PSE Circular for Brokers No. 597-00

March 9, 2000 PSE CIRCULAR FOR BROKERS NO. 597-00 March 8, 2000 Philippine Stock Exchange Disclosure Department Listings and Disclosure Group Philippine Stock Exchange Center Exchange Road, Ortigas Center Pasig City Attention: Ms . Grace de Guia Gentlemen : Cosmos Bottling Corporation will hold its annual stockholders' meeting on 11 April 2000 at 10:00 A.M. at the Auditorium, RFM Corporate Center, Cor. Pioneer and Sheridan Streets, Mandaluyong City. Stockholders of record as of 11 March 2000 are entitled to vote during said meeting, during which, the Financial Statements of the corporation for the year 1999 will be presented. Based on unaudited results, the corporation expanded its net sales by 15 percent to P4.08 Billion in 1999 from P3.54 Billion in 1998. Net income after tax is expected to reach P510 Million, 6 percent below last year, as a result of relatively higher sugar prices and greater support for brand-building activities in 1999. The agenda of the meeting is attached as Annex "A". Immediately after the stockholders' meeting, the Board of Directors of the corporation will meet to elect the officers for the year 2000 and to declare cash dividends in the amount of P500 Million. The issuance of cash dividends is being recommended as the corporation continues to post growth despite the double digit contraction in softdrink industry volumes last year as a result of week consumer demand and the generally rainy weather. Mr. Bach Johann Sebastian, the corporation's Disclosure Officer, is out-of-the country and is therefore unable to sign this disclosure. Very truly yours, (SGD.) ATTY. CRISTINA D. REYES Corporate Secretary ANNEX A NOTICE OF ANNUAL MEETING NOTICE IS HEREBY GIVEN that the Annual Meeting of the Stockholders of COSMOS BOTTLING CORPORATION will be held at the Auditorium, RFM Corporate Centre, Pioneer corner Sheridan, Mandaluyong City on 11 April 2000 at 10:00 A.M. Stockholders of record as of 11 March 2000 shall be entitled to vote at this meeting. This Notice is hereby given pursuant to the By-laws of the Corporation. (Sgd.) CRISTINA D. REYES Corporate Secretary AGENDA I. INVOCATION II. NOTICE OF MEETING III. CERTIFICATION ON THE PRESENCE OF A QUORUM IV. APPROVAL OF THE PREVIOUS MINUTES OF THE ANNUAL STOCKHOLDERS' MEETING V. PRESIDENT'S ANNUAL REPORT AND FINANCIAL STATEMENTS VI. RATIFICATION OF THE ACTS OF MANAGEMENT AND THE DIRECTORS OF THE CORPORATION VII. ELECTION OF DIRECTORS VIII. APPOINTMENT OF AUDITOR IX OTHER MATTERS X. ADJOURNMENT