PSE Circular for Brokers No. 2217-99

September 3, 1999 PSE CIRCULAR FOR BROKERS NO. 2217-99 September 3, 1999 Disclosure Department Listings. & Disclosure Group 4/F Philippine Stock Exchange Center PSE Center, Exchange Road Ortigas, Pasig City Gentlemen : In compliance with the disclosure requirements of the Philippine Stock Exchange and the Securities and Exchange Commission, we report that at the meeting of the Board of Directors of SPI Technologies, Inc: (the "Corporation") held earlier today; :the Board approved the following: LibLex 1. the increase in the authorized capital stock of the Corporation from two Hundred Million Pesos (P200,000,000) to Three Hundred Fifteen Million Pesos (P315,000,000); and 2. a twenty percent (20%) stock dividend- to be taken out of the aforementioned capital increase. The increase in authorized capital. stock and the twenty percent (20%) stock; dividend shall be presented to the stockholders of the Corporation for approval at the Annual Stockholders' Meeting to be held on 9 October 1999. cdlex STOCK DIVIDEND: STOCK 20% RECORD DATE TO BE ANNOUNCED Very truly yours, (SGD.) FRANCIS P. HERNANDO Chief Finance Officer