JG Summit Holdings, Inc. Additional Listing

July 23, 1998 PSE CIRCULAR FOR BROKERS NO. 1716-98 SUBJECT : JG Summit Holdings, Inc. Additional Listing The Exchange approved the listing application of JG SUMMIT HOLDINGS, INC . (the "Company") to list additional 4,845,446,728 common shares with a par value of P1 . 00 per share , consisting of the following: 1. 2,060,921,728 common shares to cover the 1 : 2 Stock Rights Offering due to stockholders of record as of May 15, 1998 ; and 2. 2,784,525,000 common shares to cover the Declassification of Common Class "A" shares to common shares . Further, please be informed that the Company shall replace the old Class "A" and Class "B" stock certificates with unclassified common stock certificates when the shares are traded or when replacements of stock certificates are requested by stockholders. In view thereof, the listing of 3,299,755,468 common shares divided into 515,230,468 common shares to cover the first tranche of the 1 : 2 Stock Rights Offering and 2,784,525,000 common shares to cover the declassification of common class "A" shares to common shares would be reflected in the computer system of the Exchange (electronic board and ticker) on Friday, July 31, 1998 . For your information and guidance. (SGD.) REYNOLD P. ONG Vice President, Listings and Disclosure Group