Interphil Laboratories, Inc.

April 15, 1999 PSE CIRCULAR FOR BROKERS NO. 754-99 SUBJECT : Interphil Laboratories, Inc . Further to Circular for Brokers No. 683-99 dated April 7, 1999 Interphil Laboratories, Inc. ("ILI") furnished the Exchange a copy of its SEC Form 34-C (Preliminary Information Statement) in connection with its Annual Stockholders' Meeting which will be held on May 12, 1999 , at 3:00 P.M. at the Makati Sports Club, Salcedo Village, Makati City. The agenda for the meeting shall be as follows: 1. Call to order; 2. Certification by the Corporate Secretary on the sending of notices and existence of a quorum; 3. Reading and Approval of Minutes of the last Annual Stockholders' Meeting; 4. Report of the President; 5. Approval of the Financial Statements for the fiscal year ended December 31, 1998; 6. Ratification of actions taken by the Board of Directors and Officers of the Corporation since the last annual meeting of the stockholders; 7. Election of Directors; 8. Appointment of External Auditors; 9. Transactions of such other matters as may properly come before the meeting; 10. Other Matters; 11. Adjournment. As previously announced, stockholders of record as of March 25, 1999 are entitled to notice of, and to vote at, said meeting. LLpr A copy of ILI's Preliminary Information Statement is available for reference at the PSE Library and PSE-Plaza Administration Office. For your information. Very truly yours, (SGD.) JOSE LUIS U. YULO, JR. President and CEO