La Tondeña Distillers, Inc.

March 16, 2000 PSE CIRCULAR FOR BROKERS NO. 677-00 SUBJECT : La Tondea Distillers, Inc . Further to Circular for Brokers No. 178-2000 dated January 27, 2000, La Tondea Distillers, Inc. ("LTDI") furnished the Exchange a copy of its SEC Form 34-C (Definitive Information Statement) including its 1999 Annual Report, in connection with its Annual Stockholders' Meeting which will be held on April 4, 2000 , at 2:00 p.m., at the Isla Ballroom 1 & 2, EDSA Shangri-La Hotel, 1 Garden Way, Ortigas Center, Mandaluyong City. The agenda for the meeting shall be as follows: 1. Certification of Notice and Quorum 2. Approval of the Minutes of the Regular Stockholders' Meeting held on May 3, 1999 3. Presentation of Annual Report 4. Ratification of Acts and Proceedings of the Board of Directors and Corporate Officers 5. Appointment of External Auditors 6. Election of Board of Directors 7. Other Business As previously announced, stockholders of record as of February 15, 2000 are entitled to notice of, and to vote at, said meeting. A copy of LTDI's Definitive Information Statement, including its 1999 Annual Report is available for reference at the PSE Centre and PSE-Plaza Libraries. For your information. (SGD.) MARIA ISABEL T. GARCIA OIC, Listings and Disclosure Group