PSE Circular for Brokers No. 1480-98

July 1, 1998 PSE CIRCULAR FOR BROKERS NO. 1480-98 June 29, 1998 PHILIPPINE STOCK EXCHANGE DISCLOSURE DEPARTMENT Listing and Disclosure Group 4th Floor, Philippine Stock Exchange Centre PSE Center, Exchange Road Ortigas Centre, Pasig City Gentlemen : This is to certify that pursuant to its buy-back program, Mabuhay Vinyl Corporation purchased on 26 June 1998 MVC shares detailed herein-below: No. of Shares Price Total Amount of Purchase 50,000 P0.44 P22,000 960,000 0.45 432,000 10,000 0.46 4,600 250,000 0.50 125,000 50,000 0.52 26,000 50,000 0.53 26,500 50,000 0.54 27,000 (SGD.) MA. MELVA E. VALDEZ Asst . Corporate Secretary Subscribed and sworn to before me on this 29th day of June 1998, affiant exhibiting to me her Community Tax Certificate No. 09160509, issued at Manila City on January 23, 1998. (SGD.) HUBERT E. MOLINA NOTARY PUBLIC UNTIL DECEMBER 21, 1998 PTR NO. 1272239/1-21-98 MAKATI CITY Doc. No. 283 Page No. 58 Book No. II Series of 1998.