All Stockholders

February 17, 1998 PSE CIRCULAR FOR BROKERS NO. 151-98 TO : All Stockholders NOTICE is hereby given that there will be a special meeting of the stockholders of the Corporation on Tuesday, 10 March 1998 at 2:00 o'clock in the afternoon, at the Canlubang Golf and Country Club, Canlubang Laguna (please refer to the map enclosed), to consider the following: AGENDA 1. Call to Order; 2. Certification of Notice and Quorum; 3. Reading and Approval of Minutes of the Special Meeting of the Stockholders held on 02 June 1997; 4. Amendment of ARTICLE SEVENTH of the Articles of Incorporation of the Corporation by denying pre-emptive rights with respect to the remaining unissued shares from the original 400,000,000 authorized capital stock to be offered outside the Philippines; 5. Other matters; 6. Adjournment In accordance with the rules of the Philippine Stock Exchange, the close of business on 04 February 1998 has been fixed as the record date for the determination of the stockholders entitled to notice of such meeting and any adjournment thereof, and to attend and vote thereat. All stockholders who will not, are unable, or do not expect to attend the meeting in person are urged to fill out, date, sign and send the enclosed proxy to the Corporation at Lot 8 Phase II B, Carmelray Industrial Park, Canlubang Laguna or to MCPO Box 1618, 1256 Makati City, Philippines. To avoid inconvenience in registering your attendance at the meeting, you or your proxy are requested to bring identification paper(s) containing a photograph and signature, e.g. passport, driver's license, or credit card. Canlubang Laguna, 12 February 1998. (SGD.) JIMMY SOO Corporate Secretary