Globe Telecom, Inc. Additional Listing

September 9, 1998 PSE CIRCULAR FOR BROKERS NO. 2106-98 SUBJECT : Globe Telecom, Inc. Additional Listing Further to Stock Rights Notice No. 1-1998, please be informed that the Exchange approved the listing application of GLOBE TELECOM, INC . to list 1,227,558,257 warrants , consisting of 747,171,955 Class "A" warrants and 480,386,302 Class "B" warrants , corresponding to the entitlement ratio of one (1) warrant for every 1 . 5 rights shares held . The class of warrants issued shall correspond to the class of rights shares subscribed. These warrants were given free to holders of rights offer shares in connection with the 1 : 0 . 39652622846 Pre-emptive Rights Offering with Detachable Warrants to stockholders of record as of December 17, 1998 . However, the actual number of warrants issued was reduced to 1,227,558,187 Detachable Warrants , consisting of 747,171,887 Class "A" warrants and 480,386,300 Class "B" warrants . The difference of 70 warrants, (consisting of 68 Class "A" warrants and 2 Class "B" warrants), between the number of warrants approved for listing and the actual issuance represent the fractional warrants which will not be issued. cdt In view thereof, the listing of the 1,227,558,187 warrants , consisting of 747,171,887 Class "A" warrants and 480,386,300 Class "B" warrants is set for Thursday, September 17, 1998 . The stock trading symbol of GLOBE TELECOM, INC . warrants are as follows: Class "A" "GLOW" Class "B" "GLOX" For your information and guidance. (SGD.) REYNOLD P. ONG Vice President, Listings and Disclosure Group