Hi Cement Corporation

October 28, 1998 PSE CIRCULAR FOR BROKERS NO. 2451-98 SUBJECT : Hi Cement Corporation Further to Circular No. 2181-98 dated September 18, 1998, Hi Cement Corporation ("HCC") furnished the Exchange a copy of SEC Form 34-C (Definitive Information Statement) in connection with its Annual Stockholders' Meeting which will be held on November 17, 1998 , at 2:30 p.m., at the Palawan Room, EDSA Plaza Hotel, Shaw Boulevard, Mandaluyong City. The agenda for the meeting shall be as follows: 1. Call to order 2. Proof of notice and determination of quorum 3. Minutes of previous meeting 4. Annual Report of Management 5. Election of Directors 6. Appointment of Auditors 7. Increase of Capital Stock 8. Amendment of Article VII of the Amended Articles of Incorporation 9. Convertible Debt Instruments 10. Management Contract 11. Other Matters 12. Adjournment As previously announced, the record date for the determination of the shareholders entitled to notice of said meeting and to vote thereat has been fixed as October 7, 1998 . LLjur A copy of HCC's Definitive Information Statement is available for reference at the PSE Library and PSE-Plaza Administration Office. For your information. (SGD.) RAFAEL L. LLAVE Chief Operating Officer