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SPI Technologies, Inc.

PSE Circular for Brokers No. 2869-99 • Philippine Stock Exchange • Circulars for Brokers • Nov 11, 1999

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November 11, 1999 PSE CIRCULAR FOR BROKERS NO. 2869-99 10 November 1999 DISCLOSURE DEPARTMENT LISTINGS & DISCLOSURE GROUP PHILIPPINE STOCK EXCHANGE CENTER Philippine Stock Exchange Center Exchange Road, Ortigas Center Pasig City, Metro Manila RE : SPI Technologies, Inc . Gentlemen: In compliance with the continuing disclosure requirements of the Exchange, we report that at the meeting of the Board of Directors of the Company held earlier today the Board of Directors authorized the entry of the Company into a joint venture for the purpose of engaging in the call center business, subject to, among others, the ability of the Company to raise adequate finding for the same venture. The joint venture partner is Integrated Telecom LLC, a California company, and the principal individual shareholders thereof. prcd Very truly yours, (SGD.) FRANCIS P. HERNANDO Chief Finance Officer

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