Interphil Laboratories, Inc.

May 6, 1998 PSE CIRCULAR FOR BROKERS NO. 955-98 SUBJECT : Interphil Laboratories, Inc . Further to Circular No. 510-98 dated March 27, 1998, Interphil Laboratories, Inc. ("ILI") furnished the Exchange on May 4, 1998 a copy of SEC Form 34-C (Definitive Information Statement) in connection with its Annual Stockholders' Meeting which will be held on May 27, 1998 , at 3:00 p.m., at the Ayala Room, Makati Sports Club, Salcedo Village, Makati City. cdlex The agenda for the meeting shall be as follows: 1. Call to Order 2. Certification by the Corporate Secretary on the sending of notices and the existence of a quorum 3. Reading and Approval of minutes of the last Annual Stockholders' Meeting 4. Report of the President 5. Approval of the Financial Statements for the fiscal year ended December 31, 1997 6. Ratification of actions taken by the Board of Directors and Officers of the Corporation signed the last annual meeting of the stockholders 7. Election of Directors 8. Appointment of External Auditors cda 9. Transaction of such other matters as may properly come before the meeting 10. Other matters Approval of the amendment of the amended and restated Deed of Joint Mortgage 11. Adjournment. As previously announced, stockholders of record as of April 13, 1998 are entitled to notice of, and to vote at, said meeting. A copy of ILI's SEC Form 34-C is available for reference at the PSE Library and PSE-Plaza Administration Office. For your information. (SGD.) REYNOLD P. ONG Vice-President, Listings and Disclosure Group