PSE Circular for Brokers No. 1462-99

June 22, 1999 PSE CIRCULAR FOR BROKERS NO. 1462-99 June 21, 1999 Philippine Stock Exchange, Inc . Disclosure Department Listings and Disclosure Group 4th Floor, Philippine Stock Exchange Center PSE Center, Exchange Road Ortigas Center, Pasig City Attention: Ms . Janet J . Alcala Analyst, Disclosure Department Gentlemen : We refer to the news item entitled "La Tondena sets sights on Eight O'clock" published in the June 21, 1999 issue of the Manila Times. La Tondena Distillers Inc. (the "Company") is interested in companies with strong brands and good distribution coverage within the beverage sector. As part of the Company's strategy of building core businesses, it evaluates possible acquisitions. At this point, there is nothing definite and no decision has been reached with respect to any acquisition. cdll It is the Company's policy not to make any further comments on this matter until definitive agreements have been reached. Very truly yours, (SGD.) FRANCIS H. JARDELEZA Corporate Secretary