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PSE Circular for Brokers No. 2042-99

PSE Circular for Brokers No. 2042-99 • Philippine Stock Exchange • Circulars for Brokers • Aug 17, 1999

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August 17, 1999 PSE CIRCULAR FOR BROKERS NO. 2042-99 August 16, 1999 PHILIPPINE STOCK EXCHANGE, INC . Listings and Disclosure Group Phil. Stock Exchange Centre Exchange Road, Ortigas Center Pasig City Attention: Ms . Grace B . De Guia Asst . Manager, Disclosure Dept . RE : Article in the Manila Standard Regarding BWRC and Bear-Sterns Companies Gentlemen : We write to comply with your letter dated 16 August 1999, received the same day, regarding the above-captioned matter. Please be informed that Bear-Sterns have been making inquiries with BW Resources Corporation (BWRC) regarding possible investment. Talks between the two (2) companies are, however, only at its initial stage and no final agreement has been reached between the two (2) companies. For your information and guidance. Very truly yours, BW RESOURCES CORPORATION By: (SGD.) AGNES H. MARANAN Corporate Information Officer

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