Marsman & Company, Inc.

May 6, 1998 PSE CIRCULAR FOR BROKERS NO. 950-98 SUBJECT : Marsman & Company, Inc . Marsman & Company, Inc. ("MAR") furnished the Exchange on May 5, 1998 a copy of SEC Form 34-C (Definitive Information Statement) in connection with its Annual Stockholders' Meeting which will be held on May 29, 1998, at 3:30 p.m., at the Fontaine Room, Mandarin Oriental Hotel, Paseo de Roxas, City of Makati. cdlex The agenda for the meeting shall be as follows: 1. Call to Order and Certification of Notice and Quorum 2. Approval of the Minutes of the Special Stockholders' Meeting held on December 8, 1997. 3. Report of the President/Presentation of the Annual Report 4. Ratification of the actions and proceedings taken by the Board of Directors and Corporate Officers since the December 8, 1997 meeting of the stockholders 5. Approval of the proposed amendments to the By-Laws of Marsman & Company, Inc. to require the submission of proxies five (5) days prior to the date of any meeting of the stockholders, special or annual; and to provide for a longer period within which the Board 'of Directors may order the closure of the Corporation's transfer books prior to any meeting, special or annual, of the stockholders, or the day appointed for the payment of dividend, and during such period no stock shall be transferable 6. Election of members of the Board of Directors for the term 1998-1999 7. Appointment of External Auditor 8. Other Business cdt 9. Adjournment. For purposes of the meeting, only stockholders or record as of May 8, 1998 are entitled to vote and be voted thereat. A copy of MAR's SEC Form 34-C is available for reference at the PSE Library and PSE-Plaza Administration Office. For your information. (SGD.) P. ONG Vice-President, Listings and Disclosure Group