Acoje Holdings, Inc.

January 27, 2000 PSE CIRCULAR FOR BROKERS NO. 189-00 SUBJECT : Acoje Holdings, Inc . Acoje Holdings, Inc. ("AJO") informed the Exchange of the following information regarding the subscription by ATC Securities, Inc. (ATC), Gem Communications Holdings, Inc. (Gemcom), and Mr. Anselmo Trinidad, Jr. to 49,500,000,000 AJO shares at a par value of P0.01 per share which was approved by its Board of Directors last January 15, 1997: LexLib 1. Additional information on AJO's disclosure dated January 15, 1997 (Company Notice No. 68 dated January 17, 1997) pertaining to the subscription by ATC, Gemcom and Mr. Trinidad: a) Terms and conditions of the deal (amount of consideration given and received, and terms of payment) b) Ownership structure at the time the transaction was completed c) New developments/update on the said transaction d) Identification of the new security holders 2. Clarification on AJO's disclosure dated September 28, 1999 (Circular for Brokers No. 2451-99 dated September 29, 1999) pertaining to the assignment by certain stockholders of their subscription to 211,420,000 shares. The copy of said information is available for reference at the PSE-Center and PSE-Plaza Libraries. For your information. (SGD.) MARIA ISABEL T. GARCIA OIC, Listings & Disclosure Group