Southeast Asia Cement Holdings, Inc.

July 2, 1999 PSE CIRCULAR FOR BROKERS NO. 1610-99 SUBJECT : Southeast Asia Cement Holdings , Inc . Further to Circular No. 1040-99 dated May 11, 1999, Southeast Asia Cement Holdings, Inc. ("CMT") 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 July 6 , 1999 , at 8:00 a.m., at the Skytop, Hotel Intercontinental, Makati City. The agenda for the meeting shall be as follows: 1. Certification of notice and determination of quorum 2. Reading and approval of the minutes of previous meeting 3. Annual Report to Stockholders 4. Ratification of the acts of the Board of Directors and Management from June 24, 1998 to July 6, 1999 5. Ratification of the resolution of the Board of Directors adopted on May 6, 1999 approving the declaration 0.974225531% stock dividend to be distributed to stockholders as of record date December 11, 1998 to comply with a Philippine Stock Exchange requirement 6. Election of Directors 7. Appointment of External Auditor 8. Consideration of such other businesses as may come before the meeting 9. Adjournment As previously announced, stockholders of record as of June 7 , 1999 are entitled to notice of, and to vote at, said meeting. A copy of CMT'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.) ATTY. RUBEN L. ALMADRO Officer-in-Charge