Cosmos Bottling Corporation Additional Listing

February 26, 1999 PSE CIRCULAR FOR BROKERS NO. 364-99 SUBJECT : Cosmos Bottling Corporation Additional Listing Please be informed that 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. 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. cdlex In connection therewith, please be advised that the Company has received notice from a preferred shareholder for the conversion of 75,999 preferred shares to 151,998 common shares. In view thereof, the listing tire 151,998 common shares is set for Monday, March 1, 1999 . This brings to a total of 351,786 common shares already listed arising from the conversion of 175,893 preferred shares. For your information and guidance. (SGD.) LUIS U. YULO, JR. President & CEO