Planters Development Bank

April 7, 1998 PSE CIRCULAR FOR BROKERS NO. 635-98 SUBJECT : Planters Development Bank Further to Circular No. 549-98 dated March 31, 1998, Planters Development Bank ("PDB") furnished the Exchange on April 3, 1998 a copy of SEC Form 34-C (Definitive Information Statement) in connection with its Annual Stockholders' Meeting which will be held on Wednesday, April 22, 1998 , at 3:00 p.m. at the Training Room, 6th Floor, Plantersbank Building, 314 Sen. Gil Puyat Avenue, Makati City. The agenda for the meeting shall be as follows: 1. Approval of the Minutes of Special Meeting of Stockholders held on April 7, 1997; 2. The President's Report; 3. Ratification of the Acts of the Board of Directors and Executive Committee; 4. Nomination and Election of the Board of Directors; 5. Such other business as may properly come before the meeting; 6. Adjournment. As previously announced, stockholders of record as of March 31, 1998 are entitled to notice and to vote at said meeting. A copy of PDB'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, Listings and Disclosure Group