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Compliance and Surveillance Department

PSE Circular for Brokers No. 055-98 • Philippine Stock Exchange • Circulars for Brokers • Feb 5, 1998

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February 5, 1998 PSE CIRCULAR FOR BROKERS NO. 055-98 Compliance and Surveillance Department Philippine Stock Exchange, Inc. Exchange Road, Ortigas Center Pasig City Attention : Atty Ruben L. Almadro Vice President, Compliance & Surveillance Group RE : Uniwide Holdings, Inc. Gentlemen: In reply to your letter-directive dated February 04, 1998 please be informed that Uniwide Holdings, Inc. is not aware of any developments, other than market forces, that could have contributed to the 50.00% increase in the price of the Corporation's shares in the trading today, February 04. Rest assured, we will inform you of any material developments that may occur in the future. Thank you. Very truly yours, (SGD.) MARIA CONCEPCION S. NOCHE Corporate Secretary

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