Uniwide Holdings Inc.

September 1, 1999 PSE CIRCULAR FOR BROKERS NO. 2195-99 SUBJECT : Uniwide Holdings Inc . Further to Circular No. 2129-99 dated August 26, 1999, Uniwide Holdings, Inc. ("UW") informed the Exchange, through SEC Form 11-C, that Amvel Land Development Corporation, represented by Dr. Franklin M. Velarde, has approached the company and signified their interest in the Uniwide Sales Warehouse Club, Inc. (USWCI), a franchisee of UW. Amvel Land Development Corporation is one of the prospective investors which the Uniwide Group has been negotiating with. With the coming of an investor to the retail business, Uniwide Group will be able to focus on measures to normalize and improve sales level of the retail stores which will eventually help the cash flows of UW and its subsidiaries. UW is the franchisor and lessor of a majority of the retail stores being operated by USWCI. LibLex Furthermore, the Securities and Exchange Commission (SEC), in an Order dated August 20, 1999, granted the company's extension of the suspension of payment until October 10, 1999. The extension was granted in order to allow the Interim Receiver ample time to carry out its functions and to complete the rehabilitation plan of the company. For your information. (SGD.) ATTY. RUBEN L. ALMADRO Officer-in Charge