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Finalizing Deal With Jumbo Palace

PSE Circular for Brokers No. 302-00 • Philippine Stock Exchange • Circulars for Brokers • Feb 9, 2000

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February 9, 2000 PSE CIRCULAR FOR BROKERS NO. 302-00 Philippine Stock Exchange, Inc. Listings and Disclosure Group Philippine Stock Exchange Center Exchange Road, Ortigas Center Pasig City Attention : Ms. Grace B. De Guia Assistant Manager Disclosure Department RE : Finalizing Deal With Jumbo Palace Gentlemen : This is in compliance with your request for a written disclosure on the above-captioned matter. Please be informed that negotiations are still ongoing for the acquisition by BW Resources Corporation of the Floating Restaurant Jumbo Palace. llcd Very truly yours, BW RESOURCES CORPORATION By: (SGD.) JOSE SALVADOR M. RIVERA, JR. Corporate Secretary

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