JG Summit Holdings, Inc.

July 10, 1998 PSE CIRCULAR FOR BROKERS NO. 1584-98 SUBJECT : JG Summit Holdings, Inc . Further to Circular No. 1199-98 dated June 1, 1998, JG Summit Holdings, Inc. ("JGS") furnished the Exchange a copy of SEC Form 34-C (Definitive Information Statement) in connection with its Annual Stockholders' Meeting which will be held on July 29, 1998 , at 4:00 p.m., at the Amorsolo Ballroom of the Manila Galleria Suites, Asian Development Bank Avenue, Ortigas Center, Pasig City. The agenda for the meeting shall be as follows: 1. Proof of notice of the meeting and existence of a quorum; 2. Reading and approval of the minutes of the Annual Stockholders' Meeting held on July 2, 1997; 3. Annual Report and approval of Financial Statements of the preceding year; 4. Ratification of all acts of the Board of Directors and Management since the last Annual Stockholders' Meeting of July 2, 1997; 5. Election of Board of Directors; 6. Election of External Auditors; 7. Unfinished and/or new business(es); 8. Consideration of such other matters as may properly come during the meeting; 9. Adjournment. cdt As previously announced, stockholders of record as of June 30, 1998 are entitled to notice of, and to vote at, said meeting. A copy of JGS's Definitive Information Statement is available for reference at the PSE Library and PSE-Plaza Administration Office. For your information. (SGD.) REYNOLD P. ONG Vice-President, Listings and Disclosure Group