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San Miguel Corporation

PSE Circular for Brokers No. 1367-99 • Philippine Stock Exchange • Circulars for Brokers • Jun 10, 1999

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June 10, 1999 PSE CIRCULAR FOR BROKERS NO. 1367-99 SUBJECT : San Miguel Corporation San Miguel Corporation ("SMC") clarified to the Exchange a news article entitled "San Miguel reported to be looking at taking a stake in Singapore firm" published in the June 10, 1999 issue of Business World. The article reported that SMC is said to be interested to acquire more than 20% stake of Singapore based Overseas Chinese Banking Corp. in beverage firm Fraser & Neave Ltd. LLpr In its letter, SMC stated that: ". . . There have been no talks between the Company and Overseas Chinese Banking Corp. regarding the beverage firm Fraser & Neave Ltd. . ." For your information. (SGD.) JOSE LUIS U. YULO, JR. President and CEO

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