Cosmos Bottling Corporation Additional Listing

December 15, 1999 PSE CIRCULAR FOR BROKERS NO. 3197-99 SUBJECT : Cosmos Bottling Corporation Additional Listing On May 28, 1997, the Exchange approved subject to the actual exercise of the Conversion Right by the preferred shareholders, the application of COSMOS BOTTLING CORPORATION (the "Company") to list 287,500,000 common shares, with a par value of P1.00 per share, to cover the underlying shares of the 5% convertible preferred shares, at the conversion ratio of 1 common share for every 1 preferred share held. cdlex Furthermore, the Exchange approved subject to the actual exercise of the Conversion Right by the preferred shareholders, additional 287,500,000 underlying common shares, with a par value of P1.00 per share, to cover the adjustment in the conversion ratio to 2 common shares for every 1 preferred share held as a result of the 100% stock dividend declared to stockholders of record as of December 3, 1997. This shall bring-the total underlying shares to 575,000,000. In connection therewith, please be advised that the Company has received notice from preferred shareholders for the conversion of 2,449,414 preferred shares to 4,898,828 common shares. LibLex In view thereof, the listing of the 4,898,828 common shares is set for Thursday, December 16, 1999. This brings the number of common shares listed arising from the conversion of 264,907,797 preferred shares to a total of 529,815,594 common shares. 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