Daily Drilling Bulletin

March 6, 1998 PSE CIRCULAR FOR BROKERS NO. 308-98 DAILY DRILLING BULLETIN HIPPO-1 WELL (Sandakan Basin, Sulu Sea) Arco Philippines Inc has ran the wireline logs yesterday. The operator is presently pulling out of hole prior to running the 9 5/8-inch casing. Subsequently, the operator plans to re-position the rig which will take 5 to 7 days to complete due to frequent interruptions caused by strong undercurrents in the area. The well remains at a depth of 7,520 feet. (SGD.) GRISELDA J.G. BAUSA Director Energy Resources Development Bureau SECURITIES AND EXCHANGE COMMISSION SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11(a)-1(b) THEREUNDER 1. March 5, 1998 Date of Report (Date of earliest event reported) 2. SEC Identification Number 21134 3. BIR Tax Identification No. 000-234-398 4. VITARICH CORPORATION Exact name of registrant as specified in its charter 5. Bulacan Province, country or other jurisdiction of incorporation 6. (SEC Use Only) Industry Classification Code: 7. Abangan Sur, McArthur Highway, Marilao, Bulacan 3019 Address of principal office Postal Code 8 843-3033; 843-0237 to 47 Connecting all departments Registrant's telephone number, including area code 9. N/A Former name or former address, if changed since last report 10. Securities registered pursuant to Sections 4 and 8 of the RSA Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding Common Stock 409,969,764 including treasury shares of 14,694,100 11. Indicate the item numbers reported herein: ITEM #9 Item 9. Other Events Postponement of Special Stockholders Meeting Please be informed that the special meeting of the stockholders of the Corporation which was scheduled to be held on Friday, March 13, 1998 at 10:00 a.m. at the Kalayaan Hall, Club Filipino, Greenhills, San Juan per the definitive Information Statement duly filed by Vitarich Corporation with the Securities n and Exchange Commission and the Philippine Stock Exchange on February 23, 1998, will be postponed to Thursday, March 26, 1998, at 10:00 a.m. at the Kalayaan Hall, Club Filipino, Greenhills, San Juan. SIGNATURES Pursuant to the requirements of the Revised Securities Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. VITARICH CORPORATION Registrant (SGD.) TADEO F. HILADO Corporate Secretary VITARICH CORPORATION NOTICE OF SPECIAL MEETING OF STOCKHOLDERS Thursday, March 26, 1998, 10:00 a.m. Kalayaan Hall, Club Filipino Greenhills, San Juan TO ALL STOCKHOLDERS : NOTICE IS HEREBY GIVEN that a Special Meeting of the Stockholders of Vitarich Corporation will be held on Thursday, March 26, 1998 at the Kalayaan Hall, Club Filipino, Greenhills, San Juan at 10:00 in the morning. The Agenda for the meeting is as follows: 1. Call to Order 2. Proof of the Required Notice of Meeting 3. Proof of the Presence of a Quorum 4. Approval of Increase in Capital Stock from P500,000,000 to P1,000,000,000 5. Approval of the Mortgage Trust Indenture with the Philippine Commercial International Bank as Trustee. 6. Adjournment For the purpose of determining the stockholders entitled to notice and to vote at the meeting, the record date is February 9, 1998. The Stock and Transfer Books of the Corporation will be closed from February 9, 1998 to March 26, 1998. On the day of the meeting, you or your duly designated proxy are hereby required to bring this Notice and any form of identification such as driver's license, passport, company I.D., voter's I.D., or TIN Card to facilitate registration. Registration will start at 9 : 00 in the morning and will close at 9 : 45 in the morning . (SGD.) TADEO F. HILADO Corporate Secretary Footnotes n Note from the Publisher: Written as "Security" in the original document.