Zeus Holdings, Inc.

November 24, 1998 PSE CIRCULAR FOR BROKERS NO. 2644-98 SUBJECT : Zeus Holdings, Inc . Further to Circular No. 2529-98 dated November 5, 1998, Zeus Holdings, Inc. ("ZHI") furnished the Exchange a copy of its SEC Form 34-C (Definitive Information Statement) in connection with its Annual Stockholders' Meeting which will be held on December 14, 1998 , at 10:30 a.m., at the Mulawin Room, Dusit Hotel, Makati City. The agenda for the meeting shall be as follows: 1. Call to Order 2. Certification of Notice and Quorum 3. Approval of the Minutes of the Previous Meeting of the Stockholders 4. Management Report 5. Approval of 1997 Audited Financial Statements 6. Ratification of Acts of the Board of Directors and the Management during the year up to the date of the Stockholders' Meeting 7. Nomination and Election of Directors for the current year 8. Appointment of external auditors 9. Other Business 10. Adjournment As previously announced stockholders of record as of November 18, 1998 are entitled to notice of, and to vote at, said meeting. cdlex A copy of ZHI's Definitive Information Statement is available for reference at the PSE Library and PSE-Plaza Administrative Office. For your information. (SGD.) JOSE LUIS U. YULO, JR. President and CEO