PSE Circular for Brokers No. 193-00

January 27, 2000 PSE CIRCULAR FOR BROKERS NO. 193-00 SUBJECT : Hi Cement Corporation Additional Listing The Exchange approved on March 18, 1999 subject to the actual conversion of convertible notes, the listing application of HI CEMENT CORPORATION (the "Company") to list a maximum of 768,500,220 common shares, with a par value of P1.00 per share, to cover the underlying shares of the P768,500,220.00 worth of Convertible Notes. In connection with this, please be advised that the Company's stock transfer agent has received a notice from noteholders for the conversion of P820,000.00 worth of convertible notes to 820,000 common shares. In view thereof, the listing of the 820,000 common shares is set for Friday, January 28, 2000. This brings a total of 29,481,000 common shares already listed arising from the conversion of P29,481,000.00 worth of Notes. The designated Stock Transfer Agent is hereby authorized to record and register in its book the above number of shares. For your information and guidance. (SGD.) MARIA ISABEL T. GARCIA OIC, Listings and Disclosure Group