Jollibee Foods Corporation

March 31, 1998 PSE CIRCULAR FOR BROKERS NO. 539-98 SUBJECT : Jollibee Foods Corporation Jollibee Foods Corporation ("JFC") furnished the Exchange on March 27, 1998 a copy of SEC Form 34-C (Definitive Information Statement) in connection with its Annual Stockholders' Meeting which will be held on Wednesday, May 6, 1998 , 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: cdlex 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, 1997; 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. Approval and Ratification of Guaranty issued by the Company in favor of the holders of Warrants issued by Queenbee Resources Corporation; 10. Transaction of such other matters as may properly come before the meeting; and 11. Adjournment. Stockholders of record as of April 6, 1998 are entitled to vote and be voted during said meeting. cdll A copy of JFC's SEC Form 34-C is available for reference at the PSE Library and PSE-Plaza Administration Office. For your information. (SGD.) MA. ISABEL T. GARCIA Head, Listing and Disclosures Group