PSE Circular for Brokers No. 427-98

March 20, 1998 PSE CIRCULAR FOR BROKERS NO. 427-98 NOTICE OF REGULAR ANNUAL MEETING NOTICE IS HEREBY GIVEN that the Regular Annual Meeting of the Stockholders of Sanitary Wares Manufacturing Corporation will held at the Ballroom A, Mandarin Oriental Hotel, Makati City on Tuesday, March 31, 1998 at 8:00 a.m. The Agenda for the meeting shall be as follows: 1. Certification by the Corporate Secretary on the sending of notices and existence of a quorum; 2. Approval of previous Minutes of the Meeting of the Stockholders; 3. Report of the President; 4. Consideration of Financial Statements for the year ended December 31, 1997; 5. Ratification of actions taken by the Board of Directors and Officers of the Corporation since the date of the last Annual Meeting; 6. Election of Directors; 7. Appointment of Auditors; and 8. Transaction of such other matters as may properly come before the meeting. The Record Date for the determination of stockholders entitled to notice of, and to vote and be voted at the meeting shall be March 5, 1998. Registration for the meeting shall commence at 7:30 a.m. on Tuesday, March 31, 1998 at the above venue. If you cannot personally attend the meeting and would like to be represented by a proxy, a written and signed copy of the proxy must be received by the Corporate Secretary not later than ten (10) working days before the time appointed for holding the meeting. cdll Upon request, copies of RSA Form 11-A filed with the Securities and Exchange Commission will be made available to stockholders free of charge. (SGD.) CYNTHIA ROXAS-DEL CASTILLO Corporate Secretary