Atlas Fertilizer Corporation

March 22, 1999 PSE CIRCULAR FOR BROKERS NO. 555-99 SUBJECT : Atlas Fertilizer Corporation Further to Circular for Brokers No. 377-99 dated March 1, 1999, Atlas Fertilizer Corporation ("FER") furnished the Exchange a copy of its SEC Form 34-C (Definitive Information Statement) in connection with its Annual Stockholders' Meeting which will be held on April 12, 1999 , at 2:00 P.M. at the Penthouse, BA Lepanto Building, Paseo de Roxas, Makati City. The agenda for the meeting shall be as follows: LLjur 1. Call to Order 2. Proof of Notice 3. Determination of Quorum 4. Approval of Previous Minutes Annual Meeting dated May 15, 1997 5. Management Report 6. Approval of Annual Report and Audited Financial Statement for the fiscal year 1997 and Ratification of actions taken by the Board of Directors and Officers since the last annual meeting 7. Nomination and Election of Directors 8. Appointment of External Auditor 9. Approval of Proposed Amendments to the Articles of Incorporation 10. Other Matters 11. Adjournment. As previously announced, stockholders of record as of March 12, 1999 are entitled to notice of, and to vote at, said meeting. A copy of FER's Definitive Information Statements is available for reference at the PSE Library and PSE-Plaza Administration Office. For your information. (SGD.) JOSE LUIS U. YULO, JR. President and CEO