Jollibee Foods Corporation

April 16, 1999 PSE CIRCULAR FOR BROKERS NO. 769-99 SUBJECT : Jollibee Foods Corporation Further to Circular No. 523-99 dated March 18, 1999, Jollibee Foods Corporation ("JFC") furnished the Exchange a copy of its SEC Form 34-C (Definitive Information Statement), with the 1998 Annual Report, in connection with its Annual Stockholder's Meeting which will be held on May 10, 1999 , at 2:30 p.m., at the Kalayaan Hall, Club Filipino, Greenhills, San Juan Metro Manila. As previously announced, stockholders of record as of March 18, 1999 are entitled to notice of, and to vote, at, said meeting. A copy of JFC's Definitive Information Statement, including its 1998 Annual Report, 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