BW Resource Corporation

December 3, 1999 PSE CIRCULAR FOR BROKERS NO. 3079-99 SUBJECT : BW Resource Corporation Further to Circular for Brokers No. 2910-99, BW Resource Corporation ("BW") furnished the Exchange a copy of its SEC Form 34-A (Definitive Proxy Statement), including its Audited Financial Statements for fiscal year ended December 31, 1998, 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 for the meeting shall be as follows: llcd 1. Call to Order 2. Proof of Due Notice of Meeting and Existence of Quorum prcd 3. Approval of the Minutes of the Previous Meeting 4. Report of the President 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 up to P3.5 Billion LexLib 10. Amendment of Article VI of the Articles of Incorporation LibLex 11. Increase in Number of Directors from 9 to 11 LexLib 12. Approval of acquisition of Best World Gaming and Entertainment Corporation in exchange for shares of stock LexLib 13. Approval of acquisition of properties in exchange for shares of stock 14. Election of New Directors LexLib 15. Appointment of External Auditor prcd 16. General Matters 17. Adjournment As previously announced, stockholders of record as of November 16, 1999 are entitled to notice of, and to vote at, said meeting. A copy of BW's Definitive Proxy Statement, including its 1998 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 Disclosure Group