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Philippine Stock Exchange

PSE Circular for Brokers No. 019-98 • Philippine Stock Exchange • Circulars for Brokers • Feb 2, 1998

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February 2, 1998 PSE CIRCULAR FOR BROKERS NO. 019-98 January 30, 1998 PHILIPPINE STOCK EXCHANGE Philippine Stock Exchange Centre Exchange Road, Ortigas Center Pasig City Attention : Atty . Ruben L . Almadro Vice President Compliance & Surveillance Department Fax 636 0809 637 8811 Gentlemen : We refer to your January 30, 1998 letter advising us that Alcorn Petroleum And Minerals Corporation's share price increased from Php 0.0050 to Php 0.0075 per share. Please be advised that, to our knowledge, we do not know the reason or reasons that caused this increase in our share price in today's trading. We in fact would also like to know the cause of this condition and would appreciate your advising immediately of any information that you may have gathered. LLjur Thank you. Very truly yours, (SGD.) PONCIANO K. MATHAY Vice President

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