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PSE Circular for Brokers No. 1017-99

PSE Circular for Brokers No. 1017-99 • Philippine Stock Exchange • Circulars for Brokers • May 7, 1999

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May 7, 1999 PSE CIRCULAR FOR BROKERS NO. 1017-99 GRACE DE GUIA Assistant Manager Disclosure Department Philippine Stock Exchange, Inc. PSE Center, Exchange Road Ortigas Center, Pasig City Tel. No. 636-0122 loc. 706/812 Fax No. 636-0809 Dear Ms. de Guia : We would like to clarify today's news articles appearing in both the Manila Times and the Philippine Daily Inquirer about RCBC's acquisition of PLDT Preferred Shares. The Subscription Agreement dated March 31, 1999 was transacted by our Trust and Investments Division on behalf of a trust account and is not for RCBC's account. prLL We hope that the above clarifies the matter. (SGD.) CESAR A. RUBIO Executive Vice President

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