Jollibee Foods Corporation

March 18, 1999 PSE CIRCULAR FOR BROKERS NO. 523-99 SUBJECT : Jollibee Foods Corporation Jollibee Foods Corporation ("JFC") 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 May 10, 1999 , at 2:30 P.M. at the Kalayaan Hall, Club Filipino, Greenhills, San Juan, Metro Manila. The agenda for the meeting shall be as follows: 1. Call to Order; 2. Certification by the Corporate Secretary on the sending of notices and existence of a quorum; 3. Reading and Approval of minutes of the last Annual Stockholders' Meeting; 4. Report of the President; 5. Approval of the Financial Statements for the fiscal year ended December 31, 1998; 6. Ratification of actions taken by the Board of Directors and Officers of the Corporation since the last annual meeting of the stockholders; 7. Election of Directors; 8. Appointment of External Auditors; 9. Transaction of such other matters as may properly come before the meeting; and 10. Adjournment. Stockholders of record as of March 18, 1999 are entitled to notice of, and to vote at, said meeting. A copy of JFC's Preliminary Information Statement is available for reference at the PSE Library and PSE-Plaza Administration Office. For your information. LLpr (SGD.) RAFAEL L. LLAVE Chief Operating Officer