RFM Corporation Additional Listing

February 11, 1999 PSE CIRCULAR FOR BROKERS NO. 252-99 SUBJECT : RFM Corporation Additional Listing Please be informed that on March 5, 1997, the Exchange approved subject to the actual exercise of the Conversion Right by the preferred shareholders, the application of RFM CORPORATION , (the "Company") to list 254,466,865 common shares, with a par value of P2.00 per share, to cover the underlying shares of the 10% convertible preferred shares, at the conversion ratio of 1 common share for every 1 preferred share held. In connection therewith, please be advised that the Company has received notice from a preferred shareholder for the conversion of 1,601,557 preferred shares to 1,601,557 common shares. In view thereof, the listing of the 1,601,557 common shares is set for Friday, February 12, 1999 . This brings to a total of 21,643,949 common shares already listed arising from the conversion of 21,643,949 preferred shares. cdt For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & CEO