SPI Technologies, Inc.

September 21, 1999 PSE CIRCULAR FOR BROKERS NO. 2368-99 SUBJECT : SPI Technologies, Inc . Further to Circular for Brokers No. 2217-99 dated September 6, 1999, SPI Technologies, Inc. ("SPI") furnished the Exchange a copy of its SEC Form 34-A (Definitive Proxy Statement), including its Audited Financial Statements for the fiscal year ending December 31, 1998, in connection with its Annual Stockholders' Meeting which will be held on October 9, 1999, at 9:00 a.m., at SPI Building, Pascor Drive, Sto. Nino, Paraaque City. The agenda for the meeting shall be as follows: 1. Certification of Notice and Quorum 2. Approval of the Minutes of the Annual General Meeting of Stockholders held on 10 October 1998 and Special Stockholders' Meeting held on 29 March 1999 3. Presentation of Annual Report 4. Ratification of Acts and Proceedings of the Board of Directors and Corporate Officers 5. Election of External Auditors 6. Election of Board of Directors 7. Approval of Increase in Authorized Capital Stock from P200,000,000 to P315,000,000 8. Approval of 20% stock dividend to be issued out of the increase in the authorized capital stock 9. Other Business Stockholders of record as of September 9, 1999 are entitled to notice of, and to vote at, said meeting. All Proxies must be submitted for validation on or before 5:00 p.m., October 4, 1999, at the Office of the Corporate Secretary, Level Four, SPI Building, Pascor Drive, Sto. Nino, Paraaque City. A copy of SPI's Definitive Proxy Statement is available for reference at the PSE Centre and PSE-Plaza Libraries. For your information. (SGD.) JOSE LUIS YULO, JR. President and CEO