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Philippine Stock Exchange Centre

PSE Circular for Brokers No. 057-98 • Philippine Stock Exchange • Circulars for Brokers • Feb 5, 1998

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February 5, 1998 PSE CIRCULAR FOR BROKERS NO. 057-98 Philippine Stock Exchange Centre Exchange Road, Ortigas Center Pasig City, Metro Manila Attention : Mr Rafael L. LLave Chief Operating Officer Gentlemen: Reference is made to your letter dated February 4, 1998, which we received this afternoon. In relation thereto, please be informed that the management of Imperial Resources, Inc. is not in any possession of nor is it aware of any material information which may affect the value and trading securities of Imperial Resources, Inc. contributing to the alleged unusual movement in the trading of its shares within today. Thanking you, we are. Very truly yours, IMPERIAL RESOURCES, INC. By: (SGD.) VICENTE R. ACSAY Corporate Secretary

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