PSE Circular for Brokers No. 532-98

March 30, 1998 PSE CIRCULAR FOR BROKERS NO. 532-98 March 27, 1998 SECURITIES AND EXCHANGE COMMISSION SEC Building EDSA, Mandaluyong City Attention: Ms . Linda Daoang Director, Money Market Operations Department Fax No . 727-5103 Gentlemen : RE : Robinsons Land Corporation Annual Meeting of Stockholders Please be informed that in accordance with the provisions of Section 5, Article VII of the Amended By-Laws of ROBINSONS LAND CORPORATION, the Board of Directors sets the forthcoming Annual Stockholders' Meeting of the corporation on April 29, 1998 at 4:00 p.m. at the Amorsolo Ballroom of the Manila Galleria Suites, Asian Development Bank Avenue, Ortigas Center, Pasig City, Metro Manila. Only stockholders of record as of March 30, 1998 will be entitled to notice of the meeting and to vote. Notice of the Annual Meeting of Stockholders, together with the agenda for the meeting, will be sent to all stockholders of record at least ten (10) days prior to the meeting date as prescribed by the By-Laws. Thank you very much for your kind attention. Very truly yours, Universal Robina Corporation (SGD.) EMMANUEL C. ROJAS, JR. Corporate Secretary