Keppel Philippine Holdings. Inc.

June 17, 1999 PSE CIRCULAR FOR BROKERS NO. 1426-99 SUBJECT : Keppel Philippine Holdings . Inc . Further to Circular for Brokers No. 1214-99 dated May 27, 1999, Keppel Philippines Holdings, Inc. ("KPH") furnished the Exchange a copy of its SEC Form 34-C (Definitive Information Statement), including its 1998 Annual Report, in connection with its Annual Stockholders' Meeting which, will be held on June 18, 1999, at 11:00 a.m. at the Ballroom 2, New World Renaissance Hotel, Esperanza St., corner Makati Avenue, Makati City. The agenda for the meeting shall be as follows: 1. Call to Order 2. Proof of Notice of Meeting and Certification of Quorum. 3. Reading and Approval of the Minutes of the Previous Meeting of 23 May 1998 4. Presentation and Approval of the 1998 Annual Report/Audited Financial Statements 5. Ratification of the Acts and Proceedings of the Board of Directors, Officers and Management of the Corporation during the year under review 6. Stock Dividend Declaration 7. Amendment of the Articles of Incorporation re: Increase in Authorized Capital Stock 8. Amendment of the Articles of Incorporation re: Convertibility of Class "B" shares to Class "A" shares 9. Election of Directors 10. Directors' Remuneration 11. Reappointment of External Auditor 12. Such other matters as may properly come up before the meeting As previously announced, stockholders of record as of May 18, 1999 are entitled to notice of, and to vote, at said meeting. LLjur A copy of KPH's Definitive Information Statement, including its 1998 Annual Report, is available for reference at the PSE Library and PSE-Plaza Administration Office. For your information. (SGD.) JOSE LUIS U. YULO, JR. President & CEO