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Share Re-Purchase

PSE Circular for Brokers No. 1162-99 • Philippine Stock Exchange • Circulars for Brokers • May 24, 1999

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May 24, 1999 PSE CIRCULAR FOR BROKERS NO. 1162-99 TELEFAX MESSAGE To : Ms Isabel Garcia Compliance & Surveillance Dept (PSE) Fax : 02 6360809 Atty. Melva E Valdez The Bengzon Firm From : Alex Cheng Date : 21 May 1999 SUBJECT : Share Re-Purchase This serves to inform you that Keppel Philippines Properties, Inc. (KEP) re-purchased the following shares on 21 May 1999: 20,000 shares at P1.00 (One Peso) per share 10,000 shares at P1.10 (One Peso and Ten Centavo) per share Thank You. Regards, (SGD.) ALEX CHENG TOO HAN Treasurer/VP-Admin .

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