La Tondeña Distillers, Inc.

April 16, 1999 PSE CIRCULAR FOR BROKERS NO. 770-99 SUBJECT : La Tondea Distillers , Inc . Further to Circular No. 155-99 dated January 28, 1999, La Tondea Distillers, Inc. ("LTD") furnished the Exchange a copy of its SEC Form 34-C (Definitive Information Statement), with the 1998 Annual Report, in connection with its Annual Stockholders' Meeting which will be held on May 3 , 1999 , at 2:00 p.m., at the Garden Ballroom, EDSA Shangri-La Hotel, 1 Garden Way, Ortigas Center, Mandaluyong City. The agenda for the meeting shall be as follows: 1. Certification of Notice and Quorum 2. Approval of the Minutes of the Regular Stockholders' Meeting held on April 13, 1998 and Minutes of the Special Stockholders' Meeting held on July 16, 1998 3. Presentation of Annual Report 4. Ratification of Acts and Proceedings of the Board of Directors and Corporate Officers 5. Amendment of Articles Seventh and Twelfth of the Articles of Incorporation 6. Appointment of External Auditors 7. Election of Board of Directors 8. Other Business As previously announced, stockholders of record as of April 8 , 1999 are entitled to notice of, and to vote, at, said meeting. A copy of LTD's Definitive Information Statement, including its 1998 Annual Report, is available for reference at the PSE Library and PSE-Plaza Administration Office. LLpr For your information. (SGD.) JOSE LUIS U. YULO, JR. President and CEO