Universal Rightfield Property Holdings, Inc.

November 26, 1999 PSE CIRCULAR FOR BROKERS NO. 3023-99 SUBJECT : Universal Rightfield Property Holdings, Inc . Further to Circular for Brokers No. 2576-99 dated October 11, 1999, Universal Rightfield Property Holdings, Inc. ("UP") furnished the Exchange a copy of its SEC Form 34-C (Preliminary Information Statement), in connection with its Annual Stockholders' Meeting which will be held on December 14, 1999 , at 8:30 a.m., at the 9/F Function Room, Pioneer Highlands, Pioneer corner Madison Sts. Mandaluyong City. The agenda of the meeting shall be as follows: llcd 1. Call to Order cdll 2. Proof of Notice and Certification of Quorum 3. Approval of Minutes of the Previous Meeting LexLib 4. Chairman's Address 5. President's Report and Presentation of Financial Statements 6. Election of Directors prcd 7. Appointment of External Auditor 8. Other Matters 9. Adjournment As previously announced, stockholders of record as of November 15, 1999 are entitled to notice of, and to vote at, said meeting. A copy of UP's Preliminary Information Statement is available for reference at the PSE Centre and PSE-Ayala Libraries. For your information. prcd (SGD.) MARIA ISABEL T. GARCIA OIC, Listings and Disclosure Dept.