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Disclosure of Resignation of Chairman/President of PRCI

PSE Circular for Brokers No. 1914-98 • Philippine Stock Exchange • Circulars for Brokers • Aug 18, 1998

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August 18, 1998 PSE CIRCULAR FOR BROKERS NO. 1914-98 August 17, 1998 DISCLOSURE DEPARTMENT Listings and Disclosure Group 4/F Philippine Stock Exchange PSE Center, Pasig City Fax No: 634-2051 Attention: Reynaldo P . Ong VP, Listing & Disclosure Group SUBJECT : Disclosure of Resignation of Chairman/President of PRCI Gentlemen : In compliance with, and pursuant to, the Rules of Disclosure of the Philippine Stock Exchange, the undersigned has just been advised, and hereby informs this Exchange, that Mr . Vicente T . Cualoping and Mr . Manuel Tan Kian See , both members of the Board of Directors, and the latter, likewise serving as Treasurer of Philippine Racing Club, Inc., have tendered their respective resignations effective the close of business hours of August 14, 1998. No replacements have yet been made. LexLib For your information. Very truly yours, (SGD.) ATTY. JESULITO A. MANALO Corporate Secretary

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