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Philippine Racing Club, Inc.

PSE Circular for Brokers No. 1535-98 • Philippine Stock Exchange • Circulars for Brokers • Jul 6, 1998

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July 6, 1998 PSE CIRCULAR FOR BROKERS NO. 1535-98 SUBJECT : Philippine Racing Club, Inc . Further to Circular No. 1453-98 dated June 29, 1998 pertaining to the sale of Mr. Edgardo B. Espiritu's entire shareholdings in Philippine Racing Club, Inc. ("PRC"), PRC informed the Exchange, in a letter dated July 1, 1998, that the 94,805,437 shares of stock held by Mr. Espiritu was assigned to various transferees. None of the transferees had, by virtue of their respective acquisitions, obtained control of more than ten percent (10%) of the corporation's stock. cdt For your information. (SGD.) REYNOLD P. ONG Vice-President, Listings and Disclosure Group

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