PSE Circular for Brokers No. 2152-99

August 30, 1999 PSE CIRCULAR FOR BROKERS NO. 2152-99 August 27, 1999 PHILIPPINE STOCK EXCHANGE Disclosure Department Listings and Disclosure Group 4/F Philippine Stock Exchange Center PSE Center, Exchange Road Ortigas Center, Pasig City Attention: Ms . Luisa W . Buenaventura Supervisor, Disclosure Department Gentlemen : In compliance with the full disclosure rules, please be informed that the undersigned received a photocopy of a duly notarized Certificate of Sale issued by Notary Public Paul Mar C. Arias done in Pasig City on 04 August 1999 covering the sale of the property subject of foreclosure of real estate mortgage under Act No. 3135 as amended comprising parcels of land, together with all buildings and improvements owned by Gotesco Tyan Ming Development, Inc., a wholly owned subsidiary of Every Gotesco Resources and Holdings, Inc. The foreclosure sale was effected in favor of the mortgagee, the highest and only bidder, Philippine National Bank Trust Banking group as Trustee acting in behalf and for the pro-rata and pari-passu benefit of the creditors, namely: Philippine National Bank, CityTrust Banking Corporation, new Bank of the Philippine Islands, Metropolitan Bank & Trust Company, and United Coconut Planters Bank. EVERY GOTESCO RESOURCES AND HOLDINGS, INC. By: (SGD.) VICENTE VILLA CANONEO Corporate Secretary