Steniel Manufacturing Corporation

April 16, 1999 PSE CIRCULAR FOR BROKERS NO. 772-99 SUBJECT : Steniel Manufacturing Corporation Further to Circular No. 471-99 dated March 15, 1999, Steniel Manufacturing Corporation ("STN") furnished the Exchange a copy of its SEC Form 34-C (Definitive Information Statement), together with the 1998 Annual Report, in connection with its Annual Stockholders' Meeting which will be held on April 27, 1999 , at 2:00 p.m., at the Gentri Eagle Country Club, Javalera, General Trias, Cavite. The meeting shall be held for the following purposes: 1. To consider and adopt the Audited Financial Statements for the year ended 31 December 1998 contained in the Annual Report 2. To elect the Directors of the Company for the ensuing year 3. To consider and act upon the appointment of independent auditors LexLib 4. To consider and act upon the resolutions of the Board of Directors approving the amendment to Article Third of the Amended Articles of Incorporation changing the principal office from Cavite City to General Trias, Cavite 5. To transact such other business as may properly come before the meeting and any adjournment thereof As previously announced, stockholders of record as of March 26, 1999 are entitled to notice of, and to vote, at, said meeting. A copy of STN's Definitive Information Statement, including the 1998 Annual Report, is available for reference at the PSE Library and PSE-Plaza Administration Office. cdll For your information. (SGD.) JOSE LUIS U. YULO, JR. President and CEO