PSE Circular for Brokers No. 2755-98

December 14, 1998 PSE CIRCULAR FOR BROKERS NO. 2755-98 December 11, 1998 PHILIPPINE STOCK EXCHANGE, INC. 4/F Philippine Stock Exchange Center PSE Center, Exchange Road Ortigas Center, Pasig City Fax No. 634-51-13 Attention: Disclosure Department Listings and Disclosure Group Gentlemen : In compliance with the existing rules of the Exchange, please be informed that the Agenda for the Special Stockholders' Meeting scheduled on January 8, 1999 at 8:00 a.m. at Makati Sports Club, Alfaro Street, Salcedo Village, Makati City shall be as follows: 1. Call to order 2. Notice and quorum 3. Approval of the Minutes of the Annual Meeting held on May 22, 1998 4. Assignment of CICI's insurance related assets to another corporate entity 5. Authorization of the Board of Directors to determine and identify the corporate entity which will acquire the insurance related assets of CICI 6. Change in the primary purpose of CICI from a non-life insurance company to an investment holding company and inclusion of secondary purposes. 7. Change in corporate name to BHI Holdings, Inc. 8. Amendment of the First Paragraph, Second Paragraph and Title Heading of the Articles of Incorporation and the Title Heading and Adoption Clause of the By-laws of CICI. 9. Other matters as may properly come before the meeting. 10. Adjournment cd Thank you. Very truly yours, (SGD.) ATTY. NEMESIO R. BRIONES Corporate Secretary