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NOTICE OF GUARANTEED DELIVERY FOR
PHILIPP BROTHERS CHEMICALS, INC.
This form or one substantially equivalent hereto must be used to
accept the Exchange Offer of Philipp Brothers Chemicals, Inc. (the "Company")
made pursuant to the Prospectus, dated _______ __, 1998 (the "Prospectus"), if
certificates for the outstanding 9 7/8% Senior Subordinated Notes due 2008 of
the Company (the "Old Notes") are not immediately available or if the procedure
for book-entry transfer cannot be completed on a timely basis or time will not
permit all required documents to reach The Chase Manhattan Bank, as exchange
agent (the "Exchange Agent") prior to 5:00 p.m., New York City time, on the
Expiration Date of the Exchange Offer. Such form may be delivered or
transmitted by facsimile transmission, mail or hand delivery to the Exchange
Agent as set forth below. In addition, in order to utilize the guaranteed
delivery procedure to tender Old Notes pursuant to the Exchange Offer, a
completed, signed and dated Letter of Transmittal (or facsimile thereof) must
also be received by the Exchange Agent prior to 5:00 p.m., New York City time,
on the Expiration Date. Capitalized terms not defined herein are defined in the
Prospectus.
Delivery To: The Chase Manhattan Bank, Exchange Agent
By Mail or Hand Delivery:
The Chase Manhattan Bank
Global Trust Services
450 West 33rd Street, 15th Floor
New York, New York 10001-2697
Attention: Mr. Sheik Wiltshire
By Facsimile Transmission:
(for Eligible Institutions only)
(212) 946-8161
Attention: Mr. Sheik Wiltshire
Confirm by Telephone:
(212) 946-3082
Delivery of this instrument to an address other than as set forth
above, or transmission of instructions via facsimile other than as set forth
above, will not constitute a valid delivery.
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Ladies and Gentlemen:
Upon the terms and conditions set forth in the Prospectus and the
accompanying Letter of Transmittal, the undersigned hereby tenders to the
Company the principal amount of Old Notes set forth below pursuant to the
guaranteed delivery procedure described in "The Exchange Offer--Guaranteed
Delivery Procedures" section of the Prospectus.
All authority herein conferred or agreed to be conferred shall survive
the death or incapacity of the undersigned and every obligation of the
undersigned hereunder shall be binding upon the heirs, personal
representatives, successors and assigns of the undersigned.
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SIGNATURES
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Signature of Owner
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Signature of Owner (if more than one)
Dated: , 199
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Name(s):
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(Please Print)
Address:
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(Include Zip Code)
Area Code and
Telephone No.:
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Capacity (full title), if signing in a representative
capacity:
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Taxpayer Identification or Social Security No.:
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Principal Amount of Old Notes
Exchanged: $
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Certificate Nos. of Old Notes (if available)
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Total $
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IF OLD NOTES WILL BE DELIVERED BY BOOK-
ENTRY TRANSFER, PROVIDE THE DEPOSITORY
TRUST COMPANY ("DTC") ACCOUNT NO.:
Account No.
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GUARANTEE OF DELIVERY
(Not to be used for signature guarantee)
The undersigned, a financial institution (including most banks, savings
and loan associations and brokerage houses) that is a participant in the
Securities Transfer Agents Medallion Program, the New York Stock Exchange
Medallion Signature Program or the Stock Exchanges Medallion Program, hereby
guarantees that the certificates representing the principal amount of Old Notes
tendered hereby in proper form for transfer, or timely confirmation of the
book-entry transfer of such Old Notes into the Exchange Agent's account at The
Depository Trust Company pursuant to the procedures set forth in "The Exchange
Offer -- Guaranteed Delivery Procedures" section of the Prospectus, together
with any required signature guarantee and any other documents required by the
Letter of Transmittal, will be received by the Exchange Agent at the address
set forth above, no later than three New York Stock Exchange trading days after
the Expiration Date.
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Name of Firm Authorized Signature
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Number and Street or P.O. Box Title
Name:
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City State Zip Code (Please Type or Print)
Tel. No. Date:
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NOTE: DO NOT SEND CERTIFICATES FOR OLD NOTES WITH THIS FORM. CERTIFICATES FOR
OLD NOTES SHOULD BE SENT ONLY WITH A COPY OF YOUR PREVIOUSLY EXECUTED LETTER OF
TRANSMITTAL.
