Manila Mining Corporation Additional Listing

March 26, 1998 PSE CIRCULAR FOR BROKERS NO. 500-98 SUBJECT : Manila Mining Corporation Additional Listing Please be informed that on July 24, 1996, the Exchange approved, subject to the actual availment and full payment of the shares, the listing application of MANILA MINING CORPORATION ("Company") to list 418,500,000 common shares consisting of 251,100,000 Class "A" shares and 167,400,000 Class "B" shares with a par value of P0.01 per share, to cover the Company's Seventh Stock Option Awards under the Company's Stock Option Plan. llcd On July 18, 1996, the Exchange approved, subject to the availment of the shares for the Stock Option, the listing application of the Company to list additional 167,400,000 shares representing the 40% upward adjustment on the shares being granted under the 7th Stock Option Awards resulting from the 40% stock dividend declaration due to stockholders of record as of May 15, 1996. In connection with this, please be advised that 6,000,000 shares consisting of 3,600,000 Class "A" shares and 2,400,000 Class "B" shares have been availed of and fully paid for under the Company's Stock Option Plan. In view thereof, the listing of 6,000,000 shares consisting of 3,600,000 Class "A" shares and 2,400,000 Class "B" shares availed under the Company's Stock Option Plan is set for Friday, April 3, 1998 . This brings to a total of 43,600,000 shares that are already listed under the Company's Seventh Stock Option Awards. LibLex For your information and guidance. (SGD.) MARIA ISABEL T. GARCIA Head, Listing and Disclosures Group