PSE Circular for Brokers No. 636-00

March 13, 2000 PSE CIRCULAR FOR BROKERS NO. 636-00 March 10, 2000 Philippine Stock Exchange Disclosure Department Listings and Disclosure Group Philippine Stock Exchange Center Exchange Road, Ortigas Center Pasig City Attention: Ms . Grace de Guia Gentlemen : RFM Corporation will hold its annual stockholders' meeting on 12 April 2000 at 9:00 A.M. at the Auditorium, RFM Corporate Center, Cor. Pioneer and Sheridan Streets, Mandaluyong City. Stockholders of record as of 12 March 2000 are entitled to vote during said meeting, during which, the Financial Statements of the corporation for the year 1999 will be presented. Based on unaudited results, RFM reached P18.3 Billion in total sales in 1999, up by 4% from P17.6 Billion posted in 1998, despite the generally weak consumer demand in the country last year. Operating income amounted to P1.325 Billion, an increase of 11% over the P1.194 posted in 1998. Net income on a recurring basis is expected to be lower at P153 Million compared to P357 Million in 1998 due to higher provisioning for income tax payments. After non-recurring items, net income is expected to be reduced to about P14 Million in 1999. The agenda of the meeting is attached as Annex "A". cdlex Mr. Bach Johann Sebastian, the corporation's Disclosure Officer, is out-of-the country and is therefore unable to sign this disclosure. Very truly yours, (SGD.) ATTY. CRISTINA D. REYES Asst. Corporate Secretary ANNEX A NOTICE OF ANNUAL MEETING NOTICE IS HEREBY GIVEN that the Annual Meeting of the Stockholders of RFM CORPORATION will be held at the Auditorium, RFM Corporate Centre, Pioneer corner Sheridan Streets, Mandaluyong City on 12 April 2000 at 10:00 A.M. Stockholders of record as of 12 March 2000 shall be entitled to vote at this meeting. This Notice is hereby given pursuant to the By-laws of the Corporation. (Sgd.) CRISTINA D. REYES Corporate Secretary AGENDA I. INVOCATION II. NOTICE OF MEETING III. CERTIFICATION ON THE PRESENCE OF A QUORUM IV. APPROVAL OF THE PREVIOUS MINUTES OF THE ANNUAL STOCKHOLDERS' MEETING V. PRESIDENT'S ANNUAL REPORT AND FINANCIAL STATEMENTS VI. RATIFICATION OF THE ACTS OF MANAGEMENT AND THE DIRECTORS OF THE CORPORATION VII. ELECTION OF DIRECTORS VIII. APPOINTMENT OF AUDITOR prcd IX OTHER MATTERS X. ADJOURNMENT