PSE Circular for Brokers No. 558-99

March 23, 1999 PSE CIRCULAR FOR BROKERS NO. 558-99 March 19, 1999 SECURITIES & EXCHANGE COMMISSION SEC Building, Edsa, Greenhills City of Mandaluyong, Metro Manila Attention: Ms . Adelfa A . Villegas Chief Serd 3 Money Market Operational Department RE : Semirara Coal Corporation (SCC) Annual Stockholders' Meeting to be held on May 03, 1999 Please be informed that in today's Board of Directors' meeting it was decided to hold the Regular Annual Stockholders' meeting on the date fixed in the By-laws of the Corporation which is on the first Monday of May of each and for this year on May 3 1999 at DMCI Holdings, Incorporated, 3rd Floor Dacon Building, 2281 Chino Roces Avenue (Formerly Pasong Tamo Extension) Makati City at 10:00 A.M.. Likewise, the Board had fixed April 6, 1999 as the record date for the determination of stockholders of the Corporation who are entitled to notice and vote during the said Annual Stockholders' meeting. Attached, please find the Agenda of the said meeting. Your authorized representative is welcome to attend to the said meeting. Thank you for your kind attention. LLpr Very truly yours, (SGD.) BENIGNO F. MORALES Corporate Secretary NOTICE OF ANNUAL, MEETING OF STOCKHOLDERS Please be notified that the Annual Meeting of stockholder of this Corporation will be held on Monday, May 3, 1999 at 10:00 a.m. at the 3rd Floor Dacon Building, 228T Chino Roces Avenue (formerly Pasong Tamo Extension). Makati City, Metro Manila with the following Agenda: 1. Certification of Notice and Quorum 2. Approval of the Minutes of the Annual Stockholders Meeting held on May 14. 1998 3. Report of the Board of Directors 4. Approval of the Annual Report and 1998 Audited Financial Statement 5. Ratification of the Acts, of the Board of Directors and Management 6. Election of the Board of Directors 7. Appointment of External Auditors and Legal Counsels and 8. Such other business as are indicated in the By-Laws and as may properly come before the body. Only stockholders of record as of April 6, 1999 shall be entitled to notice and vote during the said meeting. On the day of the meeting, you or your duly designated proxy is hereby required to bring this notice and any form of identification, i.e. drivers license, company ID. TIN card etc. to facilitate registration. For corporate stockholder; attach a copy of the Board resolution designating its authorized representative to vote at said meeting. Registration start at exactly 8:30 a.m. and closes at 9:30 a.m. prLL Management is not asking you for a proxy and you are not requested to send us a proxy (SGD.) BENIGNO F. MORALES Corporate Secretary