A Brown Company, Inc.

April 22, 1999 PSE CIRCULAR FOR BROKERS NO. 832-99 SUBJECT : A Brown Company, Inc . Further to Circular No. 715-99 dated April 12, 1999, A Brown Co., Inc. ("BRN") furnished the Exchange a copy of its SEC Form 3-C (Definitive Information Statement) in connection with its Special Stockholders' Meeting which will be held on May 11, 1999 , at 2:30 p.m., at the Valley Golf Club, Inc., Antipolo City. The meeting is being held for the following purposes: 1. Call to Order 2. Certification of notice and quorum 3. Approval of the proposed merger of A. Brown Co., Inc. and its wholly-owned subsidiaries, namely: a. A. Brown Chemical Corporation b. Geoex Farms, Inc. c. East Pacific Investors Corporation d. Terra Asia Pacific Development Managers, Inc. e. Victorsons Trans Cargo Systems, Inc. 4. Amendment of Article Three of the Articles of Incorporation to change the location of the principal office to Tanay, Rizal and 5. Adjournment As previously announced, stockholders of record as of February 28, 1999 are entitled to notice of, and to vote, at, said meeting. A copy of BRN'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