PSE Circular for Brokers No. 2331-98

October 8, 1998 PSE CIRCULAR FOR BROKERS NO. 2331-98 October 7, 1998 PHILIPPINE STOCK EXCHANGE PSE Center, Exchange Road Ortigas Center, Pasig City Attention: Mr . Reynaldo P . Ong Vice President Listings & Disclosure Groups Gentlemen : Please be advised that at the special meeting of the Board of Directors of the Corporation held this afternoon, the Board approved the following: 1. The holding of the annual stockholders' meeting on November 18, 1998 at 9:00 A.M. 2. Setting the record date on October 21, 1998 for purposes of determining the stockholders entitled to notice and vote at said meeting. Following is the agenda of the meeting: Approval of the minutes of the previous meeting Ratification of all acts of the Board of Directors and Executive Committee Election of Directors Appointment of External Auditor Other matters which may properly come before the meeting. Very truly yours, (SGD.) MARIO C. LORENZO Corporate Secretary