Metropolitan Bank and Trust Company

March 30, 1998 PSE CIRCULAR FOR BROKERS NO. 556-98 SUBJECT : Metropolitan Bank and Trust Company Further to Circular No. 172-98 dated February 19, 1998, Metropolitan Bank and Trust Company ("MBT") furnished the Exchange on March 30, 1998 a copy of SEC Form 34-C (Definitive Information Statement) in connection with its Annual Stockholders' Meeting which will be held on April 22, 1998 at 4:00 p.m. at the Auditorium, 2nd Floor, Metrobank Plaza, Sen. Gil J. Puyat Avenue, Makati City. The agenda for the meeting shall be as follows: 1. Call to Order. 2. Certification of Notice and Quorum 3. Approval of Minutes of the Annual Stockholders' Meeting held on April 16, 1997 4. Annual Report to the Stockholders 5. Ratification of Corporate Acts 6. Election of Directors 7. Other matters 8. Adjournment Stockholders of record as of March 23, 1998 are entitled to notice, and to vote at the said meeting. A copy of MBT'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