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PSE Circular for Brokers No. 2333-99

PSE Circular for Brokers No. 2333-99 • Philippine Stock Exchange • Circulars for Brokers • Sep 17, 1999

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September 17, 1999 PSE CIRCULAR FOR BROKERS NO. 2333-99 September 16, 1999 Disclosure Department Philippine Stock Exchange 4th Floor, PSE Centre, Exchange Road Ortigas Center, Pasig City Attention: Atty . Ruben L. Almadro VP-Compliance & Surveillance Group Gentlemen : This refers to your fax letter of even date asking for an explanation on the unusual movement in the trading today of the shares of stocks of Armstrong Holdings, Inc. (AHI). Apart from what we have earlier disclosed to the PSE, we think it is already the market forces that are influencing the price of AHI, something that is not within our control. We do not know of other reasons that would cause the sudden change in the price of AHI shares. Thank you. Very truly yours, (SGD.) CHRISTINE P. BASE Assistant Corporate Secretary

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