PSE Circular for Brokers No. 2233-98

September 28, 1998 PSE CIRCULAR FOR BROKERS NO. 2233-98 September 25, 1998 PHILIPPINE STOCK EXCHANGE, INC. DISCLOSURE DEPARTMENT LISTINGS AND DISCLOSURE GROUP PSE CENTRE, EXCHANGE ROAD ORTIGAS CENTER, PASIG CITY Gentlemen : This is to officially advise your goodselves that at its regular meeting on Sept. 25, 1998, the Board of Directors of Solidbank Corporation declared a cash dividend of P3.00 per share on all the issued and outstanding common shares of 23,366,982 of the authorized capital stock of the said bank, or a total cash dividend of P70,100,946.00 subject to prior approval of the Bangko Sentral ng Pilipinas (BSP). The record date shall be 15 days after receipt by Solidbank Corporation of the approval/clearance by the BSP of the said cash dividend, and a payment date to be set by Mr. Deogracias N. Vistan, President and Chief Executive Officer of Solidbank Corporation. Thank you. LLjur CASH DIVIDEND CASH P3.00 PER SHARE RECORD DATE TO BE ANNOUNCED Very truly yours, (SGD.) ROMULO C. BERNARDEZ Corporate Secretary SOLIDBANK CORPORATION