PSE Circular for Brokers No. 1569-98

July 9, 1998 PSE CIRCULAR FOR BROKERS NO. 1569-98 July 7, 1998 PHILIPPINE STOCK EXCHANGE, INC. Disclosure Department 4/F PSE Center Exchange Road Ortigas Center, Pasig City Attention: Ms . Luisa Buenaventura Disclosure Analyst Dear Madam : Pursuant to the requirements of the Philippine Stock Exchange, and in connection with the 29 June 1998 disclosure which we sent to you earlier, our Company will hold a Special Stockholders' Meeting on 12 August 1998 at 2:30 p.m. (venue to be announced later) to consider and take action upon the following matters: Call to order Proof of notice and quorum Chairman's address Approval of increase in authorized capital stock Rights issue Other matters Other details are as follows: record date July 21, 1998 closing of stock & transfer book from July 22, 1998 up to August 12, 1998 submission of proxies July 31, 1998 validation of proxies August 7, 1998; 2:00 p.m.; at Stock Transfer Department of Far East Bank & Trust Company, 7/F FEB Center, Sen. Gil J. Puyat Avenue, Makati City. cdt Thank you. Very Truly Yours, (SGD.) ATTY. R.G. CORVITE, JR. Corporate Secretary