Toll Free: (888) 441-1132 E-mail: fenway1@telus.net Trading Symbol: (FWIN) OTC-BB

MARCH 24, 1999

EXCLUSIVITY AGREEMENT SIGNED

NEWPORT BEACH, CA. MARCH 24, 1999 - FENWAY INTERNATIONAL, INC. (FWIN-OTC BB)

Fenway International Inc., Marsson Industrial Corporation and B&B Holdings (Phils). Inc. signed an Exclusivity Agreement March 23, 1999. The purpose of the Agreement is to engage Marsson Industrial Corporation or their German parent company Krupp-Polysius for the supply of all cement manufacturing equipment, as well as quarry, port and power equipment. B&B Holdings (Phils), Inc. or their German parent company Bilfinger and Berger Bauaktiengesellschaft are likewise engaged to conduct engineering design and construction of Fenway's Philippine Cement Projects.

Fenway is to receive funding support and assistance from Marsson's (Krupp-Polysius) and B&B (Bilfinger and Berger) for the 2,500,000 tonne per year Palawan Cement Project and the 1,500,000 tonne per year Negros Oriental Cement Project. Fenway holds a 90% equity interest in each Project. Capital cost estimates to achieve cement production in year 2002 are:

	Negros Oriental	Palawan
Cement Production tonnes per year	1,500,000	2,500,000
Total Capital Costs	US$ 260,000,000	US$ 380,000,000
Funding Source
Approx. Export Credit	115,000,000	175,000,000
Approx. loan	80,000,000	100,000,000
Fenway Equity	75,000,000	105,000,000

For more information contact:
The Hawke Group, Inc. at (954) 564-7114; Fax: (954) 564-9848;
E-mail: info@hawkenews.com or visit their website at www.hawkegroup.com.

If you would like to contact the company directly, please call Fenway International at (888) 441-1132 or fax: (604) 844-2267

Certain statements to this Corporate Update constitute "forward looking" statements within the meaning of section 21E of the U.S. Securities Exchange Act of 1934. Such forward-looking statements involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

ON BEHALF OF THE BOARD

"H. John Wilson"
  H. John Wilson
President

The NASD and other regulatory bodies have neither approved nor disapproved the information disclosed herein.