Notice of Annual Stockholders' Meeting

March 19, 1999 PSE CIRCULAR FOR BROKERS NO. 535-99 NOTICE OF ANNUAL STOCKHOLDERS' MEETING NOTICE IS HEREBY GIVEN that the annual meeting of the stockholders of BANKARD, INC. will be held at the Francisco Santiago Hall, Mezannine Floor, PCIBank Tower I, Makati Avenue corner H.V. dela Costa Street, Makati City, Philippines on Thursday, April 15, 1999 , at two o'clock in the afternoon. The Agenda for the meeting shall be as follows: 1. Call to order; 2. Certification by the Corporate Secretary sending of notices and existence of a quorum; 3. Reading and approval of minutes of the 1998 annual meeting of the stockholders; 4. Report of the President; 5. Approval of the 1998 Financial Statements; 6. Ratification of actions taken by the Board of Directors and Officers of the Corporations since the last annual meeting of the stockholders; 7. Appointment of independent auditors; 8. Election of Directors; 9. Transaction of such other matters as may properly come before the meeting; and 10. Adjournment. The record date for determination of the stockholders entitle to notice of, and to vote at said meeting is fixed at the close of business hours on 15 March 1999 . The enclosed Information Statement is being distributed to stockholders of record as of 15 March 1999 in compliance with the requirements of Section 34 (c) of the Revised Securities Act and in accordance with the provisions of Rule 34 (c)-1 of the Full Disclosure Rules of the Securities and Exchange Commission (SEC). Registration starts at one o'clock in the afternoon . For your convenience in registering your attendance, please have available some form of identification, such as your Community Tax Certificate, Passport, or Driver's License. cdll Pasig City, 19 March 1999. FOR THE BOARD OF DIRECTORS (SGD.) LUTGARDA C. BAQUIRAN-PERALTA Corporate Secretary