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PSE Circular for Brokers No. 2527-99

PSE Circular for Brokers No. 2527-99 • Philippine Stock Exchange • Circulars for Brokers • Oct 6, 1999

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October 6, 1999 PSE CIRCULAR FOR BROKERS NO. 2527-99 October 5, 1999 Philippine Stock Exchange PSE Center, Exchange Road Ortigas Center, Pasig City Attention: Ms . Grace B . de Guia Assistant Manager Disclosure Department Gentlemen: In reference to your facsimile dated October 05, 1999 regarding the news item in the Philippine Daily Inquirer entitled "Far East Bank, BPI move closer to clinching merger", we confirm that there will be a Special Board Meeting today. Goldman Sachs will present the various strategic options available to the Bank. There is as yet no decision to merge with BPI. We trust that we have clarified the Bank's position on this matter. Thank you. Very truly yours, (SGD.) ANGELITA L. ORTEGA-CORTEZ First Vice President and Corporate Secretary

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