Manila Broadcasting Corporation

June 24, 1999 PSE CIRCULAR FOR BROKERS NO. 1487-99 SUBJECT : Manila Broadcasting Corporation Manila Broadcasting Corporation ("MBC") furnished the Exchange a copy of its SEC Form 34-C (Definitive Information Statement) in connection with its Annual Stockholders' Meeting which will be held on July 8, 1999 , at 3:00 p.m., at the Hospitality Lounge, New World Hotel, Makati City. The agenda for the meeting shall be as follows: LexLib 1. Call to Order 2. Certification of notice and quorum 3. Approval of 1998 audited financial statements 4. Ratification of the acts of the Board of Directors and Officers of the Corporation 5. Election of Directors 6. Appointment of External Auditors 7. Other matters 8. Adjournment Stockholders of record as of June 23, 1999 are entitled to notice of, and to vote, at, said meeting. The stock and transfer book of the company will be closed from June 23, 1999 to the close of business hours on July 8, 1999. cdll A copy of MBC's Definitive Information Statement is available for reference at the PSE Library and PSE-Plaza Administration Office. For your information. (SGD.) JOSE LUIS U. YULO, JR. President and CEO