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PSE Circular for Brokers No. 384-99

PSE Circular for Brokers No. 384-99 • Philippine Stock Exchange • Circulars for Brokers • Mar 2, 1999

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March 2, 1999 PSE CIRCULAR FOR BROKERS NO. 384-99 March 1, 1999 Disclosure Department Listings and Disclosure Group 4/F Philippine Stock Exchange PSE Center, Exchange Road Ortigas Center, Pasig City Attention: Atty . Ruben L . Almadro VP-Compliance & Surveillance Group Gentlemen : In reply to your letter dated March 1, 1999, please be advised that we are not aware of any information which could have caused the unusual movement in the trading today of the shares of stock of Philcomsat Holdings Corporation, resulting in the decrease of its price by 39.83% from P1.18 to P0.71. cdlex We note that the volume of trading was very limited, as to be relatively insignificant. Thank you Very truly yours, (SGD.) ROBERTO V. SAN JOSE Corporate Secretary

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