La Tondeña distillers, inc.

March 2, 1998 PSE CIRCULAR FOR BROKERS NO. 251-98 February 26, 1998 PHILIPPINE STOCK EXCHANGE Philippine Stock Exchange Center Exchange Road, Ortigas Center Pasig City, Metro Manila Attention: Ms. Maria Isabel T . Garcia Head, Listing Department RE : LA TONDEA DISTILLERS, INC . Gentlemen: We write on behalf of La Tondea Distillers, Inc. (LTDI). Further to our letter of 4 February 1998, please be informed that the record date for stockholders' entitled to notice and vote at the 13 April 1998 LTDI annual stockholders' meeting is 13 March 1998 (not 24 March 1998 as earlier disclosed in our letter of 4 February 1998). The change of record date was made to enable LTDI to comply with the requirements of the Securities and Exchange Commission (SEC) on distribution of definitive copies of the Information Statement to entitled stockholders. Per SEC rules, the distribution of said Information Statement to all entitled stockholders should be done not later than 23 March 1998. cdlex This information is made in compliance with the SEC Rules Requiring Disclosure of Material Facts By Corporations Whose Securities Are Listed In Any Stock Exchange Or Registered/Licensed Under The Revised Securities Act and by the PSE Revised Rules On Corporate Disclosure. Very truly yours, ROCO BUNAG KAPUNAN & MIGALLOS By: (SGD.) FREDERICO G. ROEL, JR.