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JG Summit Holdings, Inc.

PSE Circular for Brokers No. 2775-98 • Philippine Stock Exchange • Circulars for Brokers • Dec 16, 1998

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December 16, 1998 PSE CIRCULAR FOR BROKERS NO. 2775-98 SUBJECT : JG Summit Holdings, Inc . JG Summit Holdings, Inc. ("JGS") clarified to the Exchange a news article published in the December 12, 1998 issue of the Manila Times, which reported that JGS gets (3) three offers to buy Apo Cement. JGS, through its letter dated December 14, 1998, explained that: ". . . JGS confirms that it has received several indicative, non-binding offers from potential investors to buy into APO Cement Corporation, a 99.9%-owned subsidiary of JGS. JGS is carefully studying these offers and has yet to decide on whether or not to accept any of the offers." LibLex For your information. (SGD.) JOSE LUIS U. YULO, JR. President and CEO

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