PSE Circular for Brokers No. 2822-98

December 24, 1998 PSE CIRCULAR FOR BROKERS NO. 2822-98 SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11(a)-1(b)(3) THEREUNDER 1. Date of Report: December 24, 1998 2. SEC Identification Number: 11840 3. BIR Tax Identification No.: 430-000-100-341 4. Name of registrant as specified in its charter: PURE FOODS CORPORATION 5. Province, country or other jurisdiction of incorporation: PHILIPPINES 6. Industry Classification Code (SEC Use Only): 7. Address of Principal Office: JMT Corporate Condominium, ADB Ave., Ortigas Center, Pasig City, Metro Manila 8. Registrant's telephone number, including area code: (632) 644-1010 9. Securities registered pursuant to Secs. 4 and 8 of the RSA: a. Authorized Capital Stock: P840,000,000.00 Title of Each Class (P10.00 par value) AUTHORIZED CAPITAL STOCK COMMON "A" per share 50,628,000 COMMON "B: 33,372,000 84,000,000 b. No. of Shares Outstanding as of 31 Dec., 1997 COMMON "A" 38,132,713 COMMON "B" 22,573,827 60,706,540 c. Amount of Debt Outstanding as of Dec. 31, 1997 P4,405,126,000.00 (Total Current Liabilities) 10. Item Numbers reported herein: 9(b) 1. Signing of the Joint Venture Agreement between Pure Foods Corporation and Hormel Foods Corporation of Austin, Minnesota, U.S.A. thru its affiliate Hormel Netherlands B.V. a corporation organized under the laws of The Netherlands with principal offices at Strawinskylaan 2001,1077ZZ in Amesterdam of the Netherlands. 2. Forming of the Joint Venture Company called "The Purefoods-Hormel Company, Inc. aisadc 3. Redemption into Treasury of 3,822,246 Purefoods Common Class B shares from Hormel International Corporation at P46.61 per share, which is part of the consideration for Hormel's acquisition of 40% equity in the Joint Venture company. Pursuant to the requirement of the Revised Securities Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PURE FOODS CORPORATION (SGD.) ATTY. DAVID R. HILARIO Vice President & Asst . Corp . Sec .