SPI Technologies, Inc.

April 2, 1998 PSE CIRCULAR FOR BROKERS NO. 567-98 SUBJECT : SPI Technologies, Inc . Further to Dividend Notice No. 213 dated November 20, 1997, SPI Technologies, Inc. ("SPI") informed the Exchange in a letter dated April 1, 1998 that the Securities and Exchange Commission (SEC), in an order dated March 30, 1998, fixed April 15, 1998 as the record date for stockholders entitled to the 40% stock dividend declaration, out of the increase in authorized capital stock, approved by the company's Board of Directors on November 20, 1997 and ratified by the stockholders on January 9, 1998. To cover the said 40% stock dividend declaration, SPI was authorized by the SEC to issue 25,016,542 common shares of the par value of P1.00. prLL SPI, likewise, furnished the Exchange a copy of the Amended Articles of Incorporation, reflecting the increase in its authorized capital stock from P100,000,000 to P200,000,000, approved by the SEC on March 30, 1998. For your information. (SGD.) REYNALDO P. ONG Vice-President, Listing and Disclosures Group