PSE Circular for Brokers No. 270-99

February 12, 1999 PSE CIRCULAR FOR BROKERS NO. 270-99 February 12, 1999 Disclosure Department Listings and Disclosure Group 4/F Philippine Stock Exchange Center PSE Center, Exchange-Road Ortigas Center, Pasig City Gentlemen : Please be advised that at the meeting of the Board of Directors of Bankard, Inc. held today, 12 February 1999, the Board approved the following: 1. Charge to the schedule of the 1999 Annual Stockholders' Meeting of Bankard, Inc. from April 8, 1999 to April 15, 1999 at 2:00 P.M. at the Francisco Santiago Hall, Mezannine Floor, PCIBank Tower 1, Makati Avenue corner H.V. dela Costa Street, Makati City. 2. Agenda for the 1999 Annual Stockholders' Meeting of Bankard, Inc. as follows: aisadc 1. Call to order; 2. Certification by the Corporate Secretary on the sending of notices and existence of a quorum; 3. Reading and approval of minutes of the 1998 annual meeting of the stockholders; 4. Report of the President; 5. Approval of the 1998 Financial Statements; 6. Ratification of actions taken by the Board of Directors and Officers of the Corporation since the last annual meeting of the stockholders; 7. Appointment of independent auditors; 8. Election of Directors; 9. Transaction of such other matters as may properly come before the meeting; and 10. Adjournment. The record date of stockholders who will be entitled to vote and be voted is March 15, 1999. Thank you for your kind attention. Very truly yours, BANKARD, INC. BY: (SGD.) LUTGARDA C. BAQUIRAN-PERALTA Corporate Secretary