PSE Circular for Brokers No. 989-99

May 6, 1999 PSE CIRCULAR FOR BROKERS NO. 989-99 23 April 1999 THE SECURITIES AND EXCHANGE COMMISSION SEC Building, EDSA, Mandaluyong City SUBJECT : Abacus Consolidated Resources and Holdings, Inc. Stockholders' Meeting Sec Reg. No. 98780 Gentlemen : Please be advised that the Annual Stockholders' Meeting of the Abacus Consolidated Resources and Holdings, Inc. ("Abacus" or "Company" for brevity) has been rescheduled to June 28, 1999 at 9:00 a.m. to be held at the Ylang-Ylang Room, Club Filipino, Eisenhower Street corner McKinley Street, Greenhills, San Juan, Metro Manila upon the request of the Company's directors representing a majority of the stockholders. LLpr The re-scheduling of the Annual Stockholders' Meeting of Abacus has to be made to provide the members of the Board of Directors and stockholders sufficient time to review, evaluate and formulate the policies of the Company and to afford the Management reasonable time-frame to finalize the printing and circularization of the Company's Financial Statements and proxies needed during the Stockholders' Meeting. Your favorable action on the foregoing request will be highly appreciated. Thank you. Very truly yours, ABACUS CONSOLIDATED RESOURCES AND HOLDINGS, INC. By: (SGD.) LEONARDO S. GAYAO Corporate Secretary