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Postponement of Annual Stockholders' Meeting

PSE Circular for Brokers No. 1061-98 • Philippine Stock Exchange • Circulars for Brokers • May 18, 1998

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May 18, 1998 PSE CIRCULAR FOR BROKERS NO. 1061-98 IN ADVANCE BY FACSIMILE PHILIPPINE STOCK EXCHANGE, INC. 4/F Philippine Stock Exchange Centre Exchange Road, Ortigas Center Pasig City Attention: Listings and Disclosures Group RE : Postponement of Annual Stockholders' Meeting Gentlemen : Please be informed of the postponement of our annual stockholders' meeting this year from last Friday of May, as required under our By-Laws, to July 9, 1998 , to enable us to have ample time within which to prepare for the meeting including the drafting of the required Information/Proxy Statement. The time and venue of the meeting shall be disclosed as soon as the same are fixed. June 01, 1998 has been fixed as the record date for purposes of determining the shareholders entitled to notice of and vote at the July 9, 1998 meeting. Very truly yours, (SGD.) MA. LOUISA M. GONZALES Assistant Corporate Secretary

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