Manila Mining Corporation Additional Listing

July 10, 1998 PSE CIRCULAR FOR BROKERS NO. 1596-98 SUBJECT : Manila Mining Corporation Additional Listing The Exchange approved the listing application of MANILA MINING CORPORATION to list additional 32,689,335,206 common shares , with a par value and offer price of P0 . 01 per share , consisting of 19,792,152,576 Class "A" shares and 12,897,182,630 Class "B" shares , to cover the 1 : 2 . 67 pre-emptive rights offering to stockholders of record as of March 18, 1998 . However, upon the Company's request, a total of 637,199,954 Class "B" shares shall be issued to replace Class "A" shares which are not available for subscription. These shares have either been subscribed or reserved to optionees under the Stock Option Plan. cdlex In this regard, the SEC issued an amendment to the Registration of Securities to effect the registration of 32,689,335,206 common shares consisting of 19,154,952,622 Class "A" shares and 13,534,382,584 Class "B" shares . Of these, a total of 203,108,616 common shares consisting of 121,865,169 Class "A" shares and 81,243,447 Class "B" shares are reserved for optionees under the Company's Seventh Stock Option Plan. These shares will only be listed upon availment of the option shares. In view thereof the listing of the 32,486,226,590 shares, consisting of 19,033,087,453 Class "A" shares and 13,453,139,137 Class "B" shares, is set for Monday, July 20, 1998. For your information and guidance. (SGD.) REYNOLD P. ONG Vice President, Listings and Disclosure Group