PSE Circular for Brokers No. 192-00

January 27, 2000 PSE CIRCULAR FOR BROKERS NO. 192-00 SUBJECT : Davao Union Cement Corporation Additional Listing The Exchange approved on March 26, 1999, subject to the actual conversion of the convertible notes, the listing application of DAVAO UNION CEMENT CORPORATION to list a maximum of 750,000,000 common shares with a par value of P1.00 per share, to cover the underlying shares of the P750,000,000.00 worth of Convertible Notes due 2004. In this connection, please be advised that the Company's stock transfer agent has received notices from noteholders for the conversion of P73,200.00 worth of convertible notes to 73,200 common shares. In view thereof, the listing of the 73,200 common shares is set for Friday, January 28, 2000 . This brings the number of common shares listed arising from the conversion of P11,280,400.00 worth of convertible notes to a total of 11,280,400.00 common shares. The designated Stock Transfer Agent is hereby authorized to record and register in its books the above number of shares. For your information and guidance. (SGD.) MARIA ISABEL T. GARCIA OIC, Listings and Disclosure Group