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PSE Circular for Brokers No. 005-99

PSE Circular for Brokers No. 005-99 • Philippine Stock Exchange • Circulars for Brokers • Jan 4, 1999

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January 4, 1999 PSE CIRCULAR FOR BROKERS NO. 005-99 Philippine Stock Exchange, Inc . Phil. Stock Exchange Centre, Exchange Road Ortigas Center Pasig City Attention: Mr . Ruben L . Almadro - Fax No . 636-08-09 637-88-11 VP-Compliance & Surveillance Group Gentlemen : This is in response to your letter of 29 December 1998 which you faxed to us that afternoon at about 2:11 p.m. but came to our attention only today, January 4, 1999. Unfortunately, due to the holiday season, we did not hold our offices that day. We are not aware of any material information relating to the unusual movement in the trading resulting in the 49.15% increase of share price of Benguet Corporation from P2.95 to P4.40 per share. cdll Thank you for your kind attention. Very truly yours, BENGUET CORPORATION By: (SGD.) BENJAMIN PHILIP G. ROMUALDEZ Chairman & President CEO

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