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Purchase by Mr. Ho of US$8M Floating Restaurants

PSE Circular for Brokers No. 3237-99 • Philippine Stock Exchange • Circulars for Brokers • Dec 20, 1999

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December 20, 1999 PSE CIRCULAR FOR BROKERS NO. 3237-99 17 December 1999 PHILIPPINE STOCK EXCHANGE, INC. 4th Floor, Philippine Stock Exchange Center, Exchange Road, Ortigas Center, Pasig City Attention: Ms . Luisa W . Buenaventura Supervisor, Disclosure Dept . RE : Purchase by Mr. Ho of US$8M Floating Restaurants Gentlemen: In compliance with your request for disclosure on the above captioned matter, please be informed that BW Resource Corporation is not a party in the purchase of Jumbo Palace by Mr. Ho from Melco. cdll Very truly yours, BW RESOURCE CORPORATION By: (SGD.) JOSE SALVADOR M. RIVERA, JR. Corporate Secretary

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