Postponement of Stockholders' Meeting and Fixing of Record Date

April 22, 1999 PSE CIRCULAR FOR BROKERS NO. 839-99 April 21, 1999 PHILIPPINE STOCK EXCHANGE Disclosure Department PSE Center Exchange Road Ortigas Center, Pasig City Fax No. 636-0809 Attention: Head Disclosure Department SUBJECT : Postponement of Stockholders' Meeting and Fixing of Record Date Gentlemen : Please be advised that the Board of Directors of Euro-Med Laboratories Phil. Inc., at its regular meeting held on April 21, 1999 at 4:30 p.m. in which a quorum was present throughout unanimously approved the postponement of the Stockholders' Meeting scheduled on May 19, 1999 as per Corporation's By-Laws, to July 21, 1999 at 10:00 A.M. at a venue to be advised at a later date, to enable the Corporation to comply with the various SEC and PSE requirements an the holding of Shareholders' Meeting. The board has also fixed June 30, 1999 as the record date of stockholders entitled to notice and to vote in the said meeting. LLpr Very Truly Yours, (SGD.) RONNIE G. RAGONTON Corporate Secretary