Notice of Regular Annual-Meeting

June 4, 1998 PSE CIRCULAR FOR BROKERS NO. 1240-98 NOTICE OF REGULAR ANNUAL-MEETING NOTICE IS HEREBY GIVEN that the regular annual meeting of the stockholders of Dharmala Philippines, Inc. will be held at the Dusit Hotel Nikko on Tuesday, June 30, 1998 at 10:00 a.m. The agenda for the meeting shall be as follows: 1. Call to Order ; 2. Certification by the Corporate Secretary on the sending of notices and existence of Quorum ; 3. Reading and Approval of the minutes of the last annual meeting of the stockholders ; 4. Report of the President ; 5. Consideration and approval of Financial Statements for the preceding year ; 6. Ratification of actions taken by the Board of Directors and Officers of the Corporation since the last annual meeting of the stockholders ; 7. Election of Directors ; 8. Other Matters ; 9. Adjournment . Registration starts at 9:30 a.m. Only stockholders of record as of May 31, 1998 are entitled to and be voted during the meeting. Makati City, Metro Manila, May 25, 1998. (SGD.) HELEN C. DE LEON-MANZANO Corporate Secretary