MRC Allied Industries, Inc.

November 11, 1999 PSE CIRCULAR FOR BROKERS NO. 2876-99 SUBJECT : MRC Allied Industries, Inc . Further to Circular for Brokers No. 889-99 dated April 27, 1999, MRC Allied Industries, Inc. ("MRC") furnished the Exchange a copy of its SEC Form 34-C (Definitive Information Statement), including its Audited Financial Statements as of December 31, 1998, in connection with its Annual Stockholders' Meeting which will be held on November 29, 1999 , at 8:00 a.m., at the Camella Room, Dusit Hotel Nikko, Makati City. The agenda for the meeting shall be as follows: 1. Call to Order 2. Proof of the Required Notice of Meeting 3. Proof of the Presence of a Quorum cdll 4. Approval of the Minutes of the Previous Meeting cdll 5. Report of the Board of Directors 6. Ratification of Corporate Acts 7. Appointment of Election Inspectors 8. Appointment of External Auditor LexLib 9. Election of the Board of Directors llcd 10. Other Business 11. Adjournment Stockholders of record as of 3 November 1999 are entitled to notice of, and to vote at, said meeting. A copy of MRC's Definitive Information Statement, including its Audited Financial Statement, is available for reference at the PSE Centre and PSE-Plaza Libraries. LibLex For your information. prcd (SGD.) MARIA ISABEL T. GARCIA OIC, Listings and Disclosure Group