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PSE Circular for Brokers No. 2871-99

PSE Circular for Brokers No. 2871-99 • Philippine Stock Exchange • Circulars for Brokers • Nov 11, 1999

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November 11, 1999 PSE CIRCULAR FOR BROKERS NO. 2871-99 Philippine Stock Exchange PSE Center Exchange Road Ortigas Center, Pasig City Fax No. 636-0809 Attention: Ms. Grace De Guia Asst. Manager, Disclosure Department Gentlemen: In reply to your request for clarifications on the news articles published in the November 11, 1999 issues of the Philippine Daily Inquirer and The Business World which reported that Metropolitan Bank and Trust Company (Metrobank) is in deep negotiations with Solidbanking, Corporation's Filipino investors to gain 21% ownership of the Bank, we wish to clarify that Metrobank is not in deep negotiations with any investor. We also wish to restate that Metrobank is open to any bank acquisition opportunity. cdlex We hope this clarifies the matter. Very truly yours, (SGD.) ANTONIO V. VIRAY Senior First Vice President Asistant Corporate Secretary

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