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Philippine Stock Exchange

PSE Circular for Brokers No. 137-98 • Philippine Stock Exchange • Circulars for Brokers • Feb 16, 1998

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February 16, 1998 PSE CIRCULAR FOR BROKERS NO. 137-98 February 13, 1998 PHILIPPINE STOCK EXCHANGE Compliance & Surveillance Group Philippine Stock Exchange Center Exchange Road, Ortigas Center Pasig City, Metro Manila Attention : Joselito V. Santos Acting Head Gentlemen : In response to your inquiry, please be informed that we have no knowledge or information about any significant factor that could have affected the marked fluctuation of the prices at which our shares of stock are currently being traded in the market. Thank you. Very truly yours, DHARMALA PHILIPPINES, INC. By: (SGD.) FE ELENITA AUSTRIA Senior Vice President

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