PSE Circular for Brokers No. 2196-98

September 22, 1998 PSE CIRCULAR FOR BROKERS NO. 2196-98 September 18, 1998 PHILIPPINE STOCK EXCHANGE, INC. Disclosure Department 4/F PSE Center Exchange Road Ortigas Center, Pasig City Dear Madam : Pursuant to the requirements of the Philippine Stock Exchange, please be advised that our Company will hold its Annual Stockholders' Meeting on October 22, 1998 at 2:00 p. m. at the Harana Ballroom of the Hyatt Regency Hotel on Roxas Boulevard, Pasay City to consider and take action upon the following matters. cdpr Call to Order Proof of Notice and Quorum Approval of the Minutes of the last Annual Stockholders' Meeting held on October 23, 1997 Approval of the Minutes of the Special Stockholders' Meeting held on August 12, 1998 Chairman's Address Election of Directors Other Matters Other details are as follows: Record date October 1, 1998 Closing of stock & transfer books from October 2, 1998 up to October 22, 1998 Submission of proxies October 12, 1998 Validation of proxies October 17, 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 Thank you Very Truly Yours, (SGD.) ATTY. RODOLFO CORVITE, JR. Corporate Secretary