Notice of Annual Stockholders Meeting

May 31, 1998 PSE CIRCULAR FOR BROKERS NO. 1323-98 Notice of Annual Stockholders Meeting Notice is hereby given that the Annual Meeting of the Stockholders of this Corporation usually held during the month of May per our By-Laws, has been postponed, and shall instead be held on Monday, June 29, 1998 at 2:30 p.m. at the Auditorium on the Ground Floor of the Philippine Stock Exchange Centre on Exchange Road, Ortigas Center, Pasig City, Metro Manila to consider the following agenda: 1. Certification of notice and quorum; 2. Reading and approval of the minutes of the June 27, 1997 meeting and action taken thereon; 3. Report of the Board of Directors; 4. Amendment of Article Third of the Articles of Incorporation to change the location of the principal office to Cainta Rizal; 5. Amendment of Section 1 of Article 1 of the By-Laws to change the month for holding the Annual Stockholders' Meeting to June; 6. Amendment of Article IV of the By-Laws to add a new Section creating an Executive Committee 7. Ratification of the acts, contracts, and deeds of the Directors and Officers; 8. Election of Directors for the ensuing year; 9. Selection of External Auditor; 10. Other matters; and 11. Adjournment Registration will start at 1:00 p.m., Please bring some form of identification, such as Driver's License Credit Card, or Voter's I.D. Only Stockholders of record as at 5:00 p.m., March 31, 1998 shall be entitled to vote at and attend said meeting. The minutes of the meetings and resolutions of the Board of Directors, since the last Annual Stockholders meeting, may be reviewed at the office of the Corporation at the address indicated below. Pasig City, Metro Manila, May 31, 1998. (SGD.) SIXTO S. SANDEJAS II Corporate Secretary