PSE Circular for Brokers No. 1007-98

May 12, 1998 PSE CIRCULAR FOR BROKERS NO. 1007-98 May 8, 1998 THE PHILIPPINE STOCK EXCHANGE, INC. Philippine Stock Exchange Centre Exchange Road, Ortigas Center Pasig City Attention: Compliance & Surveillance Dept . Gentlemen : Please be informed that Security Bank Corporation will hold its annual stockholders' meeting on May 26, 1999, at 3:00 p.m. at the Auditorium, 21st Floor Security Bank Centre, 6776 Ayala Avenue, Makati City. The agenda for the meeting is as follows: 1. Call to order. 2. Proof of due notice of meeting and determination of a quorum. 3. Approval of minutes of the annual stockholders' meeting held on April 29, 1997. 4. Annual Report and ratification of acts of the Board of Directors, Executive Committee and Officers. 5. Election of Directors. 6. Increase in the authorized capital stock of the Bank from P4.5 Billion to P6.0 Billion. 7. Amendment of Article Seventh of the Articles of Incorporation to reflect the increase in the authorized capital stock. 8. Declaration of stock dividend. 9. Appointment of external auditors. 10. Other Matters. 11. Adjournment. Very truly yours, (SGD.) LOURDES L. CRISOSTOMO Assistant Corporate Secretary