AJO.net Holdings, Inc. (formerly Acoje Holdings, Inc.)

March 9, 2000 PSE CIRCULAR FOR BROKERS NO. 607-00 SUBJECT : AJO.net Holdings, Inc. (formerly Acoje Holdings, Inc.) Additional Listing The Exchange approved on February 16, 2000 the listing application of AJO.net Holdings, Inc. (the "Company" or "AJO") to list additional 495,000,000 common shares, with a par value of P1.00 per share , to cover the following: 1. 275,000,000 common shares to cover the share-for-share swap with GEM Communications, Inc., ATC Securities, Inc., and Anselmo Trinidad, Jr . at a swap price of P1.00 per share; and llcd 2. 220,000,000 common shares to cover the private placement of Mr. Rolando S. Atienza, Mr. Manuel T. Frondoso, Mr. Simplicio J. Roxas, Mr. Anselmo Trinidad, Jr., and ATC Securities, Inc. at a subscription price of P1.00 per share . In exchange, the Company received 487 membership shares in Metropolitan Club, Inc. ("Metroclub"), at an exchange ratio of 650,000 AJO shares for every one (1) Metroclub share and cash payments amounting to P178,450,000. In view thereof, the listing of 495,000,000 common is set for Monday, March 13, 2000 . The designated Stock Transfer Agent is hereby authorized to record and register in its books the above number of shares. For your information and guidance. prcd (SGD.) MARIA ISABEL T. GARCIA OIC, Listings and Disclosure Group