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PSE Circular for Brokers No. 1639-99

PSE Circular for Brokers No. 1639-99 • Philippine Stock Exchange • Circulars for Brokers • Jul 6, 1999

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July 6, 1999 PSE CIRCULAR FOR BROKERS NO. 1639-99 July 5, 1999 Compliance & Surveillance Group Philippine Stock Exchange PSE Center, Exchange Road Ortigas Center, Pasig City Attention: Atty . Ruben L . Almadro VP Compliance & Surveillance Grp . Gentlemen : In reply to your letter of July 5, 1999, regarding the unusual increase in the price Of PHILCOMSAT HOLDINGS CORPORATION (PHC) from P0.60 to P0.90 per share, we wish to inform you that we are not aware of any transaction or material information which would account for such increase. cdpr Very truly yours, (SGD.) ROBERTO V. SAN JOSE Corporate Secretary

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