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PSE Circular for Brokers No. 2524-99

PSE Circular for Brokers No. 2524-99 • Philippine Stock Exchange • Circulars for Brokers • Oct 6, 1999

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October 6, 1999 PSE CIRCULAR FOR BROKERS NO. 2524-99 October 5, 1999 PHILIPPINE STOCK EXCHANGE, INC . Philippine Stock Exchange Center Exchange Road, Ortigas Center Pasig City, Metro Manila Attention: Mr . Ruben L . Almadro Vice President Compliance and Surveillance Group Gentlemen: In response to your query concerning the unusual movement of the share price of Atlas Fertilizer Corporation (the "Corporation") shares during the trading hours on 5 October 1999, we advise that the investment opportunity which the Corporation is presently looking into as declared in its disclosures dated 1 October 1999 and 4 October 1999, refers to us negotiations with certain shareholders of the company operating the Bingo Bonanza games in SM and other malls. However, as indicated in our previous disclosures no definitive agreement has been signed and negotiations are still in the preliminary stages. Very truly yours, (SGD.) EDELINE G. RAMOS Corporate Secretary

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