Belle Corporation

April 27, 1998 PSE CIRCULAR FOR BROKERS NO. 819-98 April 22, 1998 PHILIPPINE STOCK EXCHANGE 12/F Tektite Tower 1 Tektite Road, Ortigas Ave. Pasig, Metro Manila RE : Belle Corporation Gentlemen : Enclosed is/are copies of "Affidavit of Loss" executed by the following stockholders: Stockholder Cit. S/A # No. of shares RUBEN G. GARCIA Fil. 940930 3,333 AFP RET. & SEP. BENEFIT SYSTEM Fil. 941983 1,239,335 AFP RET. & SEP. BENEFIT SYSTEM Fil. 940673 166,666 If within ten (10) trading days from receipt thereof you have not interpose any objection on our part to issue as replacement of new subscription agreement/deed of assignment, we shall within our disposition to issue the above mentioned stockholders the appertaining replacement subscription agreement/deed of assignment. cdt Very truly yours, PROFESSIONAL STOCK TRANSFER, INC. By: (SGD.) LEONOR M. ROBLES VP-Operations REPUBLIC OF THE PHILIPPINES) CITY OF QUEZON ) S.S. AFFIDAVIT I, RUBEN G . GARCIA , of legal age with address at No. 38 Jacinto St., Katarungan Mutual Homes, Antipolo, Rizal, after being duly sworn in accordance with law, do hereby depose and state: 1. THAT I am a stockholder of BELLE CORPORATION, with office address at 28/F East Tower, Philippine Stock Exchange Center, Exchange Road, Ortigas Center, Pasig City. 2. THAT I am a subscriber of BELLE CORPORATION STOCK RIGHTS, identified as follows: Subs Agreement No. No. of Shares Amt Paid Date Paid 940930 3,333 shares P1,666.50 10/28/94 3. THAT the above identified Subscription Agreement Form's Subscribers' Copy had been delivered to my office address at AFP RSBS, Camp Aguinaldo, Quezon City but is not in my possession up to this date; cdlex 4. THAT notwithstanding diligent efforts in locating the abovementioned subscription agreement form, the same could no longer be found and recovered; 5. THAT I am executing this AFFIDAVIT to attest to the truth of the foregoing facts and for whatever legal purpose it may serve. IN WITNESS WHEREOF, I have hereunto set my hands this 20th day of April 1998 in the City of Quezon, Philippines. (SGD.) RUBEN G. GARCIA Affiant SUBSCRIBED AND SWORN TO before me this 21st day of April 1998, affiant exhibiting to me his Community Certificate No. 06349292 issued on January 30, 1998 at Quezon City. Doc. No. 498 Page No. 103 Book No. XXIII REPUBLIC OF THE PHILIPPINES) CITY OF QUEZON ) S.S. AFFIDAVIT I, PONCIANO C . BAUTISTA JR ., of legal age with office address at 424 Capinpin Ave. Camp Aguinaldo, Quezon City, after being duly sworn in accordance with law, do hereby depose and state: 1. THAT I am presently the Acting Department Head of the Finance Department of AFP Retirement and Separation Benefits System (AFPRSBS) Camp Aguinaldo, Quezon City. 2. THAT the AFPRSBS is a stockholder and subscriber of BELLE CORPORATION Stock Rights , identified as follows: Subscription Agreement # Amount Paid No. of Shares Official for 25% Call Receipt # Date #941930 1,239,335 P619,667.50 1267 10/28/94 #940673 166,666 83,333.00 1268 10/28/94 1,406,001 P703,000.50 ======= ========= 3. THAT the above identified Subscription Agreement Form's Subscribers' Copy have been delivered but are not in our possession up to this date; 4. THAT notwithstanding diligent efforts in locating the abovementioned subscription agreements, the same could no longer be found and recovered; 5. THAT I am executing this AFFIDAVIT to attest to the truth of the foregoing facts and for whatever legal purpose it may serve. cdll IN WITNESS WHEREOF, I have hereunto set my hands this 21st day of April 1998 in the City of Quezon, Philippines. (SGD.) PONCIANO C. BAUTISTA, JR. Affiant SUBSCRIBED AND SWORN TO before me this 21st day of April 1998, affiant exhibiting to me his Community Certificate No. 00008131 issued on March 16, 1998 at Manila. Doc. No. 499 Page No. 103 Book No. XXIII