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PSE Circular for Brokers No. 2478-99

PSE Circular for Brokers No. 2478-99 • Philippine Stock Exchange • Circulars for Brokers • Oct 1, 1999

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October 1, 1999 PSE CIRCULAR FOR BROKERS NO. 2478-99 MS. GRACE B DE GUIA Asst. Manager, Disclosure Department The Philippine Stock Exchange, Inc. 4/F PSE Centre, Exchange Road Ortigas Center, Pasig City RE : Clarification of Philippine Daily Inquirer article Dear Ms. De Guia: We wish to confirm that Colony Capital, Inc. is keen on doubling its stake in Megaworld and has started to purchase secondary shares of Megaworld. Colony Capital, Inc. will make the appropriate disclosure to the Exchange as soon as it acquires beneficial ownership of more than ten percent (10%) of Megaworld's outstanding capital stock. Thank you. Very truly yours, (SGD.) FRANCISCO C. CANUTO Duly Authorized Signatory

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