PSE Circular for Brokers No. 2371-98

October 15, 1998 PSE CIRCULAR FOR BROKERS NO. 2371-98 ATLAS CONSOLIDATED MINING AND DEVELOPMENT CORPORATION NOTICE OF ANNUAL MEETING OF STOCKHOLDERS TO ALL STOCKHOLDERS : Notice is hereby given that the Annual Meeting of Stockholders of Atlas Consolidated Mining and Development Corporation will be held at Valle Verde Country Club, Capt. Henry P. Javier St., Bo. Oranbo, Pasig City, on December 16, 1998 at 11:00 A.M., Philippine time, to consider and vote on the following: 1. Call to Order 2. Secretary's Proof of Notice 3. Quorum 4. Approval of previous minutes, July 30, 1997 5. Presentation of 1997 Annual Report 6. Approval of the annual report and ratification of the acts and resolutions of the Board of Directors and Management since the last annual meeting 7. Election of eleven members of the Board of Directors 8. Appointment of external auditors 9. Other matters 10. Adjournment Should other matters of which Management is now unaware be presented at the meeting for action, is the intention of the person/s named in the accompanying proxy forms to vote said proxy in accordance with their judgment on such matters. cdlex For purposes of the meeting, only stockholders of record at the close of business hours on November 10, 1998 will be entitled to vote thereat. If you cannot be present at the meeting, please sign and return the proxy to the Corporate Secretary on or before December 1, 1998 for validation, which is scheduled on December 7, 1998 at 10:00 A.M., at the 7th Floor, Pacific Star Building, Makati Avenue, Makati City, in time for the meeting as it is important that the presence of a quorum be secured. All nominations for the position of Directors must be submitted in writing to the Corporate Secretary at least seven (7) working days before the meeting on December 7, 1998. (SGD.) BENJAMIN V. ABELA Corporate Secretary