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PSE Circular for Brokers No. 1870-99

PSE Circular for Brokers No. 1870-99 • Philippine Stock Exchange • Circulars for Brokers • Jul 28, 1999

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July 28, 1999 PSE CIRCULAR FOR BROKERS NO. 1870-99 GRACE DE GUIA Asst. Manager, Disclosure Department Philippine Stock Exchange Phil. Stock Exchange Center Pasig City Dear Ms. de Guia : Uniwide Holdings, Inc . We. refer to your fax letter today, July 28, 1999, regarding news article entitled "Uniwide gets a new 30-day reprieve on debt payments". cdll There is a pending motion before the Securities and Exchange Commission (SEC) for the extension of the order of the SEC regarding suspension of all claims and actions against the Uniwide Group of Companies. There is likewise, a pending motion for the appointment of a receivership committee in relation to the petition filed by the Uniwide Group. However, to this time, we have not received any formal communication from our legal counsel whether the above motions had been acted upon. We shall be advising the Exchange as soon as we are able to confirm the news article. We hope that the foregoing sufficiently clarifies your inquiry. Very truly yours, (SGD.) SUSAN O. LIGERALDE Investor Relations Officer

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