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PSE Circular for Brokers No. 232-99

PSE Circular for Brokers No. 232-99 • Philippine Stock Exchange • Circulars for Brokers • Feb 8, 1999

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February 8, 1999 PSE CIRCULAR FOR BROKERS NO. 232-99 February 8, 1999 PHILIPPINE STOCK EXCHANGE Disclosure Department Listings & Disclosure Group 4th Floor, Phil. Stock Exchange Centre Ortigas Center, Pasig City Attention: Ms . Grace B . de Guia Assistant Manager Gentlemen : We reply to your request telephone for clarification/verification on the news articles captioned "SMC's 1999 net profit to double to P4.43 B" that appeared in today's issue of the Manila Times, p. 17 Section B. and "SMC not to recover in '99-analysts" that appeared on page 2 of Business Today. Please be informed that the Company cannot comment on, nor confirm or deny the reports. The Company will release its 1998 financial results within the month in accordance with legal and regulatory requirements. cdt Very truly yours, (SGD.) FRANCIS H. JARDELEZA Senior Vice - President, General Counsel and Assistant Corporate Secretary

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