BW Resource Corporation

September 6, 1999 PSE CIRCULAR FOR BROKERS NO. 2222-99 SUBJECT : BW Resource Corporation BW Resource Corporation ("BW") furnished the Exchange a copy of its amended SEC Form 11-A/Annual Report for the fiscal year ended December 31, 1998 with the following additional information: Item 9 . Directors and Executive Officers of the Registrant a) ages of all directors and executive officers b) term of office and the period during which the person has served c) other directorships held in reporting companies Item 10 . Executive Compensation Compensation of the named executive officers for each of the registrant's last two fiscal years and ensuing years. Financial Statements a) Indicated the name of certifying partner and his PTR number; b) General & Administrative Expenses (attached to the amended SEC Form 1 1-A) Signatures Manual signatures of authorized officer and at least majority of the Board of Directors of the registrant. A copy of BW's amended SEC Form 11-A- is available for reference at the PSE Center and PSE Plaza Libraries. For your information. (SGD.) JOSE LUIS U. YULO, JR. President and Chief Executive Officer