PSE Circular for Brokers No. 587-99

March 25, 1999 PSE CIRCULAR FOR BROKERS NO. 587-99 NOTICE OF ANNUAL MEETING OF STOCKHOLDERS TO : All Stockholders Greetings : Notice is hereby that the Annual Meeting of Stockholders of Philippine Savings Bank will be held on April 19, 1999 at 4:00 P.M. at the PSBank Tower Penthouse, PSBank Tower, Sen. Gil J. Puyat Avenue, corner Tindalo Street, Makati City. cdlex The Agenda is as follows: 1. Call to Order; 2. Certification of Notice and Quorum; 3. Approval of Minutes of the Annual Stockholders' Meeting held on April 21, 1998; 4. Confirmation of all acts of the Board of Directors, the Executive Committee and the Management; 5. Report of the President; 6. Election of the Members of the Board of Directors; 7. Ratification of the 10% Stock Dividend; 8. Appointment of External Auditor; 9. Other matters; 10. Adjournment. For purposes of the meeting, only stockholders of record as of March 9, 1999 are entitled to vote in the said meeting. Very truly yours, (SGD.) DIANA D. ENRIQUE Corporate Secretary