RFM Corporation Additional Listing

December 23, 1999 PSE CIRCULAR FOR BROKERS NO. 3275-99 SUBJECT : RFM Corporation Additional Listing On March 5, 1997, the Exchange approved subject to the actual exercise of the Conversion Right by the preferred shareholders, the application of RFM CORPORATION (the "Company") to list 254,466,865 common shares, with a par value of P2.00 per share, to cover the underlying shares of the 10% convertible preferred shares, at the conversion ratio of 1 common share for every 1 preferred share held. In connection therewith, please be advised that the Company has received notice from a preferred shareholder for the conversion of 142,187 preferred shares to 142,187 common shares. In view thereof, the listing of the 142,187 common shares is set for Friday, December 24, 1999 . This brings the number of common shares listed arising from the conversion of 21,847,371 preferred shares to a total of 21,847,371 common shares. 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