PSE Circular for Brokers No. 1917-99

August 2, 1999 PSE CIRCULAR FOR BROKERS NO. 1917-99 July 30, 199 PHILIPPINE STOCK EXCHANGE, INC . PSE Center, Exchange Road Ortigas Center, Pasig City Fax No. 634-51-13 Attention: Disclosure Department Listings and Disclosure Group Gentlemen : Please be informed that the Board of Directors of Ebecom Holdings Inc. ("EBECOM") has resolved, in a Special Meeting held this afternoon, to cancel the Special Meeting of Stockholders scheduled on September 10, 1999 wherein the proposed increase in the authorized capital stock of EBECOM from P10.0 Million to up to P5.0 Billion at par value of P1.00 per share shall be submitted for ratification and approval of the stockholders. The Board of Directors, in order to allow Management to immediately negotiate with interested parties for possible transactions involving investment into or acquisitions by EBECOM, has decided instead to proceed to increase in the meantime the authorized capital stock of EBECOM to up to P2.0 Billion pursuant to an earlier approval given by both the Board and the stockholders which likewise includes the amendment of the Seventh Paragraph of the Articles of Incorporation of EBECOM and the increase in the par value of its shares to P1.00 per share. cdpr EBECOM trusts that it has fully complied with the disclosure requirements of the Exchange. Thank you. Very truly yours, (SGD.) ATTY. NEMESIO R. BRIONES Corporate Secretary