Lepanto Consolidated Mining Company

April 2, 1998 PSE CIRCULAR FOR BROKERS NO. 570-98 SUBJECT : Lepanto Consolidated Mining Company Further to Circular No. 304-98 dated March 6, 1998, Lepanto Consolidated Mining Company ("LC") 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 20, 1998 , at 4:00 p.m, at the Rigodon Ballroom. The Manila Peninsula Hotel, corner Ayala and Makati Avenues, Makati City. The agenda for the meeting shall be as follows: 1. Call to Order 2. Proof of due notice of the meeting and determination of quorum 3. Approval of Minutes of the Annual Meeting on April 21, 1997 4. Approval of Annual Report 5. Ratification of the acts of the Board of Directors and Officers of the Corporation 6. Election of Directors 7. Transaction of such other and further business as may properly come before the meeting As previously announced, stockholders of record as of March 5, 1998 are entitled to notice of, and to vote at, said meeting. The stock and transfer book of the company will be closed from March 5, 1998 to the close of business hours on April 20, 1998 . LibLex A copy of LC's SEC Form 34-C is available for reference at the PSE Library and PSE-Plaza Administration Office. For your information. (SGD.) REYNOLD P. ONG Vice-President, Listing and Disclosures Group