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Decrease of Apex Share Price

PSE Circular for Brokers No. 1831-98 • Philippine Stock Exchange • Circulars for Brokers • Aug 5, 1998

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August 5, 1998 PSE CIRCULAR FOR BROKERS NO. 1831-98 ATTY. RUBEN L. ALMADRO VP Compliance & Surveillance Dept. Philippine Stock Exchange Inc. PSE Centre, Exchange Road Ortigas Center, Pasig City Fax No. (632) 636-0809 RE : Decrease of Apex Share Price Dear Atty. Almadro : In reply to your letter dated 05 August 1998, copy of which I received by fax transmission this afternoon, please be advised that management has no material information that should warrant the decrease in share price today, 05 August 1998, other than the information contained in the corporation's annual report, copy of which the Exchange was earlier furnished. LLphil Thank you. Very truly yours, (SGD.) CLARENCE D. GUERRERO Asst . Corporate Secretary

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