Philippine Seven Corporation

May 12, 1998 PSE CIRCULAR FOR BROKERS NO. 998-98 SUBJECT : Philippine Seven Corporation Further to Circular No. 754-98 dated April 22, 1998, Philippine Seven Corporation ("SEVN") furnished the Exchange on May 7, 1998 a copy of SEC Form 34-A (Definitive Proxy Statement) in connection with its Annual Stockholders' Meeting which will be held on Tuesday, May 26, 1998 , at 3:00 p.m., at the Amorsolo Ballroom, Manila Galleria Suites, #1 ADB Avenue, Ortigas Center, Pasig City. The agenda for the meeting shall be as follows: 1. Certification of Quorum and Call to Order 2. Approval of Minutes of the Previous Stockholders Meeting 3. Ratification of Actions Taken by the Board of Directors, Executive Committee and Management during the Previous Year 1997 4. Management Report 5. Amendment of the Code of By-Laws 6. Appointment of External Auditors 7. Election of the Board of Directors for 1998 8. Other Matters 9. Adjournment As previously announced, stockholders of record as of April 21, 1998 , are entitled to notice of, and to vote at, said meeting. cdt A copy of SEVN's SEC Form 34-A is available for reference at the PSE Library and PSE-Plaza Administration Office. For your information. (SGD.) REYNOLD P. ONG Vice-President, Listings and Disclosure Group