders' Meeting 4. Management Report for 1998 5. Ratification of All Acts of the Board of Directors and Officers during the previous year 6. Appointment of Independent Auditor 7. Election of Directors 8. Other Matters 9. Adjournment As previously announced, stockholders of record as of May 28, 1999 are entitled to notice of, and to vote at, said meeting. A copy of DMC's Definitive Proxy Statement, including its SEC Form 11-A for 1998, 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