PSE Circular for Brokers No. 1076-98

May 15, 1998 PSE CIRCULAR FOR BROKERS NO. 1076-98 Philippine Stock Exchange, Inc. 4/F Philippine Stock Exchange Center PSE Center, Exchange Road Ortigas Center, Pasig City Attention: Disclosure Department Listings and Disclosure Group Gentlemen : Notice is hereby given that the 1998 Annual Meeting of stockholders of MATSUSHITA ELECTRIC PHILIPPINES CORPORATION will be held at Human Development Center, Matsushita Electric Philippines Corporation, Bo. Mapandan, Ortigas Avenue Extension, Taytay, Rizal on June 5, 1998 at 5:00 P.M. The Agenda of the meeting is set forth below: 1. National Anthem 2. Call to Order 3. Establishment of the Quorum 4. President's Annual Report 5. Approval of Minutes of 1997 Annual Stockholders' Meeting 6. Financial Report 7. Ratification of Annual Reports and all acts of the Board for the last fiscal year 8. Ratification of Board Resolution declaring 10% stock dividends 9. Election of New Members of the Board of Directors 10. Other Business 11. Adjournment The Board of Directors has fixed the close of business on May 15, 1998 as the record date for the determination of stockholders entitled to notice and to vote at said annual meeting. (SGD.) MAMERTO Z. MONDRAGON Corporate Secretary