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PSE Circular for Brokers No. 1712-98

PSE Circular for Brokers No. 1712-98 • Philippine Stock Exchange • Circulars for Brokers • Jul 24, 1998

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July 24, 1998 PSE CIRCULAR FOR BROKERS NO. 1712-98 July 22, 1998 PHILIPPINE STOCK EXCHANGE PSE Center, Exchange Road Ortigas Center, Pasig City Gentlemen : In connection with your fax inquiry dated July 21, 1998, we have the following answer: 1. Our records show that 24,032,591 Meralco "A" shares are registered in the name of "Land Bank of the Philippines Trust Account #03-131 (Asset Privatization Trust)". 2. We have no direct information on the plan to bid out government-held shares. The matter is a pronouncement of an intention of a shareholder with which Meralco and its management are not privy to. Very truly yours, (SGD.) ATILANO S. GUEVARRA, JR. Assistant Corporate Secretary

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