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MacroAsia Corporation

PSE Circular for Brokers No. 1844-99 • Philippine Stock Exchange • Circulars for Brokers • Jul 26, 1999

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July 26, 1999 PSE CIRCULAR FOR BROKERS NO. 1844-99 SUBJECT : MacroAsia Corporation MacroAsia Corporation ("MAC") clarified to the Exchange announcements of a 25% stock dividend declaration flashed on Channel 21 of Sky Cable on July 23, 1999. MAC, in a letter to the Exchange, clarified that: "Please be clarified that there is no truth to the announcements being flashed on Channel 21 of Sky Cable to the effect that MacroAsia Corporation has declared a 25% Stock Dividend. In fact, MacroAsia Corporation has no knowledge that there was such an announcement until we have received calls from various shareholders and brokers confirming the same. We are not even aware of the source thereof. . . " For your information. (SGD.) JOSE LUIS U. YULO, JR. President and CEO

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