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PSE Circular for Brokers No. 3272-99

PSE Circular for Brokers No. 3272-99 • Philippine Stock Exchange • Circulars for Brokers • Dec 23, 1999

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December 23, 1999 PSE CIRCULAR FOR BROKERS NO. 3272-99 December 22, 1999 MS. GRACE B. DE GUIA Assistant Manager Listings and Disclosure Group Philippine Stock Exchange, Inc. 4h Floor, Philippine Stock Exchange Centre Exchange Road, Ortigas Center Pasig City Dear Ms. De Guia: This is with reference to your letter dated December 21, 1999 addressed to our Corporate Secretary Atty. Camilo D. Quiason seeking clarification/confirmation of the news article appearing in the Business World entitled "Jimenez buying MERALCO stock?". cdll Please be informed that MERALCO does not possess any information nor is aware of such a transaction as described by the speculative/rumor-mongering article. As you are fully aware, the Company's shares are traded in the open market and as such investors/shareholders do not have to inform the Company of their intention to dispose or acquire shares in the Company provided that such transactions are in compliance with the rules and regulations of the Securities and Exchange Commission and of the PSE. Furthermore, since the article cites certain sources, it would be best to confirm the story from the reporter/writer of the said article. LexLib We hope this letter would satisfy your request for confirmation/clarification of the said news article. Very truly yours, (SGD.) RAFAEL L. ANDRADA Treasurer

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