A Brown Company, Inc.

October 11, 1999 PSE CIRCULAR FOR BROKERS NO. 2587-99 SUBJECT : A Brown Company , Inc . Attached herewith is an amendment to SEC Form 11-Q / Quarterly Report of A Brown Company, Inc. ("BRN") for the quarter ended June 30, 1999, showing the following additional information: 1) Amounts Receivable from Directors, Officers, Employees, Related Parties and Principal Stockholders (Schedule B); 2) Non-Current Marketable Equity Securities, Other Long-Term Investments in Stocks, and Other Investments (Schedule C); cdll 3) Long Term Debt (Schedule H); 4) Capital Stock (Schedule K); 5) List of Top 20 (Schedule L); and 6) List of Directors and Officers For your information. (SGD.) JOSE LUIS U. YULO, JR. President and CEO ANNEX D A BROWN COMPANY, INC. AND SUBSIDIARIES schedule B - Amounts Receivable from Directors, Officers Employees Related Parties and Principal Stockholders (Other Than Affiliates) December 31, 1998 Balance at the end of the period Name and Designation of Debtor current Walter W. Brown P 95 Annabelle P. Brown 95 Ernesto R Lagdameo, Jr. 95 Victor P. Juat 2,783 Patricia Anne B. Juat 1,421 Josefina Anita B. King 2,809 P 7,298 A BROWN COMPANY, INC. AND SUBSIDIARIES Schedule C - Non-current Marketable Equity Securities, Other Long Term Investment in Stocks and Other Investments December 31, 1998 A BROWN COMPANY, INC. AND SUBSIDIARIES Schedule L - List of Top 20 Stockholders of Record December 31, 1998 Total Percent to Amount Total Name of Stockholders Subscribed Outstanding 1. Walter W. Brown P 296,015,145 29.31% 2. Philippine Realty and Holdings Corporation 204,424,000 20.24% 3. Annabelle P. Brown 142,969,044 14.16% 4. PCD Nominees Corp. 66,046,557 6.54% 5. Geoex Holdings Corp. 35,304,386 3.50% 6. Alicia B. Stapleton 32,912,744 3.26% 7. Osmium Holdings Corp. 19,119,179 1.89% Wapco Management Corp. 19,119,179 1.89% 8. Osprey Holdings Corp. 19,119,178 1.89% 9. Patricia Anne B. Juat 16,448,162 1.63% 10. Carolyn Brown 15,252,648 1.51% 11. Victor P. Juat 12,495,938 1.24% 12. Josefina B. King 10,104,001 1.00% 13. Ray Silvestre N. Canilao &/or Ma. Socorro T Canilao 3,784,174 0.37% 14. Walter W Brown or Annabelle P Brown 2,914,330 0.29% 15. Victor P Juat &/or Patricia B. Juat 2,692,394 0.27% 16. Andaman Holdings Corp. 2,482,764 0.25% Andradite Holdings Corp. 2,482,764 0.25% Angelian Holdings Corp. 2,482,764 0.25% Johan Holdings Corp. 2,482,764 0.25% Migma Holdings Corp. 2,482,764 0.25% Nicolo holdings Corp. 2,482,764 0.25% Pauline Holdings Corp. 2,482,764 0.25% 17. Angelus Holding Corp. 2,482,761 0.25% 18. Antonio U. Lustre 1,947,000 0.19% 19. Robertino E. Pizarro 1,922,741 0.19% 20. Marulas Farm Corporation 1,884,674 0.19% A BROWN COMPANY, INC . Board of Directors and Officers December 31, 1998 Total Percent to Number of Amount Total Name of Director and Officer shares held Subscribed Outstanding Walter W. Brown - Chairman 296,015,145 296,015,145 29.311% Ernesto R. Lagdameo, Jr. - Vice-Chairman 469,188 469,188 0.046% Jorge M. Yulo - President 12,908 12,908 0.001% Patricia Anne B. Juat - Treasurer 16,448,162 16,448,162 1.629% Sixto S. Sandejas II - Corporate Secretary * 26,921 26,921 0.003% Annabelle P. Brown 142,969,044 142,969,044 14.156% Victor P. Juat - Director 12,495,938 12,495,938 1.238% Josefina Anita B. King - Director 10,104,001 10,104,001 1.000% Gerardo Lanuza, Jr. - Director 433,880 433,880 0.043% Antonio C. Pastelero - Director 290,950 290,950 0.029% Johnny T. Hernandez - Director 433,876 433,876 0.043% Robertino E. Pizarro - Officer 1,922,741 1,922,741 0.190% Marriz C. Agbon - Officer 0 0 0.000% Marian C. Pineda - Officer 86,020 86,020 0.009% Cecille B. Dicdiquin - Officer 67,045 67,045 0.007% 481,775,819 481,775,819 47.704% * Deceased - March 1999