Music Corporation Additional Listing

August 9, 1999 PSE CIRCULAR FOR BROKERS NO. 1976-99 SUBJECT : Music Corporation Additional Listing Please be informed that on December 18, 1996, the Exchange approved, subject to the actual availment and full payment of the shares, the listing application of MUSIC CORPORATION ("Company") to list 32,670,654 common shares with a par value of P1.00 per share, to cover the Company's 1996 Stock Option Plan. On October 27, 1998, the Exchange approved the Company's application to list additional 28,644,316 common shares to cover the amendments to the 1996 Stock Option at the new exercise price of P1.31 per share. In connection with the foregoing, please be advised that 37,500 common shares have been availed of and fully paid for under the Company's stock option plan. llcd In view thereof, the listing of 37,500 common shares availed under the 1996 Stock Option Plan is set for Tuesday , August 10, 1999 . This brings the number of common shares listed under the Company's 1996 Stock Option Plan to a total of 58,052,834 common shares. For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & CEO