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March 20, 2000PSE CIRCULAR FOR BROKERS NO. 702-00March 17, 2000PHILIPPINE STOCK EXCHANGE, INC.PSE Centre, Exchange RoadOrtigas Center, Pasig CityAttention: Ms. Maria Isabel T. GarciaHead, Listing DepartmentGentlemen :Please be informed that the Board of Directors of Filinvest Land, Incorporated (the "Corporation") has set March 31, 2000 as the record date of its Annual Meeting of Stockholders which, under the by-laws, is set on the second Friday of May or on May 12, 2000. Very truly yours,(SGD.) ATTY. DANTE T. RAMOSCorporate Secretary