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Philippine Stock Exchange

PSE Circular for Brokers No. 020-98 • Philippine Stock Exchange • Circulars for Brokers • Feb 2, 1998

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February 2, 1998 PSE CIRCULAR FOR BROKERS NO. 020-98 30 January 1998 PHILIPPINE STOCK EXCHANGE, INC. Philippine Stock Exchange Center Exchange Road, Ortigas Center Pasig City, Metro Manila Attention : Atty . Ruben L . Almadro Vice President Compliance and Surveillance Department Gentlemen : We refer to your letter dated 30 January 1998, informing us of an alleged "unusual movement" in the trading of our shares. Upon advice of management, we wish to inform you that we are unaware of any event or transaction which may have caused the aforesaid unusual movement. Likewise, we do not know of any information, material or otherwise, which affected or may affect the value and trading of our shares. LLjur We request that we have sufficiently addressed your query and accordingly complied with your requirements. Very truly yours, (SGD.) PATRICIA A. O. BUNYE Assistant Corporate Secretary

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