PSE Circular for Brokers No. 735-99

April 13, 1999 PSE CIRCULAR FOR BROKERS NO. 735-99 NOTICE OF DELINQUENCY AND SALE April 7, 1999 Notice is hereby given that a total of 397,717 shares of stock of JG SUMMIT HOLDINGS, INC. (the "Corporation") described hereafter is delinquent for non-payment of the unpaid subscription thereon due and payable on January 19, 1999. aisadc Now therefore, the delinquent shares of stock belonging to the respective stockholders as set forth below will be sold by way of public auction to be held at the 27/F Conference Room, Galleria Corporate Center, EDSA cor. Ortigas Ave. Quezon City, Metro Manila on April 19, 1999 at 4:00 P.M. in accordance with law to such bidder who shall offer to pay the full amount of the balance on the subscription together with accrued interest at the legal rate of 6% of such balance computed from the payment due date up to the date of sale, costs of advertisement and expenses of sale for the smallest number of shares or fraction of a share unless the delinquent stockholders pay to the Corporation, on or before the date specified for the sale of the delinquent stock, the balance due on their subscription, plus accrued interest, costs of advertisement and expenses of sale: Name of Stockholders No. of Shares Amount Dues Accrued interest 1. Citibank N.A. Manila OBO 0141200188 13,250 P19,875.00 P298.13 2. Citibank N.A. Manila OBO 0141209350 253,192 P379,788.00 P5,696.82 3. Citibank N.A. Manila OBO 6001310041 68,875 P103,312.50 P1,549.69 4. Deutsche Bank AG Manila 25 P37.50 P0.56 5. Hongkong Bank OBO A/C 597716/550 62.,375 P93,562.50 P1,403.44 Total 397,717 P596,575.50 8,948.64 Metro Manila, Philippines, April 7, 1999. By Authority of the Chairman: (SGD.) EMMANUEL C. ROJAS, JR. Corporate Secretary