PSE Circular for Brokers No. 862-98

April 29, 1998 PSE CIRCULAR FOR BROKERS NO. 862-98 April 27, 1998 NOTICE OF THE RE-SCHEDULED ANNUAL STOCKHOLDERS' MEETING OF THE ABACUS CONSOLIDATED RESOURCES AND HOLDINGS, INC . DEAR: STOCKHOLDER Please be advised that the Annual Stockholders' Meeting of the Abacus Consolidated Resources and Holdings, Inc. (the "Corporation) originally scheduled for May 14, 1998 has been re-scheduled to June 29, 1998 at 9:00 A. M., to be held at the Ylang-Ylang Room, Club Filipino, Eisenhower cor. McKinley, Greenhills, San Juan, Metro Manila. The Agenda for the said meeting will be as follows: 1. CALL OF MEETING TO ORDER; 2. DETERMINATION OF QUORUM; 3. APPROVAL OF THE MINUTES OF THE STOCKHOLDERS MEETING HELD ON JUNE 17, 1997; 4. REPORT TO THE STOCKHOLDERS; 5. APPROVAL OF THE 1997 AUDITED FINANCIAL STATEMENTS; 6. ELECTION OF THE MEMBERS OF THE BOARD OF DIRECTORS; 7. APPOINTMENT OF TRANSFER AGENT; 8. APPOINTMENT OF EXTERNAL AUDITOR, 9. RATIFICATION OF ACTS OF THE BOARD OF DIRECTORS AND OFFICERS OF THE CORPORATION; 10. OTHER MATTERS; 11. ADJOURNMENT. All Stockholders of record as of the end of the business day as of March 28, 1998 shall be entitled to vote in person and/or by proxy. In cases you can not attend the said meeting, we request you to submit your proxy (form attached) to the office of the Corporation located at No. 28 N. Domingo St., New Manila, Quezon City, c/o the Corporate Secretary, at least three (3) days before the date of the said meeting as provided for in the By-laws of the Corporation. cdll