Imperial Resources, Inc.

April 21, 1999 PSE CIRCULAR FOR BROKERS NO. 821-99 SUBJECT : Imperial Resources, Inc . Further to Circular No. 794-99 dated April 19, 1999, Imperial Resources, Inc.("IMP") furnished the Exchange a copy of its SEC Form 34-C (Definitive Information Statement) in connection with its Annual Stockholders' Meeting which will be held on May 5, 1999 , at 2:30 p.m., at the 2nd Floor, East Room, Manila Golf & Country Club, Inc., Harvard Road, Forbes Park, Makati City. The meeting is being held for the following purposes: 1. Secretary's Proof of Notice of Meeting 2. Quorum 3. Approval of the Minutes of the Regular Annual Stockholders' Meeting Held on April 21, 1998 4. Annual Report as at December 31, 1998 a. President's Report b. Financial Statements 5. Approved by the Stockholders of the Annual Report and the Financial Statements of the Corporation 6. Nomination and election of seven (7) directors 7. Ratification of all acts, contracts and proceedings of the Board of Directors and Corporate Officers, acting within the scope of their designated authority since the 1998 Annual Stockholders' Meeting cdll 8. Other Matters 9. Adjournment As previously announced, stockholders of record as of April 5, 1999 are entitled to notice of, and to vote, at, said meeting. A copy of IMP's Definitive Information Statement 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