PSE Circular for Brokers No. 346-98

March 12, 1998 PSE CIRCULAR FOR BROKERS NO. 346-98 NOTICE OF REGULAR MEETING OF STOCKHOLDERS April 21, 1998 Pursuant to Section 1, Article II of its By-Laws, San Miguel Corporation will hold the Regular Meeting of Stockholders on Tuesday, April 21, 1998 at 2:00 p.m. at the Grand Plaza Ballroom of the Westin Philippine Plaza Hotel, Cultural Center of the Philippines Complex, Roxas Boulevard, Pasay City, Metro Manila. The Agenda of the meeting is as follows: 1. Certification of Notice and Quorum. LLjur 2 Approval of the Minutes of the Regular Stockholders' Meeting held on April 15, 1997. 3. Presentation of Annual Report. 4. Report of Investment of Corporate Funds. 5. Ratification of Acts and Proceedings of the Board of Directors and Corporate Officers. 6. Approval of Sale of Shares in Coca-Cola Beverages. 7. Amending of Section 5, Article II of the Company By-Laws to allow for the fixing of a record date for determination of stockholders entitled to vote in Stockholder's Meeting up to forty-five (45) days prior to the date of the Stockholders' Meeting. 8. Appointment of External Auditors. 9. Election of Board of Directors. 10. Other business. Minutes of the last Regular Stockholders' Meeting and resolutions of the Board of Directors and Executive Committee from April 15, 1997 will be available for examination during office hours at the office of the Corporate Secretary. For your convenience in registering your attendance, please bring identification, such as passport, driver's license, or company I.D. Registration will start at 12:30 p.m. and the Registration booths will close at 3:00 p.m. (SGD.) JOSE Y. FERIA Corporate Secretary