Asian Terminals, Inc.

July 24, 1998 PSE CIRCULAR FOR BROKERS NO. 1729-98 SUBJECT : Asian Terminals, Inc. Further to Circular No. 1482-98 dated July 1, 1998, Asian Terminals, Inc. ("ATI") furnished the Exchange a copy SEC Form 34-A (Definitive Proxy Statement) in connection with its Special Stockholders' Meeting which will be held on August 12, 1998 , at 2:30 p.m., at the Heritage Ballroom of the Heritage Hotel on Roxas Boulevard, Pasay City. The agenda for the meeting shall be as follows: 1. Call to Order 2. Proof of Notice and Quorum 3. Chairman's Address 4. Approval of Increase in Authorized Capital Stock/Rights Issue 5. Other Matters Stockholders of record as of July 21, 1998 are entitled to notice of, and to vote at, said meeting. As previously announced, the stock and transfer book of the company will be closed on July 22, 1998 to August 12, 1998 . A copy of ATI's Definitive Proxy Statement is available for reference at the PSE Library and PSE-Plaza Administration Office. For your information. (SGD.) REYNOLD P. ONG Vice-President, Listings and Disclosure Group