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PSE Circular for Brokers No. 2649-99

PSE Circular for Brokers No. 2649-99 • Philippine Stock Exchange • Circulars for Brokers • Oct 15, 1999

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October 15, 1999 PSE CIRCULAR FOR BROKERS NO. 2649-99 October 15, 1999 PHILIPPINE STOCK EXCHANGE Philippine Stock Exchange Exchange Road, Ortigas Center Pasig City Attention: Atty . Ruben L . Almadro VP-Compliance & Surveillance Group RE : Request for Disclosure dated 14 October 1999 Gentlemen: We reply to your letter dated 14 October 1999 requesting us to disclose any material Information concerning the movement in trading of BWRC shares today. After verification and queries, we have not found any specific reason for the decrease in the value of shares. Other than information already disclosed to your office, we are not aware of any new information that may have affected the shares. We believe that the trading and prices are a result of regular market forces. Thank you for your attention. Very truly yours, BW RESOURCES CORPORATION By: (SGD.) AGNES H. MARANAN Corporate Information Officer

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