Notice of Stockholders' Meeting

April 7, 1998 PSE CIRCULAR FOR BROKERS NO. 627-98 NOTICE OF STOCKHOLDERS' MEETING Notice is hereby given that the Annual Stockholders' Meeting of William, Gothong & Aboitiz, Inc. will be held on Friday, May 8, 1998 at 1:00 P.M. at the Cebu Plaza Hotel, Nivel Hills, Lahug, Cebu City. The Agenda of the Meeting is as follows: 1. Call to Order Roll Call, 2. Secretary's proof of Notice of Meeting and existence of a quorum, 3. Reading and Approval of the Minutes of the last meeting. 4. Reports of Officers. 5. Financial Report and Approval of Financial Statements for the preceding year, 6. Election of Directors. 7. Other matters as may properly come up during the meeting, 8. Adjournment. The Board of Directors has fixed the close of business of April 8, 1998 as the record date for purposes of determining the stock holders who are entitled to notice and to vote in the said meeting. dctai For your convenience in registering your attendance, please have available some forms of identification, such as company I.D. passport or driver's license. (SGD.) EUGENIO S. ESPEDIDO Corporate Secretary