PSE Circular for Brokers No. 1152-99

May 21, 1999 PSE CIRCULAR FOR BROKERS NO. 1152-99 May 15, 1999 Philippine Stock Exchange, Inc . PSE Center, Exchange Road Ortigas, Pasig City Metro Manila Attention: Disclosure Department Listings and Disclosure Group NOTICE OF ANNUAL STOCKHOLDERS' MEETING Gentlemen : Notice is hereby given that the 1999 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 4,1999 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 1998 Annual Stockholders' Meeting 6. Financial Report 7. Ratification of Annual Reports and all acts of the Board for the last fiscal year. 8. Election of New Members of the Board of Directors 9. Other Business 10. Adjournment The Board of Directors has fixed the closed of business on May 14, 1999 as the record date for the determination of stockholders entitled to notice and to vote at said annual meeting. prLL (SGD.) MAMERTO Z. MONDRAGON Corporate Secretary