PSE Circular for Brokers No. 622-00

March 10, 2000 PSE CIRCULAR FOR BROKERS NO. 622-00 Securities & Exchange Commission Attention : Director Linda A . Daoang Money Market Department S.E.C. Building, EDSA Mandaluyong City Philippine Stock Exchange Attention : Compliance & Surveillance Dept . 4/F PSE Center, Exchange Road Ortigas Center, Pasig City Gentlemen : In compliance with the disclosure rules of the Securities & Exchange Commission and the Philippine Stock Exchange, we are furnishing you herewith a copy of the Notice and Agenda of the Cebu Holdings, Inc. Regular Annual Stockholders Meeting to be held on Friday, 14 April 2000. llcd Thank you. Very truly yours, (SGD.) RENATO O. MARZAN Corporate Secretary NOTICE OF REGULAR ANNUAL STOCKHOLDERS' MEETING NOTICE IS HEREBY GIVEN that the regular annual stockholders' meeting of CEBU HOLDINGS, INC. will be held at the Grand Ballroom, Cebu City Marriott Hotel, Cebu City, on Friday, 14 April 2000 at 10:00 a.m. with the following A G E N D A 1. Proof of Notice and Determination of Quorum 2. Approval of Minutes of Previous Meeting 3. Annual Report 4. Ratification of all acts and resolutions of the Board of Directors, Executive Committee and Management for the period covering 1 January 1999 through 31 December 1999. 5. Election of Directors 6. Election of Auditors and fixing their remuneration 7. Consideration of such other business as may properly come before the meeting. 8. Adjournment Stockholders of record as of 8 March 1999 shall be the stockholders entitled to vote at this meeting. As per By-Laws, the Stock and Transfer Books of the Corporation will be closed from 24 March to 14 April 2000, inclusive. If you would be unable to attend the meeting but would like to be represented thereat, you may accomplish the proxy form provided for the purpose and submit the same to the Office of the Corporate Secretary on or before 5 April 2000 at 3:00 P.M. You may use the enclosed reply envelope for this purpose. Validation of proxies shall be held on 7 April 2000 at 4:00 P.M. at the Office of the Corporate Secretary, 7F Cebu Holdings Center, Cebu Business Park, Cebu City. LibLex Cebu City, 9 March 2000. FOR THE BOARD OF DIRECTORS (SGD.) RENATO O. MARZAN Corporate Secretary P R O X Y I/WE hereby name and appoint _______________, or in his/her absence, the Chairman of the Meeting, as my/our proxy at the annual stockholders' meeting of CEBU HOLDINGS, INC. to be held at the Grand Ballroom, Cebu City Marriot Hotel, Cebu City, on FRIDAY, 14 April 2000 at 10:00 a.m. and at any postponement or adjournment thereof. ________________ ____________________ Place Date WITNESSES _____________________ (Printed Name & Signature) __________________ _____________________ __________________ _____________________ No. of Shares Held: ______