Bacnotan Cement Corporation

November 3, 1998 PSE CIRCULAR FOR BROKERS NO. 2500-98 SUBJECT : Bacnotan Cement Corporation Further to Circular No. 2150-98 dated September 16, 1998, Bacnotan Cement Corporation ("BCC") 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 19, 1998 , at 2:30 P.M., at the Ballroom 3 of the Dusit Hotel Nikko, Ayala Center, Makati City. The agenda for the said 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. Convertible Debt Instruments / Increase of Capital Stock - Preemptive Rights Offering 8. Amendment of Article VIII of the Amended Articles of Incorporation 9. Management Contract 10. Other Matters 11. Adjournment Stockholders of record as of October 7, 1998 are entitled to notice of, and to vote at, said meeting. A copy of BCC's Definitive Information Statement is available for reference at the PSE Library and PSE-Plaza and Administration Office. LexLib For your information. (SGD.) RAFAEL L. LLAVE Chief Operating Officer