PSE Circular for Brokers No. 893-99

April 27, 1999 PSE CIRCULAR FOR BROKERS NO. 893-99 April 27, 1999 Disclosure Department Listings and Disclosure Group 4/F Philippine Stock Exchange Center PSE Center, Exchange Road Ortigas Center, Pasig City Gentlemen : Please be advised that at the special executive session of the Board of Directors of PCIBank held yesterday, the 26 th of April 1999 at 4:00 o'clock in the afternoon, the Board approved the following: 1. Postponement of the Bank's 1999 Annual Stockholders' Meeting from April 29, 1999 to June 17, 1999 or at a later date due to potential change of ownership. 2. Holding of the 1999 Annual Stockholders' Meetings of PCI Leasing and Finance, Inc. and Bankard, Inc. on June 24, 1999 or at a later date. We hope you find the foregoing to your satisfaction. Very truly yours, PHILIPPINE COMMERCIAL INTERNATIONAL BANK By: (SGD.) LUTGARDA C. BAQUIRAN-PERALTA Assistant Corporate Secretary