PSE Circular for Brokers No. 115-99

January 25, 1999 PSE CIRCULAR FOR BROKERS NO. 115-99 NOTICE OF ANNUAL MEETING OF STOCKHOLDERS NOTICE is hereby given that the Annual Meeting of Stockholders of CENTRAL AZUCARERA DON PEDRO , will be held on Wednesday, 27 January 1999, at 9:30 o'clock a.m. at the Rigodon Ballroom, The Peninsula Manila Hotel, Makati City. The Agenda of the meeting is, as follows: (1) Review and approval of the Minutes of the Annual Meeting of Stockholders held on 4 February 1998; (2) Presentation and approval of the Annual Report of the Management for the year ended 31 August 1998; (3) Ratification of all acts and resolutions of the Board of Directors and Management for the period ended 26 January 1999; (4) Election of Directors for the ensuing Crop Year; (5) Appointment of External Auditors; (6) Transaction of such other business as may properly come before the meeting; and (7) Adjournment. The Board of Directors has fixed 31 December 1998 s the record days for determining the stockholders entitled to notice of and vote at the Annual Stockholders' Meeting. Accordingly, only stockholders of record as of 31 December 1999 shall be entitled to notice and vote at the meeting. By Order of the Board of Directors (SGD.)FLORENCIO M. MAMAUAG, JR. Assistant Corporate Secretary