Hi Cement Corporation Additional Listing

October 26, 1999 PSE CIRCULAR FOR BROKERS NO. 2737-99 SUBJECT : Hi Cement Corporation Additional Listing The Exchange approved on March 18, 1999, subject to the actual conversion of convertible notes, the listing application of HI CEMENT CORPORATION (the "Company") to list a maximum of P768,500,220 common shares, with a par value of P1.00 per share, to cover the underlying shares of the P768,500,220.00 worth of Convertible Notes. In connection with this, please be advised that the Company's stock transfer agent has received a notice from a noteholder for the conversion of P5,075,000.00 worth of convertible notes to P5,075,000 common shares. In view thereof, the listing of the 5,075,000 common shares is set for Wednesday, October 27, 1999 . This brings a total of 20,239.000 common shares already listed arising from the conversion of P20,239,000.00 worth of Notes. cdll The designated Stock Transfer Agent is hereby authorized to record and register in its books the above number of shares. For your information and guidance. (SGD.) MARIA ISABEL T. GARCIA OIC, Listing and Disclosure Group