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JG Summit Holdings, Inc.

PSE Circular for Brokers No. 104-99 • Philippine Stock Exchange • Circulars for Brokers • Jan 21, 1999

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January 21, 1999 PSE CIRCULAR FOR BROKERS NO. 104-99 SUBJECT : JG SUMMIT HOLDINGS, INC . JG Summit Holdings, Inc. ("JGS") clarified to the Exchange a news article published in the January 14, 1999 issue of Business World which reported that JGS, after selling its holdings in the cement business, is now ready to let go of its interest in telecommunications and power generation. JGS, in its letter to the Exchange, stated that: ". . . JG Summit Holdings, Inc. denies the content of the news article stating that it is ready to let go of its interest in telecommunications and power generation. The company has made no such announcement and currently knows of no facts that would justify making such prediction. . . . " dctai For your information. (SGD.) JOSE LUIS U. YULO, JR. President and CEO

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