PSE Circular for Brokers No. 1680-98

July 21, 1998 PSE CIRCULAR FOR BROKERS NO. 1680-98 July 20, 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 17 July 1998 MVC shares detailed herein-below: cdll No. of Shares Price Total Amount of Purchase 270,000 P0.46 P124,200.00 90,000 0.45 40,500.00 50,000 0.48 24,000.00 20,000 0.47 9,400.00 (SGD.) MA. MELVA E. VALDEZ Corporate Secretary Subscribed and sworn to before me on this 20th day of July 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 31, 1998 PTR NO. 1272239/1-21-99 MAKATI CITY Doc. No. 342; Page No. 76; Book No. II; Series of 1998.