ATN Holdings, Inc. Additional Listing

August 12, 1999 PSE CIRCULAR FOR BROKERS NO. 2011-99 SUBJECT : ATN Holdings, Inc. Additional Listing The Manila and Makati Stock Exchanges on February 13, 1991 approved the listing application of ATN HOLDINGS, INC . ( formerly Jabpract Mining & Industrial Corporation ) to list additional 150,000,000 common shares, consisting of 90,000,000 class "A" shares and 60,000,000 class "B" shares , with a par value of P1 . 00 per share , to cover the 1:3 Pre-emptive Rights Offering to stockholders of record as of March 15, 1991. On July 28, 1999, the Exchange received the Registration and Licensing Order and Permit to Offer Securities for Sale from the Securities and Exchange Commission to cover the approval for the Registration of the said shares. In view thereof, the listing of the 150,000,000 common shares, consisting of 90,000,000 class "A" shares and 60,000,000 class "B" shares is set for Monday, August 16, 1999 . cdta For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & CEO