ABS-CBN Broadcasting Corporation

April 17, 1998 PSE CIRCULAR FOR BROKERS NO. 706-98 SUBJECT : ABS-CBN Broadcasting Corporation Further to Circular No. 498-98 dated March 26, 1998, ABS-CBN Broadcasting Corporation ("ABS") furnished the Exchange on April 16, 1998 a copy of SEC Form 34-C (Definitive Information Statement) in connection with its Annual Stockholders' Meeting which will be held on Thursday, April 30, 1998 , at 8:00 a.m. at the ABS-CBN Studio No. 1, ABS-CBN Broadcast Center Complex, Mother Ignacia cor. Sgt. Esguerra Avenue, Quezon City. The agenda for the meeting shall be as follows: 1. Call to Order 2. Proof of Service of Notice 3. Certification of Presence of Quorum 4. Approval of the Minutes of the 30 April 1997 Stockholders' Meeting 5. Report of the President 6. Approval of the Audited Financial Statements 7. Election of Directors for Ensuing Year 8. Appointment of External Auditor 9. Other Business 10. Adjournment As previously announced, stockholders of record as of April 3, 1998 , are entitled to notice of, and to vote at, said meeting. prLL A copy of ABS's SEC Form 34-C is available for reference it the PSE Library and PSE-Plaza Administration Office. For your information. (SGD.) REYNOLD P. ONG Vice-President, Listings and Disclosure Group