RFM CorporationAdditional Listing

September 24, 1998 PSE CIRCULAR FOR BROKERS NO. 2213-98 SUBJECT : RFM Corporation Additional Listing Please be informed that on March 5, 1997, the Exchange approved subject to the actual exercise of the Conversion Right by the preferred shareholders, the application of RFM CORPORATION (the "Company") to list 254,466,865 common shares, with a par value of P2.00 per share, to cover the underlying shares of the 10% convertible preferred shares, at the conversion ratio of 1 common share for every 1 preferred share held. llcd In connection therewith, please be advised that the Company has received notice from a preferred shareholder for the conversion of 15,538 preferred shares to 15,538 common shares. In view thereof, the listing of the 15,538 common shares is set for Friday, September 25, 1998 . This brings to a total of 18,614,753 common shares already listed arising from the conversion of 18,614,753 preferred shares. For your information and guidance. (SGD.) REYNOLD P. ONG Vice-President, Listings and Disclosure Group