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PSE Circular for Brokers No. 323-00

PSE Circular for Brokers No. 323-00 • Philippine Stock Exchange • Circulars for Brokers • Feb 11, 2000

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February 11, 2000 PSE CIRCULAR FOR BROKERS NO. 323-00 February 10, 2000 Philippine Stock Exchange, Inc. Disclosure Department Listings and Disclosure Group 4th Floor, Philippine Stock Exchange Center PSE Center, Exchange Road Ortigas Center, Pasig City Attention: Ms . Grace B . de Guia Assistant Manager, Disclosure Dept . Gentlemen : We reply to your request for clarification on the news item entitled "San Miguel in a buying mode" which appeared in the February 10, 2000 issue of the Manila Standard. While it is true that San Miguel Corporation is at the moment looking at other potential acquisitions, none of these are at the stage where a definitive disclosure can be made. When a definitive position is reached, the company will make the necessary announcement. Very truly yours, (SGD.) FRANCIS H. JARDELEZA Senior Vice President-General Counsel

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