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PSE Circular for Brokers No. 3204-99

PSE Circular for Brokers No. 3204-99 • Philippine Stock Exchange • Circulars for Brokers • Dec 16, 1999

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December 16, 1999 PSE CIRCULAR FOR BROKERS NO. 3204-99 December 15, 1999 Securities & Exchange Commission Director Linda A. Daoang Money Market Department S.E.C. Building, EDSA Mandaluyong City Philippine Stock Exchange Disclosure Department Listing and Disclosure Group 4/F PSE Center, Exchange Road Ortigas Center, Pasig City Gentlemen: Please be informed that the Executive Committee of Ayala Land, Inc., at its meeting held today, 15 December 1999, approved the declaration of a regular cash dividend of P0.03 per share corresponding to the second semester ending 31 December 1999, to all outstanding shares of the Company's capital stock as of record date 14 January 2000, payable on 24 February 2000. The Stock and Transfer Books of the Corporation will be closed for the transfer of shares from 10 January 2000 to 14 January 2000. The above information are being submitted in compliance with the rules of the Securities and Exchange Commission and the Philippine Stock Exchange. Very truly yours, (SGD.) RENATO O. MARZAN Assistant Corporate Secretary

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