Grand Plaza Hotel Corporation

April 26, 1999 PSE CIRCULAR FOR BROKERS NO. 843-99 SUBJECT : Grand Plaza Hotel Corporation Further to Circular for Brokers No. 581-99 dated March 24, 1999, Grand Plaza Hotel Corporation ("GPH") furnished the, Exchange a copy of its SEC Form 34-C (Definitive Information Statement), including its 1998 Audited Financial Statements, in connection with its Annual Stockholders' Meeting which will be held on May 17, 1999 , at 10:30 A.M. at the ballroom of The Heritage Hotel Manila, Roxas Boulevard corner EDSA Extension, Pasay City. The agenda for the meeting shall be as follows: 1. Certification of quorum. 2. Presentation of the 1998 Annual Report. 3. Approval of the Minutes of the Stockholders' Meeting of 17 July 1998. 4. Ratification of all acts and proceedings of the Board of Directors, acting within the scope of their delegated authority, during the year 1998. 5. Election of the Board of Directors. 6. Election of the external auditors and the authority of the Directors to fix the auditors' remuneration. 7. Consideration of such other business as may properly come before the meeting. 8. Adjournment. As previously announced, stockholders of record as of April 30, 1999 are entitled to notice of, and to vote at, said meeting. LLpr A copy of GPH's Definitive Information Statement, together with its 1998 Audited Financial Statements, is available for reference at the PSE Library and PSE-Plaza Administration Office. For your information. (SGD.) JOSE LUIS U. YULO, JR. President and CEO