PSE Circular for Brokers No. 1185-99

May 25, 1999 PSE CIRCULAR FOR BROKERS NO. 1185-99 May 24, 1999 FAX FOR: ATTY . RUBEN L. ALMADRO Vice President Compliance & Surveillance Group Philippine Stock Exchange, Inc. MS. JANET CLOSA Head Compliance & Surveillance Group Philippine Stock Exchange, Inc. MS. JEANNE V. FURBEYRE Compliance & Surveillance Group Philippine Stock Exchange, Inc. MR. CYRUS VALERIANO Compliance & Surveillance Group Philippine Stock Exchange, Inc. Tel. Nos.: 635 2711 636 0122 to 41 loc. 704 Fax No. : 636 0809 / 637 8811 FROM: ATTY. PEDRO T . DABU Assistant Corporate Secretary VITARICH CORPORATION Disclosure Security Code FO-065 This refers to your fax letter of 24 May 1999 which requests VITARICH CORPORATION ("VITA") to "furnish the Exchange any information relating to the unusual movement in trading" of VITA shares on 24 May 1999, and that if VITA is "unaware of any such information, to please also advise the Exchange of the same." LLjur VITA is not aware of any specific reason for the unusual movement in trading of VITA shares. Such movement in trading may be attributed to the recent announcement by VITA of its favorable first quarter results for 1999. This announcement was reported in the newspapers last week. This announcement may have been related to the unusual movement in the trading of VITA shares you have referred to. We trust that the above is sufficient for your purposes.