Alsons Cement Corporation

April 12, 1999 PSE CIRCULAR FOR BROKERS NO. 720-99 SUBJECT : Alsons Cement Corporation Further to Circular No. 495-99 dated March 16, 1999, Alsons Cement Corporation ("ALC") furnished the Exchange a copy of its SEC Form 34-A (Definitive Proxy Statement) in connection with its Annual Stockholders' Meeting which will be held on April 23, 1999, at 2:00 p.m., at the Hotel Inter-Continental Manila, 1 Ayala Avenue, Makati City. The meeting is being held for the following purposes: 1. Approval of the Minutes of the Annual Meeting of Stockholders held on 26 May 1998. 2. Approval of Annual Report of the President and the Audited Financial Statement of the company as of 31 December 1998 3. Ratification of all acts, contracts, investment and resolutions of the Board of Directors and Management since the last annual meeting. LexLib 4. Election of the members of the Board of Directors 5. Appointment of External Auditors 6. Other matters as may properly come after 30 March 1999 and before 23 April 1999 As previously announced, stockholders of record as of March 29, 1999 are entitled to notice of, and to vote, at, said meeting. A copy of ALC's Definitive Proxy Statement is available for reference at the PSE Library and PSE-Plaza Administration Office. For your information. (SGD.) JOSE LUIS U. YULO, JR. President and CEO