Philippine Trust Company

March 21, 2000 PSE CIRCULAR FOR BROKERS NO. 725-00 SUBJECT : Philippine Trust Company Philippine Trust Company ("PTC") furnished the Exchange a copy of its SEC Form 34 -C (Preliminary Information Statement), in connection with its Annual Stockholders' Meeting which will be held on April 25, 2000 , at 4:00 p.m. at the Philtrust Bank Building, United Nations Avenue corner San Marcelino Street, Manila. The agenda for the meeting shall be as follows: 1. Opening Prayer 2. Call to Order 3. Proof of Service of the Required Notice of the Meeting 4. Proof of Presence of Quorum 5. Reading and Approval of the Minutes of the Annual Stockholders' Meeting held on September 22, 1999. 6. Approval of the Annual Report to the Stockholders for the year 1999 7. Ratification and Approval of all the acts and transactions of the Board of Directors, the Executive Committee and the Management since the Annual Meeting of the Stockholders on September 22, 1999 8. Appointment of External Auditors 9. Election of Directors 10. Other matters 11. Adjournment Only stockholders of record as of April 5, 2000 are entitled to notice of, and to vote at, said meeting. A copy of PTC's Preliminary Information Statement is available for reference at the PSE Centre and PSE-Plaza Libraries. For your information. CEASaT (SGD.) MARIA ISABEL T. GARCIA OIC, Listings & Disclosure Group