PhilWeb.Com, Inc.

March 9, 2000 PSE CIRCULAR FOR BROKERS NO. 612-00 SUBJECT : PhilWeb . Com , Inc . PhilWeb.Com, Inc. ("WEB") informed the Exchange that the Securities and Exchange Commission (SEC) approved on March 6, 2000 its Amended Articles of Incorporation, particularly the amendment to Article VII, reflecting the increase in its authorized capital stock from P200,000,000.00, divided into 20,000,000,000 common shares with a par value of P0.01 per share, to P2,600,000,000.00, divided into 260,000,000,000 common shares with a par value of P0.01 per share. Included in the said amendment is the declassification of its shares into one class. WEB noted that the 60,000.000,000 shares with a par value of P0.01 per share subscribed by the Ongpin group out of the said increase, or approximately 73.4% of the issued capital stock after the increase, are subject to a lock-up and will not be tradable for one (1) year from January 18, 2000. In connection with the declassification of its shares, WEB advised the Exchange that the old stock certificates of the Company will continue to be honored and used for trading. In view thereof, the declassification of WEB shares will be reflected in the Exchange's computer system (electronic board and ticker) on Monday, March 13, 2000. For your information. (SGD.) MARIA ISABEL T GARCIA OIC Listings & Disclosure Group