EEI Corporation

April 29, 1999 PSE CIRCULAR FOR BROKERS NO. 925-99 SUBJECT : EEI Corporation Further to Circular for Brokers No. 510-99 dated March 17, 1999, EEI Corporation ("EEI") furnished the exchange a copy of its SEC Form 34-A (Definitive Proxy Statement), in connection with its Annual Stockholders' Meeting which will be held on May 25 , 1999 , at 10:00 A.M. at Club Filipino, McKinley corner Eisenhower Streets, Greenhills, San Juan, Metro Manila, to consider and act upon the following matters: 1. Certification of Sending of Notices and Quorum. 2. Approval of minutes of the stockholders meeting held on May 15, 1998 3. Chairman and CEO's Report /Review of Operations. a. 1998 Highlights b. Outlook for 1999 4. Approval of the Annual Report and Ratification of the Actions of the Board of Directors/Officers 5. Election of Directors 6. Amendments of Article VII of the Articles of Incorporation increasing the Preferred Capital Stock from ONE HUNDRED TWENTY MILLION (120,000,000) shares at a par value of P1.00 per share to TEN MILLION SHARES (10,000,000) at a par value of P100.00 per share, and amending the terms governing the issuance of preferred shares. cdlex 7. Transaction of other business which may come before the meeting. 8. Adjournment. As previously announced, stockholders of record at the close of business on March 31 , 1999 are entitled to notice of, and to vote at, said meeting. A copy of EEI's Definitive Proxy Statement 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