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PSE Circular for Brokers No. 3062-99

PSE Circular for Brokers No. 3062-99 • Philippine Stock Exchange • Circulars for Brokers • Dec 2, 1999

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December 2, 1999 PSE CIRCULAR FOR BROKERS NO. 3062-99 1 December, 1999 The Philippine Stock Exchange, Inc. 4th Floor, Philippine Stock Exchange Centre, Exchange Road, Ortigas Center, Pasig City Attention: Luisa W . Buenaventura Disclosure Department Gentlemen: This has reference to your Fax Message dated 1 December 1999 requesting for clarification or confirmation of the news article entitled "Omico into mass housing" which appeared in today's issue of the Manila Times. cdlex The Company is in negotiations with certain groups relating to various gaming, infrastructure and construction projects. The Company will make appropriate disclosures once agreements are finalized. None of the negotiations however involve the W.T. Gatchalian Group. Sherwin Gatchalian has submitted his resignation as President and Chief Operating Officer effective November 30, 1999. The Board is expected to accept his resignation. LexLib Truly yours, (SGD.) ATTY. PHILIP B. KING Corporate Secretary

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