Universal Rightfield Property Holdings, Inc.

March 9, 2000 PSE CIRCULAR FOR BROKERS NO. 608-00 SUBJECT : Universal Rightfield Property Holdings, Inc . Further to Circular for Brokers No. 175-2000 dated January 26, 2000, Rightfield Property Holdings, Inc. ("UP") furnished the Exchange a copy of its SEC Form 34-A (Definitive Proxy Statement) in connection with its Annual Stockholders' Meeting which will be held on March 27, 2000 , at 8:30 a.m., at the Podium Deck Function-Room, Pioneer Highlands, Pioneer corner Madison Streets, Mandaluyong City. The agenda for the meeting shall be as follows: 1. Call to Order 2. Proof of Notice of Meeting and Certification of Quorum 3. Approval of the Minutes of the Previous Meeting of Stockholders cdll 4. Chairman's Address 5. President's Report and Presentation of Audited Financial Statements 6. Capital Restructuring and Recapitalization Decreasing Authorized Capital Stock from P3,000,000,000 to P750,000,000 Increasing Authorized Capital Stock from P750,000 to P2,350,000,000 7. Election of Directors 8. Appointment of External Auditors 9. Other matters 10. Adjournment Stockholders of record as of February 7, 2000 are entitled to notice of, and to vote at, said meeting. Stockholders who cannot attend the meeting may accomplish a proxy form and return the same to the Corporation at Unit 814/815 Globe Telecom Plaza, Pioneer Highlands, Pioneer corner Madison Streets, Mandaluyong City before March 24, 2000. A copy of UP's Definitive Proxy Statement is available for reference at the PSE Centre and PSE-Plaza Libraries. For your information. (SGD.) MARIA ISABEL T. GARCIA OIC, Listings and Disclosure Group