Premiere Entertainment Productions, Inc.

July 20, 1998 PSE CIRCULAR FOR BROKERS NO. 1672-98 SUBJECT : Premiere Entertainment Productions, Inc. Further to Circular No. 869-98 dated April 29, 1998, Premiere Entertainment Productions, Inc. ("PEP") furnished the Exchange on July 17, 1998 a copy SEC Form 34-C (Definitive Information Statement) in connection with its Annual Stockholders' Meeting which will be held on August 8, 1998 , at 2:00 p.m., at the Metropolitan Club, Estrella Street corner Amapola Street, Bel-Air Village, Makati City. The agenda for the meeting shall be as follows: 1. Call to Order 2. Proof of notice and certification of quorum 3. Approval of minutes of the previous meeting of the stockholders 4. Management Report and Audited Financial Statements for the year ended December 31, 1997 5. Ratification of previous corporate acts 6. Election of Directors 7. Appointment of External Auditors 8. Other matters 9. Adjournment For purposes of the meeting, stockholders of record as of April 20, 1998 are entitled to notice of, and to vote at, said meeting. A copy of PEP's Definitive Information Statement is available for reference at the PSE Library and PSE-Plaza Administration Office. cdll For your information. (SGD.) REYNOLD P. ONG Vice-President, Listings and Disclosure Group