Solidbank Corporation

March 18, 1999 PSE CIRCULAR FOR BROKERS NO. 522-99 SUBJECT : Solidbank Corporation Further to Circular No. 366-99 dated March 1, 1999, Solidbank Corporation ("SBC") furnished the Exchange a copy of its SEC Form 34-C (Definitive Information Statement) in connection with its Annual Stockholders' Meeting which will be held on April 6, 1999 , at 2:00 p.m., at the 10th Floor, Solidbank Building, 777 Paseo de Roxas, Makati City. The agenda for the meeting shall be as follows: 1. Call to order 2. Notice of call and quorum 3. Reading and approval of the minutes of the previous regular Annual Stockholders' Meeting held on April 7, 1998 4. Nomination and election of Directors 5. The President's report to the stockholders 6. Approval of financial statements 7. Approval of annual reports for 1998 as well as all of the acts and resolutions of the outgoing Board of Directors 8. Reappointment of the external auditors of Solidbank 9. Other Matters 10. Adjournment As previously announced, stockholders of record as of February 26, 1999 are entitled to notice of, and to vote at, said meeting. A copy of SBC's Definitive Information Statement is available for reference at the PSE Library and PSE-Plaza Administration Office. For your information. prLL (SGD.) RAFAEL L. LLAVE Chief Operating Officer