Island Mining and Industrial Corporation

January 24, 2000 PSE CIRCULAR FOR BROKERS NO. 143-00 SUBJECT : Island Mining and Industrial Corporation Island Mining and Industrial Corporation ("IS") informed the Exchange that its Annual Stockholders' Meeting will be held on February 29, 2000, at 3:00 p.m., at the Casino Espaol de Manila, T.M. Kalaw St., Ermita, Manila. The agenda for the meeting shall be as follows: prcd 1. Call to Order 2. Proof of Notice 3. Certification of Quorum 4. Reading and Approval of the Minutes of the Annual Stockholders' Meeting on October 27, 1998 5. President's Report 6. Approval of the 1998 and 1999 Audited Financial Statements 7. Election of Directors for the year 1999-2000 8. Appointment of External Auditor 9. Adjournment Stockholders of record as of February 1, 2000 are entitled to notice of, and to vote at said meeting. Stockholders who are unable to attend the meeting may accomplish a proxy form and submit the same to the Office of the Corporate Secretary at 4-B Vernida I Condominium, 120 Amorsolo St., Legaspi Village, Makati City not later than February 19, 2000. All proxies shall be validated on February 23,2000 at the office of IS. For your information. (SGD.) MARIA ISABEL T. GARCIA OIC, Listings and Disclosure Group