Abra Mining and Industrial Corporation

September 8, 1999 PSE CIRCULAR FOR BROKERS NO. 2232-99 SUBJECT : Abra Mining and Industrial Corporation Further to Circular for Brokers No. 2066-99 dated August 19, 1999, Abra Mining and Industrial Corporation ("AR") furnished the Exchange a copy of its SEC Form 34-C (Definitive Information Statement), including its Audited Financial Statements for fiscal year ending December 31, 1998, in connection with its Annual Stockholders' Meeting which will be held on September 29, 1999 , at 5:00 p.m., at its Main Office at Barangay Lipcan, Bangued, Abra. LexLib As previously announced, stockholders of record as of August 31, 1999 are entitled to notice of, and to vote at, said meeting. Stockholders who are unable to attend may send a proxy not later than the close of business on September 24, 1999 at the Company's Office at Suite 3, 3rd Floor, JAFER Building, 118 West Avenue, Quezon City. A copy of AR's Definitive Information Statement, including its Audited Financial Statements, is available for reference at the PSE Centre and PSE-Plaza Libraries. For your information. (SGD.) JOSE LUIS U. YULO, JR. President and CEO