PSE Circular for Brokers No. 2197-98

September 22, 1998 PSE CIRCULAR FOR BROKERS NO. 2197-98 TO : All Stockholders of SPI Technologies, Inc . NOTICE OF ANNUAL GENERAL MEETING OF STOCKHOLDERS Notice is hereby given that the Annual General Meeting of Stockholders of SPI Technologies, Inc. (the "Company") will be held on Saturday, 10 October 1998 at 9:00 A.M. at the SPI Building, Pascor Drive, Sto. Nino, Paraaque, Metro Manila. The agenda of the meeting is as follows: 1. Certification of Notice and Quorum; 2. Approval of the Minutes of the Annual General Meeting of Stockholders held on 11 October 1997; 3. Presentation of Annual Report; 4. Ratification of Acts and Proceedings of the Board of Directors and Corporate Officers; 5. Election of External Auditors; 6. Election of Board of Directors; and 7. Other business. Only stockholders of record at the close of business hours on 10 September 1998 are entitled to notice of and to vote at the meeting or any adjournment thereof. All proxies must be submitted for validation on or before 5:00 P.M., 5 October 1998 at the Office of the Corporate Secretary, Level Four, SPI Building, Pascor Drive Sto. Nino, Paraaque, Metro Manila. Minutes of the last Annual General Meeting and resolutions of the Board of Directors from 11 October 1997 will be available for examination during office hours at the Office of the Corporate Secretary. Paraaque, Metro Manila, 7 September 1998. (SGD.) GEMMA M. SANTOS Corporate Secretary