Metro Pacific Corporation

March 27, 1998 PSE CIRCULAR FOR BROKERS NO. 521-98 SUBJECT : Metro Pacific Corporation Further to Circular No. 316-98 dated March 9, 1998, Metro Pacific Corporation ("MPC") furnished the Exchange on March 26, 1998 a copy of SEC Form 34-C (Definitive Information Statement) in connection with its Annual Stockholders' Meeting which will be held on Friday, April 24, 1998 at 4:00 p.m. at the Ballroom of the Mandarin Hotel, Makati Avenue, Makati City for the following purposes: 1. To consider and act upon the Chairman's and President's Report and the Annual Report of the company for the year ended December 31, 1997. 2. To elect the Directors of the company for the ensuing year. 3. To consider and act upon the appointment of independent auditors. 4. To transact such other business as may properly come before the meeting and at any adjournment thereof. Stockholders of record as of March 20, 1998 are entitled to notice of and to vote at the said meeting. A copy of MPC's SEC Form 34-C is available for reference at the PSE Library and PSE-Plaza Administration Office. For your information. (SGD.) MA. ISABEL T. GARCIA Head, Listing and Disclosures Group