Central Azucarera de la Carlota

July 14, 1999 PSE CIRCULAR FOR BROKERS NO. 1737-99 SUBJECT : Central Azucarera de la Carlota Further to Circular for Brokers No. 1430-99 dated June 18, 1999, Central Azucarera de la Carlota ("CAC") furnished the Exchange a copy of its SEC Form 34-C (Definitive Information Statement), including its Audited Financial Statements for fiscal year ending April 30, 1998, in connection with its Annual Stockholders' Meeting which will be held on July 28, 1999 , at 9:30 a.m., at the 7th Floor, Cacho-Gonzales Bldg., 101 Aguirre St., Legaspi Village, Makati City. aisadc Stockholders of record as of May 31, 1999 are entitled to notice of, and to vote at, said meeting. A copy of CAC's Definitive Information Statement, including its Audited Financial Statements, 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