Cityland Development Corporation

October 11, 1999 PSE CIRCULAR FOR BROKERS NO. 2582-99 SUBJECT : Cityland Development Corporation Further to Circular for Brokers No. 2249-99 dated September 9, 1999, Cityland Development Corporation ("CDC") furnished the Exchange a copy of its SEC Form 34-C (Definitive Information Statement), including its 1998 Financial Statements, in connection with its Special Stockholders' Meeting which will be held on October 22, 1999 , at 4:00 p.m. at the 3/F Cityland Condominium 10 Tower II, 6817 H.V. dela Costa St., Ayala Ave. North, Makati City. The agenda for the meeting shall be as follows: 1. Call to Order 2. Reading, consideration and approval of the Board Resolution dated September 8,1999 declaring stock dividends 3. Other matters which may be raised before the body 4. Adjournment. As previously announced, stockholders of record as of September 22, 1999 are entitled to notice of, and to vote at, said meeting. cdlex A copy of CDC's Definitive Information Statement, together with its 1998 Financial Statements, is available for reference at the PSE Centre and PSE Plaza Libraries. For your information. (SGD.) JOSE LUIS U. YULO, JR. President and CEO