PSE Circular for Brokers No. 431-98

March 20, 1998 PSE CIRCULAR FOR BROKERS NO. 431-98 NOTICE OF STOCKHOLDERS' MEETING Notice is hereby given that the Annual Stockholders' Meeting of La Todea Distillers, Inc. will be held on Monday, April 13, 1998 at 12:00 P.M. at the Mindanao Room, Westin Philippine Plaza, CCP Complex, Roxas Blvd., Pasay City. prcd The Agenda of the Meeting is as follows: 1. Call to order 2. Certification of Notice and Quorum 3. Approval of Minutes of Annual Stockholders' Meeting Held on April 10, 1997 4. Presentation of Annual Report 5. Ratification of Acts and Proceedings of the Board of Directors and Corporate Officers 6. Approval of LTDI Employees' Stock Ownership and Stock Option Plans 7. Approval of Amendment to Article VII of the Articles of Incorporation to Deny Pre-emptive Rights for Purposes of Employee Stock Ownership and Stock Option Plans 8. Election of Directors 9. Appointments of External Auditor 10. Other Matters 11. Adjournment Minutes of the Stockholders' Meeting and resolutions of the Board of Directors from April 10, 1997 will be available for examination during office hours at the office of the Corporate Secretary. For your convenience in registering your attendance, please have available some form of identification, such as company I.D., passport or driver's license. Registration will start at 10:30 a.m. LibLex (SGD.) BARBARA ANNE C. MIGALLOS Corporate Secretary