Central Azucarera De Tarlac

January 14, 1999 PSE CIRCULAR FOR BROKERS NO. 070-99 SUBJECT : Central Azucarera De Tarlac January 15, 1999 Central Azucarera de Tarlac ("CAT") furnished the Exchange a copy of its SEC Form 34-C (Definitive Information Statement) in connection with its Annual Stockholders' Meeting which will be held on January 26, 1999 , at 4:00 p.m., at the Alto Pavilion, San Miguel, Tarlac City. The agenda for the meeting shall be as follows: 1. Call to Order 2. Proof of Notice of Meeting 3. Certification of Quorum 4. Reading and Approval of the Minutes of the Annual Meeting of Stockholders held on January 27, 1998 5. Annual Report of the President for the Fiscal Year 1997-1998 6. Ratification and Confirmation of all Acts and Proceedings of the Board of Directors and Officers since the last Annual Meeting of the Stockholders 7. Election of Directors for 1999 8. Appointment of External Auditors for 1999 9. Such other matters as may properly come before the meeting 10. Adjournment For purposes of said meeting, the register of shares and the transfer books of the corporation shall be closed during the five (5) days next preceding the annual meeting as provided for in its By-Laws. A copy of CAT's Definitive Information Statement is available for reference at the PSE Library and PSE-Plaza Administration Office. For your information. (SGD.) JOSE LUIS U. YULO, JR. President and CEO