PSE Circular for Brokers No. 889-99

April 27, 1999 PSE CIRCULAR FOR BROKERS NO. 889-99 April 26, 1999 PHILIPPINE STOCK EXCHANGE 4/F Philippine Stock Exchange Center PSE Center, Exchange Road, Ortigas Center, Pasig City Metro Manila Attention: Ms . Grace De Guia Listings and Disclosure Group Gentlemen : We disclose that the Annual Meeting of Stockholders of MRC Allied Industries, Inc has been postponed until such time that the financial statements of the Corporation as of 31 December 1999 are finally completed. Please find attached a copy of the Affidavit of Postponement of Annual Stockholders' Meeting dated 26 April 1999. Very truly yours, (SGD.) MARTIN ANTONIO A. LACDAO Authorized Representative AFFIDAVIT OF POSTPONEMENT OF ANNUAL STOCKHOLDERS' MEETING I, JENNIFER SIMON , of legal age, Filipino, and with office address at 15/F Plantersbank Building, Sen. Gil J. Puyat Avenue, Makati City, Metro Manila after being duly sworn in accordance with law hereby depose and state that: 1. I am the Assistant Corporate Secretary of MRC Allied Industries, Inc. (the "Corporation"), a corporation organized and existing under the laws of the Republic of the Philippines, with address at 15/F Plantersbank Building, Sen. Gil J. Puyat Avenue, Makati City, Metro Manila. 2. Upon Instruction of the Chairman, the Annual Stockholders' Meeting of the Corporation, which had been earlier set for Monday, 10 May 1999, is postponed until such time that the financial statements of the Corporation as of 31 December 1999 are finally completed. LexLib 3. I am executing this affidavit in compliance with SEC Memorandum Circular No. 96-5 and for whatever legal purpose it may serve. (SGD.) JENNIFER SIMON Assistant Corporate Secretary SUBSCRIBED AND SWORN TO before me this 26th day of April 1999, affiant exhibited to me her Community Tax Certificate No. 32645 issued at MAKATI on MARCH 11, 1999. (SGD.) SIMEON T. ASIA JR. Notary Public Doc. No. 295 Page No. 58 Book No. XXI Series of 1999