PSE Circular for Brokers No. 1900-99

July 30, 1999 PSE CIRCULAR FOR BROKERS NO. 1900-99 29 July 1999 PHILIPPINE STOCK EXCHANGE, INC. 4/F PSE Centre, Exchange Road, Ortigas Center, Pasig City Attention: Ms . Grace B . De Guia Asst . Manager, Disclosure Department Gentlemen : Please be informed that in the Board of Directors Meeting held at 9:30 a.m. 29 July 1999: 1. it was resolved that the Annual Stockholders' Meeting of Asiatrust Bank will be held on: Date : 19 November 1999, Friday Time : 2:00 p.m. Tenure : Skytop, Hotel Intercontinental Manila, Ayala Avenue, Makati City The purpose of the meeting will be to take up the following matters. a) Ratification of Minutes of Previous Stockholders Meeting b) Annual Report of Management and Approval of Financial Statements for the Fiscal Year ending 30 June 1999 c) Approval and Ratification of all Acts and Resolutions of the Board of Directors and Management for the Fiscal Year 1998-1999 d) Election of the Board of Directors for the ensuing term e) Appointment of External Auditors f) Such other business as may properly come before it The Board of Directors has also set the closing of the books of the Corporation on 21 September 1998 for purposes of setting the record date and determining the stockholders entitled to notice and to vote at the Annual Stockholders' Meeting. 2. MS. AURORA R. ARNAEZ, Nominee for the Social Security System, was nominated to fill up the remaining vacant seat in the Board and to serve as Director for the remaining term. LLjur For your information. Thank you. Very truly yours, (SGD.) MARCIAL S. EZEQUIEL Corporate Information Officer