PSE Circular for Brokers No. 2752-98

December 14, 1998 PSE CIRCULAR FOR BROKERS NO. 2752-98 SUBJECT : RFM Corporation Additional Listing Please be informed that on March 5, 1997, the Exchange approved subject to the actual exercise of the Conversion Right by the preferred shareholders, the application of RFM CORPORATION (the "Company") to list 254,466,865 common shares, with a par value of P2.00 per share, to cover the underlying shares of the 10% convertible preferred shares, at the conversion ratio of 1 common share for every 1 preferred share held. In connection therewith, please be advised that the Company has received notice from a preferred shareholder for the conversion of 15,000 preferred shares to 15,000 common shares. Lexlib In view thereof, the listing of the 15,000 common shares is set for Monday, December 14, 1998 . This brings to a total of 20,042,392 common shares already listed arising from the conversion of 20,042,392 preferred shares. For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & CEO