First Abacus Financial Holdings Corporation

July 14, 1999 PSE CIRCULAR FOR BROKERS NO. 1720-99 SUBJECT : First Abacus Financial Holdings Corporation Further to Circular for Brokers No. 1035-99 dated May 11, 1999, First Abacus Financial Holdings Corporation ("FAF") furnished the Exchange a copy of its SEC Form 34-C (Preliminary Information Statement) in connection with its Annual Stockholders' Meeting which will be held on August 20, 1999 , at 8:00 a.m., at the Via Mare Restaurant, Penthouse, Philippine Stock Exchange Centre, Exchange Road, Ortigas Center, Pasig City. The agenda for the meeting shall be as follows: 1. Call to Order 2. Proof of Notice to Stockholders 3. Determination of Quorum 4. Approval of Minutes of Previous Meeting 5. Report of Management and Presentation of Financial Statements for the Year 1998 6. Election of Directors 7. Election of External Auditors 8. Other Matters 9. Adjournment Stockholders of record as of July 20, 1999 are entitled to notice of, and to vote at, said meeting. All proxies must be received by the Corporate Secretary not later than three (3) days prior to the meeting, or, on or before August 17, 1999. Proxies received after this date shall not be recognized for the meeting. A copy of FAF's Preliminary Information Statement is available for reference at the PSE Library and PSE-Plaza Administration Office. For your information. (SGD.) JOSE LUIS U. YULO, JR. President and CEO