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Ever Gotesco Resources and Holdings, Inc. ("EVER")

PSE Circular for Brokers No. 2370-98 • Philippine Stock Exchange • Circulars for Brokers • Oct 15, 1998

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October 15, 1998 PSE CIRCULAR FOR BROKERS NO. 2370-98 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 SUBJECT : Ever Gotesco Resources and Holdings, Inc . ("EVER") Gentlemen : In compliance with the Full Disclosure Rules, please be informed that the undersigned was furnished with a photo-copy of a letter dated October 14, 1998 sent by the Philippine National Bank to Gotesco Tyan Ming Development, Inc. ("GTMDI") a fully owned subsidiary of EVER, that the Syndicate-Member Banks, by unanimous decision, did not extend the Memorandum of Agreement which expired on September 7, 1998 relative to the Syndicated Loan granted by the aforecited Syndicate-Member Banks to GTMDI. LibLex Very truly yours, by: (SGD.) VICENTE VILLA CANONEO Corporate Secretary

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