Hi Cement Corporation Additional Listing

December 8, 1999 PSE CIRCULAR FOR BROKERS NO. 3136-99 SUBJECT : Hi Cement Corporation Additional Listing The Exchange approved on March 18, 1999, subject to the actual conversion of convertible notes, the listing application of HI CEMENT CORPORATION (the "Company") to list a maximum of 768,500,220 common shares, with a par value of P1.00 per share, to cover the underlying shares of the P768,500,220.00 worth of Convertible Notes. In connection with this, please be advised that the Company's stock transfer agent has received a notice from noteholders for the conversion of P679,000.00 worth of convertible notes to 679,000 common shares. cdll In view thereof, the listing of the 679,000 common shares is set for Thursday, December 9, 1999. This brings a total of 28,658,000 common shares already listed arising from the conversion of P28,658,000.00 worth of Notes. cdll The designated Stock Transfer Agent is hereby authorized to record and register in its books the above number of shares. For your information and guidance. (SGD.) MARIA ISABEL T. GARCIA OIC, Listings and Disclosure Group