Notice of Annual Stockholders' Meeting of Union Bank of the Philippines on May 22, 1999

April 2, 1998 PSE CIRCULAR FOR BROKERS NO. 576-98 NOTICE OF ANNUAL STOCKHOLDERS' MEETING OF UNION BANK OF THE PHILIPPINES ON MAY 22, 1999 Pursuant to Article IV of the By-Laws of UNION BANK OF THE PHILIPPINES ("UBP"), notice is hereby given that the ANNUAL STOCKHOLDERS' MEETING of UBP will be at the 11th Floor SSS, (Makati) Building, Ayala corner Herrera Street, Makati City on Friday, May 22, 1996 at 4:00 o'clock in the afternoon, for the following purposes: LibLex 1. Calling the roll 2. Proof of due notice of meeting 3. Reading and disposal of any unapproved minutes 4. Annual reports of officers 5. Unfinished business 6. New business 7 Election of Directors 8. Adjournment The Board of Directors of UBP has fixed the RECORD DATE for stockholders entitled to vote at this annual meeting to be on April 15, 1998 . The books of the Corporation will be closed from April 16, to May 07, 1998 for purposes of determining Stockholders entitled to attend the Stockholders Meeting. If it will be inconvenient for you to attend the meeting, you may appoint another person to represent you thereat by means of a proxy,, which should be submitted to the Office of the Corporate Secretary of UBP, 5th Floor SSS (Makati) Building, Ayala Avenue, corner Herrera St., Makati, Metro Manila, not later than three (3) days before the scheduled meeting. When signing as attorney-in-fact, executor, administrator, guardian, or in any other representative capacity, please give full title and file papers showing your authority. Registration starts at 2:00 P.M. on the scheduled meeting. For convenience in registering your attendance, please present any form of identification, such as driver's license, voter's I.D. or passport together with your copy of the Notice of Meeting sent to you by undersigned. (SGD.) ATTY. FE T. BECINA-MACALINO Corporate Secretary