PSE Circular for Brokers No. 493-99

March 16, 1999 PSE CIRCULAR FOR BROKERS NO. 493-99 Notice of Annual Meeting of Stockholders April 14, 1999 10 : 00 a . m . Philippine Time NOTICE IS HEREBY GIVEN that the regular Annual Meeting of Stockholders of A . Soriano Corporation ("ANSCOR" or the "Company") will be held on April 14, 1999 at 10:00 a.m. at the Hotel Inter-Continental Manila, Makati Commercial Center, Makati City. The agenda of the meeting is as follows: 1. Approval of the minutes of previous meeting. 2. Annual Report of the Chairman and Chief Executive Officer, the President and Chief Operating Officer. 3. Ratification of all acts, contracts, investments and resolutions of the Board of Directors and Management since the last annual meeting. 4. Amendments of Art. IX of the Articles of Incorporation on reclassification of shares of stock. 5. Election of the members of the Board of Directors. 6. Appointment of External Auditors. 7. Such other business as may properly come before the meeting. Only stockholder of record in the books of the Company at the close of business on March 1, 1999, will be entitled to vote at the meeting. A list of stockholders entitled to vote will be available for inspection at the office of A. Soriano Corporation, 7th Floor Pacific Star Building, Makati Avenue corner Gil Puyat Ave., Makati City, for ten (10) days prior to the Annual Meeting. prLL Makati City, Philippines, March 11, 1999 THE BOARD OF DIRECTORS By: (SGD.) LORNA PATAJO-KAPUNAN Corporate Secretary