PSE Circular for Brokers No. 513-99

March 17, 1999 PSE CIRCULAR FOR BROKERS NO. 513-99 March 16, 1999 THE PHILIPPINE STOCK EXCHANGE, INC . Disclosure Department Listings and Disclosure Group Philippine Stock, Exchange Center Exchange Road, Ortigas Center Pasig City Fax No. 637-8811; 636-0809 Attention: Ms . Grace Guia Compliance Supervisor SUBJECT : Offer to Swap RFM Common Stock for Swift Common Stock Guidelines for Participating Brokers Gentlemen : Further to on Disclosure dated March 12, 1999, may we kindly remind all brokers who wish to participate in the SFI-RFM Share Swap to fax, then deliver in original, a letter following the attached format to PCIB Securities, Inc. for the accurate tracking and orderly electronic transfer of SFI Shares held under respective Philippine Central Depositor (PCD) accounts to PCIBSI PCD Account B131. Participating brokers should fax said letter to PCIBSI's fax no. 750-6287. In response, PCIBSI will fax back receipt and conforme Thank you very much. LibLex Very truly yours, (SGD.) RAYMOND B. AZCARATE Vice President Finance Division March 15, 1999 PCIB SECURITIES, INC . 20/F PCIB Tower I, Makati Ave., Makati City Attention: Mr. Ramon Vicente T. Kabigting Vice President and General Manager Ms. Gretel D. Orejudos Operations Manager Gentlemen : ________________________________ is delivering __________shares of Swift Food, Inc. (Swift) representing the holdings purchased up to February 26, 1999 of our clients who wish to participate in the RFM-Swift share swap. Our clients commit to sell and authorize PCIB Securities, Inc. (PCIBSI) to sell these Swift shares to RFM Corp. in exchange for RFM shares under the terms of the swap. These Swift shares will be held in custodianship by PCIBSI until such time that the exchange for RFM shares has been affected by PCIBSI. Thank you very much. Very truly yours, _______________________ Authorized signatory/ies PCIBSI hereby accepts _______________ Swift shares from ___________________________________ and shall hold these shares in custody for purposes of selling them to RFM Corp. and settling the same sale under the terms and conditions of the RFM-Swift share swap to be executed within thirty (30) trading days from April 12, 1999. LLpr Acceptance and Conforme: _________________________ PCIBSI authorized signatory