East Asia Power Resources Corporation Computation of Rights Entitlements

November 22, 1999 PSE CIRCULAR FOR BROKERS NO. 2968-99 SUBJECT : East Asia Power Resources Corporation Computation of Rights Entitlements Further to Circular for Brokers No. 2770-99 dated October 28, 1999, we are disseminating the basis for subscription for EAST ASIA POWER RESOURCES CORPORATION'S (the "Company") Rights Offering as requested by the Company's Underwriter, PNB Capital and Investment Corporation. Under the terms and conditions of the Rights Offering, Shareholders registered as of record date of November 19, 1999 will be offered One and 75/100 (1.75) Rights Shares for every One (1) Common share held. To illustrate: Company's Common Shares Held as of Record Date Rights Shares Entitlement (Common Shares held x 1.75) Shareholder A 100 Common Shares 175 Rights Shares Shareholder B 550 Common Shares 962 Rights Shares Shareholder C 52,700 Common Shares 92,225 Rights Shares Note: Fractional Shares shall be-rounded off to the lower whole number. For your information and guidance. (SGD.) MARIA ISABEL T. GARCIA OIC, Listings and Disclosure Group