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PSE Circular for Brokers No. 2077-99

PSE Circular for Brokers No. 2077-99 • Philippine Stock Exchange • Circulars for Brokers • Aug 20, 1999

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August 20, 1999 PSE CIRCULAR FOR BROKERS NO. 2077-99 Philippine Stock Exchange PSE Center, Exchange Road Ortigas Center, Pasig City Attention: Ms . Grace De Guia Asst . Manager, Disclosure Dept . Gentlemen : This refers to your letter for clarification on the Business World article reporting that Metrobank wants PhilRealty's holdings in iBank as payment for the real estate developer's debts. cdll Please be informed that we deny our interest in being paid by PhilRealty by way of its holdings in iBank. It is not true that we want to be paid by way of a debt-for-property swap. We hope this will clarify matters. Best regards, (SGD.) ALFREDO P. JAVELLANA II SVP/Controller

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