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PSE Circular for Brokers No. 1531-98

PSE Circular for Brokers No. 1531-98 • Philippine Stock Exchange • Circulars for Brokers • Jul 6, 1998

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July 6, 1998 PSE CIRCULAR FOR BROKERS NO. 1531-98 July 4, 1998 PHILIPPINE STOCK EXCHANGE, INC. Disclosure Department Listings and Disclosure Group 4th Floor, Philippine Stock Exchange Center PSE Center, Exchange Road Ortigas Center, Pasig City Attention: Mr . Reynold P . Ong Vice President Gentlemen : Please be advised that Mr. Andres Soriano III has tendered his resignation as Chairman of the Board of Directors of La Tondea Distillers, Inc. (the "Company") effective as of 2 July 1998. In a press release made 3 July 1998, a copy of which was sent to you on the same date, San Miguel Corporation (SMC) announced that Mr. Soriano had resigned from his directorships in SMC subsidiaries and affiliates, including the Company. For your information. Very truly yours, (SGD.) BARBARA ANNE C. MIGALLOS Corporate Secretary

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