PSE Circular for Brokers No. 2544-98

November 6, 1998 PSE CIRCULAR FOR BROKERS NO. 2544-98 October 15, 1998 NOTICE OF ANNUAL SHAREHOLDERS MEETING TO ALL SHAREHOLDERS : Please be advised that the annual shareholders meeting of DAVAO UNION CEMENT CORPORATION will be held on TUESDAY, NOVEMBER 17, 1998 at 4 : 30 p . m . at EDSA Plaza Hotel, Palawan Room, Shaw Boulevard, Mandaluyong . The Agenda of the meeting is as follows: 1. Call to order 2. Proof of notice and determination of quorum 3. Minutes of previous meeting 4. Annual Report of Management 5. Election of Directors 6. Appointment of Auditors 7. Increase of Capital Stock 8. Amendment of Article VIII of the Amended Articles of Incorporation 9. Convertible Debt Instruments 10. Management Contract 11. Other Matters 12. Adjournment The record date for the determination of the shareholders entitled to notice of said meeting and vote thereat has been fixed as October 7, 1998. cdt REVIEWED BY: (SGD.) JUAN J. DIAZ Corporate Secretary