PSE Circular for Brokers No. 301-99

February 18, 1999 PSE CIRCULAR FOR BROKERS NO. 301-99 SECURITIES AND EXCHANGE COMMISSION SEC Form 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11 (a)-1 (b)(3) THEREUNDER 1. February 17,1999 (Date of Report) 2. SEC Reg. No. 184044 3. BIR TIN: 350-000-775-860 4. JG SUMMIT HOLDINGS, INC. (Exact name of registrant as specified in its charter) 5. Metro Manila, Philippines 6. Industry Classification Code: (Province, country or other jurisdiction of incorporation) 7. 29/F Galleria Corporate Center, EDSA cor. Ortigas Ave., Quezon City, Metro Manila (Address of principal office) 8. 633-7631 to 40 (Tel. No.) 9. NA (Former name or former address, if changed since last report) 10. Securities registered pursuant to Sections 4 and 8 of the RSA: Number of Shares of Title of Each Class Common Stock Outstanding Common 6,277,347,185 *** JG SUMMIT HOLDINGS, INC. 11. Item 2 Acquisition or Disposition of Assets JG Summit Holdings, Inc . is pleased to advise you that on 17 February 1999, it concluded the sale of its equity and debt interests in APO Cement Corporation to Triple Dime Holdings, Inc . , a Philippine affiliate of Cemex S . A . de C . V . (Cemex), for a consideration of US$191,500,000. In addition, various foreign affiliates of Cemex assumed certain of APO's foreign currency denominated-debts (consisting of loans and advances) valued at approximately US$210,000,000.00 . cdll SIGNATURES Pursuant to the requirements of the Revised Securities Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. JG Summit Holdings, Inc. (SGD.) EMMANUEL C. ROJAS JR. Corporate Secretary Footnotes *** Includes Treasury shares of 94,582,000.