Alaska Milk Corporation

March 26, 1999 PSE CIRCULAR FOR BROKERS NO. 611-99 SUBJECT : Alaska Milk Corporation Further to Circular No. 577-99 dated March 24, 1999, Alaska Milk Corporation ("AMC") furnished the Exchange a copy of its SEC Form 34-C (Preliminary Information Statement) in connection with its Annual Stockholders' Meeting which will be held on May 10, 1999 , at 9:00 a.m., at the Mandarin Oriental Hotel, Ballroom 1 & 2, Makati Avenue corner Paseo de Roxas, Makati City. The agenda for the meeting shall be as follows: 1. Call to Order 2. Proof of Notice 3. Determination of Quorum 4. Approval of the Minutes of the Meeting held on May 25, 1998 5. Report of the President 6. Approval of Audited Financial Statements as of December 31, 1998 7. Election of Directors for the Ensuing Year 8. Ratification of the Acts of the Board of Directors and Corporate Officers 9. Appointment of External Auditor 10. Other Matters 11. Adjournment As previously announced, stockholders of record as of April 8,1999 are entitled to notice of, and to vote at, said meeting. A copy of AMC's Preliminary Information Statement is available for reference at the PSE Library and PSE-Plaza Administration Office. aisadc For your information. (SGD.) JOSE LUIS U. YULO, JR. President and CEO