PSE Circular for Brokers No. 814-99

April 20, 1999 PSE CIRCULAR FOR BROKERS NO. 814-99 April 19, 1999 PHILIPPINE STOCK EXCHANGE, INC . Disclosure Department Philippine Stock Exchange Center Exchange Road Ortigas Center, Pasig City Attention: Ma . Luisa Buenaventura Disclosure Supervisor Dear Madam : Pursuant to the requirements of the Philippine Stock Exchange, and in connection with the April 7, 1999 disclosure which we sent to you earlier, our Company will hold a Special Stockholders' Meeting on May 24, 1999 at 2:00 p.m. at the Harana Ballroom of the Hyatt Regency Hotel on Roxas Boulevard, Pasay City to consider and take action upon the following matters: Call to Order Proof of Notice and Quorum Approval of the Minutes of the last Annual Stockholders' Meeting held on October 22, 1998 Chairman's Address Approval of Increase in Number of Directors from Nine (9) to Ten (10) Election of Directors to the Board to fill up the Existing Vacancies and Increase in member of Directors Other Matters. LLpr Other details are as follows: Record date May 3, 1999 Closing of stock and transfer books from May 4 1999 up to May 24, 1999 Submission of proxies May 14, 1999 Validation of proxies May 19, 1999; 2:00 p.m.; at Stock Transfer Department of Far East Bank & Trust Company, 9/F FEB Center, Sen. Gil J. Puyat Avenue, Makati City. Thank you. Very Truly Yours, (SGD.) ATTY. RODOLFO G. GORVITE, JR. Corporate Secretary