BW Resource Corporation

November 15, 1999 PSE CIRCULAR FOR BROKERS NO. 2910-99 SUBJECT : BW Resource Corporation Further to Circular No. 2861-99 dated November 10, 1999, BW Resource Corporation ("BW") furnished the Exchange a copy of its SEC Form 34-A (Amended Proxy Statement), including its latest Audited Financial Statements, in connection with its Annual Stockholders' Meeting which will be held on December 16, 1999 , at 3:00 p.m., at the Grand Ballroom, New World Renaissance Hotel Esperanza St., corner Makati Avenue, Makati City. The agenda of the meeting shall be as follows: LibLex 1. Call to order 2. Proof of due notice of meeting and existence of quorum 3. Approval of the Minutes of the previous meeting 4. Report of the President LexLib 5. Overview of Company Strategy and Future Prospects cdll 6. Approval of the Audited Financial Statements as of December 31, 1998 7. Ratification of Resolutions, Contracts and Acts of the Board of Directors and Previous Management 8. Amendment of Article VII of the Articles of Incorporation 9. Increase in Capitalization to P3.5 Billion 10. Amendment of the Article VI of the Articles of Incorporation LibLex 11. Increase in Number of Directors from 9 to 11 12. Approval of acquisition of Best World Gaming and Entertainment Corporation in exchange for shares of stock 13. Approval of acquisition of properties in exchange for shares of stock 14. Agreement between BW Resource Corporation and Walter Group International LexLib 15. Election of New Directors cdlex 16. Appointment of External Auditor LibLex 17. General Matters llcd 18. Adjournment Stockholders of record as of November 16, 1999 are entitled to notice of, and to vote at, said meeting. Stockholders who cannot attend the meeting may send a proxy instrument not later than the close of business on December 16; 1999 at the 10th Floor Chatham House, 116 Valero corner Herrera Streets, Salcedo Village, Makati City. Corporate stockholders should attach to the proxy their respective Board Resolutions vis-a-vis the authority of their proxies. Validation of proxies shall be held on December 7, 1999 at the office of the Corporation's stock transfer agent, Stock Transfer Service, Inc. at the G/F Asianbank Center, Sen. Gil Puyat Avenue, Salcedo Village, Makati City. A copy of BW's Amended Proxy Statement including its latest Audited Financial Statements is available for reference at the PSE Centre and PSE-Plaza Libraries. For your information. (SGD.) MARIA ISABEL T. GARCIA OIC, Listings and Disclosures Group