PSE Circular for Brokers No. 2577-99

October 11, 1999 PSE CIRCULAR FOR BROKERS NO. 2577-99 October 8, 1999 PHILIPPINE STOCK EXCHANGE, INC. Disclosure Department Listing and Disclosure Philippine Stock Exchange Center Exchange Road, Ortigas Center Pasig City Fax No. 637-8811 SUBJECT : Invest Asia Corporation Tender Offer for RFM Common and Preferred Shares Offer Period: August 16, 1999 to September 10, 1999 Attention: Ms . Grace de Guia Compliance Supervisor Gentlemen: Attached, for your information, is Invest Asia Corporation's disclosure on the Cross Date for the RFM Common and Preferred Shares tendered to it by RFM Shareholders during the period August 16 to September 10, 1999. Said Cross Date shall be on October 15, 1999. We hope you find everything in order. Thank you very much. Very truly yours, (SGD.) RAYMOND B. AZCARATE Vice President Finance Division October 7, 1999 PHILIPPINE STOCK EXCHANGE, INC. Disclosure Department Listing and Disclosure Philippine Stock Exchange Center Exchange Road, Ortigas Center Pasig City Fax No. 637-8811 SUBJECT : Invest Asia Corporation Tender Offer for RFM Common and Preferred Shares Offer Period: August 16, 1999 to September 10, 1999 Attention: Ms . Grace de Guia Compliance Supervisor Gentlemen: Pleased be informed that the Cross Date for the RFM Common and Preferred Shares tendered to Invest Asia Corporation during the period August 16 to September 10, 1999 in connection with said Company's offer to purchase RFM Common and Preferred Shares will be on October 15, 1999. As stated in the terms and conditions of Invest Asia Corp.'s Tender Offer, check payments for all shares tendered shall be made available for pick-up five (5) business days after the Cross Date or on October 22, 1999 at the office of RFM Corporation's Stock Transfer Agent, Far East Bank and Trust Company, 9/F FEBTC Centre, Senator Gil J. Puyat Ave. Ext., Makati City, Tel Nos. 891-4752, 845-9484, 845-9477 & 845-9471. PCD Participants/Stock Brokers who participated in the Tender Offer should likewise pick up their check payments from Far East Bank, Stock Transfer Agent. Thank you very much. Very truly yours, (SGD.) ATTY. CRISTINA D. REYES Corporate Secretary