Selecta Dairy Products, Inc. Additional Listing

September 28, 1998 PSE CIRCULAR FOR BROKERS NO. 2252-98 SUBJECT : Selecta Dairy Products, Inc. Additional Listing Please be informed that on September 9, 1998, the Exchange approved subject to the actual conversion of convertible preferred shares, the listing application of SELECTA DAIRY PRODUCTS, INC . ("the Company") to list 301,585,272 common shares, with a par value of P1.00 per share, to cover the underlying shares of the 150,792,636 convertible preferred shares issued to RFM Corporation by way of a property for share swap and an asset for share swap. In connection with this, please be advised that the Company has received a Notice of Conversion from RFM Corporation for the conversion of the entire 150,792,636 convertible preferred shares into 301,585,272 common shares at a conversion ratio of two (2) common shares for each preferred share. llcd In view thereof, the listing of 301,585,272 common shares is set for Tuesday, September 29, 1998 . For your information and guidance. (SGD.) REYNALDO P. ONG Vice President, Listings and Disclosure Group