Hi Cement Corporation

November 22, 1999 PSE CIRCULAR FOR BROKERS NO. 2985-99 SUBJECT : Hi Cement Corporation Further to Circular No. 2471-99 dated October 1, 1999, Hi Cement Corporation ("HCC") furnished the Exchange a copy of its SEC Form 34-C (Definitive Information Statement) in connection with its Annual Stockholders' Meeting which will be held on November 23, 1999 , at 5:00 p.m., at New World Renaissance Hotel, Grand Ballroom, Esperanza St., corner Makati Avenue, Makati City for the following purposes: prcd 1. Approval of Minutes of previous meeting 2. Approval of Financial Statements 3. Plan of Merger 4. Increase of Authorized Capital Stock/Amendment of Articles of Incorporation (Art. Seventh) cdll 5. Change of Corporate Name/Amendment of Articles of Incorporation (Art. First) 6. Change of Accounting Period/Amendment of By-Laws (Art. V, Sec. 1) prcd 7. Change of Date of Annual Stockholders' Meeting/Amendment of By-Laws (Art. I, Sec. 1) 8. Election of Directors 9. Appointment of Auditors 10. Other Matters 11. Adjournment As previously announced, stockholders of record as of October 22, 1999 are entitled to notice of, and to vote at, said meeting. LexLib A copy of HCC's Definitive Information Statement is available for reference at the PSE Centre and PSE-Plaza Libraries. llcd For your information. (SGD.) MARIA ISABEL T. GARCIA OIC, Listings and Disclosures Group