PSE Circular for Brokers No. 672-00

March 16, 2000 PSE CIRCULAR FOR BROKERS NO. 672-00 March 15, 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 : Swift Foods, Inc. will hold its annual stockholders' meeting on 12 April 2000 at 2:00 P.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. The agenda of the meeting is attached as Annex "A" Thank you. Very truly yours, (SGD.) ATTY. CRISTINA D. REYES Corporate Secretary NOTICE OF ANNUAL MEETING NOTICE IS HEREBY GIVEN that the Annual Meeting of Stockholders of SWIFT FOODS, INC. will be held at the Auditorium, RFM Corporate Centre, Pioneer corner Sheridan Streets, Mandaluyong City on 12 April 2000 at 2:00 P.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 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 DcITaC VII. ELECTION OF DIRECTORS VIII. APPOINTMENT OF AUDITOR IX. OTHER MATTERS X. ADJOURNMENT