Manila Jockey Club, Inc.

April 15, 1999 PSE CIRCULAR FOR BROKERS NO. 755-99 SUBJECT : Manila Jockey Club , Inc . Manila Jockey Club, Inc. ("MJC") furnished the Exchange a copy of its SEC Form 34-C (Definitive Information Statement), including its 1998 Audited Financial Statements, in connection with its Annual Stockholders' Meeting which will be held on April 30, 1999 , at 9:00 A.M. at the Turf Room of the Manila Jockey Club, Inc., 2000 Felix Huertas Street, Sta. Cruz, Manila. The agenda for the meeting shall be as follows: 1. Quorum and Call to order. 2. Approval of the Minutes of the Stockholders Meeting held on April 29, 1998 and February 26, 1999. 3. President's Report. 4. Ratification of past acts of the Board and Management. 5. Election of Directors. 6. Appointment of External Auditor. 7. Other Matters. 8. Adjournment. Stockholder of record as of March 30, 1999 are entitled to notice of, and to vote at, said meeting and any adjournment thereof. A copy of MJC's Definitive Information Statement, together with its 1998 Audited Financial Statements, 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