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Fil-Estate Land, Inc.

PSE Circular for Brokers No. 694-99 • Philippine Stock Exchange • Circulars for Brokers • Apr 7, 1999

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April 7, 1999 PSE CIRCULAR FOR BROKERS NO. 694-99 SUBJECT : Fil-Estate Land, Inc . As of date hereof, Fil-Estate Land, Inc. ("LND") is not in compliance with the structured reportorial requirements of the Exchange for failure to submit its Annual Report using SEC Form 11-A for the fiscal year ended September 30, 1998. The Exchange, upon recommendation of the Listing Committee and approval by the Board of Governors, shall consider implementing a trading halt on the shares of LND on April 19, 1999 pending compliance with the structured reportorial requirements of the Exchange. cdlex For your information. (SGD.) JOSE LUIS U. YULO, JR. President and CEO

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