Filsyn Corporation SEC Registration No. 35841

May 7, 1998 PSE CIRCULAR FOR BROKERS NO. 964-98 May 5, 1998 Philippine Stock Exchange, Inc. PSE Center, Exchange Road Ortigas Center, Pasig City RE : Filsyn Corporation SEC Registration No. 35841 S i r s : The By-Laws of Filsyn Corporation (the "Corporation") provide that the annual stockholders meeting shall be held "on such date within four months after the end of the fiscal year of the Corporation as the board of directors may determine" (Art. III, Sec. 2, By-Laws). The fiscal year of the Corporation commences on the first day of January of each calendar year and shall close on the 31st day of December of the same calendar day (Art. VII, Sec. 1, By-Laws). The annual stockholders meeting of the Corporation shall therefore be held within the month of April. However, of lack of a quorum the annual stockholders scheduled in April of this year has been cancelled and will be rescheduled on another date. As soon as such date is set, the Philippine Stock Exchange, Inc. will accordingly be advised. cdt Very truly yours, (SGD.) CIRILO T. TOLOSA Corporate Secretary Filsyn Corporation REPUBLIC OF THE PHILIPPINES) CITY OF MAKATI ) Subscribed and sworn to before me this 6th day of May 1998. Affiant exhibited to me his Community Tax Certificate Number 01446140 issued on January 26, 1998 at Makati City. Doc No. 225 Page No. 46 Book No. I Series of 1998.