Mabuhay Vinyl Corporation

March 16, 1999 PSE CIRCULAR FOR BROKERS NO. 502-99 SUBJECT : Mabuhay Vinyl Corporation Further to Circular No. 356-99 dated February 25, 1999, Mabuhay Vinyl Corporation ("MVC") furnished the Exchange a copy of its SEC Form 34-C (Preliminary Information Statement) in connection with its Annual Stockholders' Meeting which will be held on April 29, 1999 , at 3:00 p.m., at the Makati Sports Club, Alfaro Street, Salcedo Village, Makati City. The agenda for the meeting shall be as follows: aisadc 1. Call to Order 2. Proof of Notice 3. Certification of Notice and Quorum 4. Reading and approval of the Minutes of the Annual Stockholders Meeting on 25 June 1998 5. Ratification of corporate acts of the Board of Directors and Officers for the period under review 6. President's Report 7. Approval of the 1998 Annual Report and 1998 Audited Financial Statements 8. Election of the Directors for the year 1999-2000 9. Appointment of External Auditor 10. Other Matters As previously announced, stockholders of record as of April 12, 1999 are entitled to notice of, and to vote at, said meeting. A copy of MVC's Preliminary Information Statement is available for reference at the PSE Library and PSE-Plaza Administration Office. For your information. (SGD.) RAFAEL L. LLAVE Chief Operating Officer