Cosmos Bottling Corporation Additional Listing

February 10, 1999 PSE CIRCULAR FOR BROKERS NO. 240-99 SUBJECT : Cosmos Bottling Corporation Additional Listing Please be informed that on May 28, 1997, the exchange approved subject to the actual exercise of the Conversion Right by the preferred shareholders, the application of COSMOS BOTTLING CORPORATION (the "Company") to list 287,500,000 common shares, with a par value of P1.00 per share, to cover the underlying shares of the 5% convertible preferred shares, at the conversion ratio of 1 common share for every 1 preferred share held. aisadc Furthermore, the Exchange approved subject to the actual exercise of the Conversion Right by the preferred shareholders, additional 287,500,000 underlying common shares, with a par value of P1.00 per share, to cover the adjustment in the conversion ratio to 2 common shares for every 1 preferred share held as a result of the 100% stock dividend declared to stockholders of record as of December 3, 1997. This shall bring the total underlying shares to 575,000,000 common shares. In connection therewith, please be advised that the Company has received notice from preferred shareholders for the initial conversion of 7,689 preferred shares to 15,378 common shares. In view thereof, the listing of the 15,378 common shares is set for Thursday, February 11, 1998 . For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & CEO