PSE Circular for Brokers No. 287-99

February 16, 1999 PSE CIRCULAR FOR BROKERS NO. 287-99 February 16, 1999 DISCLOSURE DEPARTMENT Listings and Disclosure Group 4th floor, Philippine Stock Exchange Center, Exchange Road Ortigas Center, Pasig City Attention: Mr . Reynaldo P . Ong Vice President , Listings and Disclosure Group RE : Special Stockholders' Meeting of Dharmala Philippines, Inc . Gentlemen : Please be informed that a special stockholders' meeting of Dharmala Philippines, Inc. was held today, February 16, 1999 at 10:00 a. m. at its principal office. During the meeting, the stockholders approved the amendment of Article I of the Corporation's Articles of Incorporation to change the corporate name of the Corporation from Dharmala Philippines, Inc. to Wise Holdings, Inc. cdlex Likewise, the stockholder approved the amendment of Section 3 of Article I of the By-Laws to change the notification period for stockholders' meeting from twenty (20) days or at least twenty five (25) business days. Very truly yours, (SGD.) HELEN C. DE LEON-MANZANO Corporate Secretary