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PSE Circular for Brokers No. 2631-99

PSE Circular for Brokers No. 2631-99 • Philippine Stock Exchange • Circulars for Brokers • Oct 14, 1999

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October 14, 1999 PSE CIRCULAR FOR BROKERS NO. 2631-99 October 1, 1999 MS. GRACE B. DE GUIA Assistant Manager Disclosure Department PHILIPPINE STOCK EXCHANGE 4th Floor, Philippine Stock Exchange Center Exchange Road, Ortigas Center Pasig City Dear Ms. De Guia: We received today your letter addressed to Mr. Roberto B Jayme, asking us to clarify the news article written by Mr. Gil Cabacungan entitled "ICTSI-led consortium breaks up" published in today's issue of Philippine Daily Inquirer . We wish to inform you that no consortium has been formed or organized to undertake the development of North Harbor. Although several parties, including International Container Terminal Services, Inc. (initially also including United Dockhandlers Inc.), have signified interest in informing a consortium to undertake this project, no formal organization, consortium or company has been established. LibLex We hope that we have set the record straight Please be assured that we shall undertake a full accurate and immediate disclosure to the Philippine Stock Exchange and to the Securities and Exchange Commission when a consortium shall have been organized. Thank you. Very truly yours, (SGD.) NARLENE A. SORIANO Public Relation Manager

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