PSE Circular for Brokers No. 2624-99

October 14, 1999 PSE CIRCULAR FOR BROKERS NO. 2624-99 October 14, 1999 PHILIPPINE STOCK EXCHANGE, INC . 4/F Phil. Stock Exchange Centre Exchange Center, Ortigas Center Pasig City, Metro Manila Fax no. 636-0809 / 637-8811 Attention: Disclosure Department Listing and Disclosure Group RE : Disclosure Statement Gentlemen: Pursuant to existing rules and regulations requiring the disclosure of relevant events affecting the Corporation that may be of interest to the investing public, we hereby advise that the Board of Directors of APMC, in its meeting held on October 13, 1999 at 6:00 p.m. at Makati City, Metro Manila in which a quorum was present, the Board, by majority concurrence approved the call on all unpaid subscriptions, payable in two (2) equal installments on November 15, 1999, and December 15, 1999, respectively . Please disseminate the above information to your members and the investing public. Very truly yours, (SGD.) PONCIANO K. MATHAY VP & General Manager