Mabuhay Vinyl Corporation

March 14, 2000 PSE CIRCULAR FOR BROKERS NO. 657-00 SUBJECT : Mabuhay Vinyl Corporation Further to Circular for Brokers No. 481-2000 dated February 28, 2000, Mabuhay Vinyl Corporation ("MVC") 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 April 27, 2000, at 3:00 p.m. at the Makati Sports Club, L.P. Leviste Street, Salcedo Village, Makati City. The agenda for the meeting shall be as follows: 1. Call to order 2. Proof of notice 3. Certification of quorum 4. Reading and approval of the Minutes of the Annual Stockholders' Meeting on 29 April 1999 5. Ratification of corporate acts of the Board of Directors, and Officers for the period under review 6. President's Report 7. Approval of the 1999 Annual Report and 1999 Audited Financial Statements 8. Election of Directors for the year 2000-2001 9. Appointment of External Auditor 10. Other Matters As previously announced, only stockholders of record as of March 28, 2000 are entitled to notice of, and to vote at, said meeting. A copy of MVC's Preliminary Information Statement is available for reference at the PSE Centre and PSE-Plaza Libraries. For your information. (SGD.) MARIA ISABEL T. GARCIA OIC, Listings & Disclosure Group