First Abacus Financial Holdings Corporation

July 29, 1999 PSE CIRCULAR FOR BROKERS NO. 1894-99 SUBJECT : First Abacus Financial Holdings Corporation Further to Circular for Brokers No. 1720-99 dated July 14, 1999, First Abacus Financial Holdings Corporation ("FAF") furnished the Exchange a copy of its SEC Form 34-C (Definitive 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. dctai As previously announced, stockholders of record as of July 20, 1999 are entitled to notice of, and to vote at, said meeting. A copy of FAF's Definitive 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