Swift Foods, Inc.

March 15, 2000 PSE CIRCULAR FOR BROKERS NO. 671-00 SUBJECT : Swift Foods, Inc. Additional Listing The Exchange approved on June 24, 1998, the application submitted by SWIFT FOODS, INC. to list the following: 1. 100,327,687 convertible preferred shares, with a par value of P1.00 per share, to cover the 1:8 pre-emptive rights offering to stockholders of record as of July 15,1998, at an offer price of P10.00 per share; 2. 50,163,844 convertible preferred shares, with a par value of P1.00 per share, to cover the Greenshoe Option Shares granted to stockholders of record as of July 15, 1998, at an offer price of P10.00 per share; and 3. 1,504,915,310 common shares, with a par value of P1.00 per share, to cover the underlying shares of the convertible preferred shares. The actual listing and trading of the 1,504,915,310 common shares representing the underlying shares of the convertible preferred shares shall be effected upon exercise of the conversion rights by the preferred shareholders. In view thereof, the listing of the 150,491,531 convertible preferred shares is set for Friday, March 17, 2000. The stock trading symbol of the preferred shares of SWIFT FOODS, INC. is "SFIP" The designated stock transfer agent is hereby authorized to record and register in its books the above number of shares. For your information and guidance. (SGD.) MARIA ISABEL T. GARCIA OIC, Listings & Disclosure Group