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PSE Circular for Brokers No. 388-99

PSE Circular for Brokers No. 388-99 • Philippine Stock Exchange • Circulars for Brokers • Mar 3, 1999

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March 3, 1999 PSE CIRCULAR FOR BROKERS NO. 388-99 March 2, 1999 PHILIPPINE STOCK EXCHANGE, INC . Philippine Stock Exchange Centre, Exchange Road Ortigas Center, Pasig City Metro Manila Attention: Ms Janet J . Alcala/Ms . Grace B . de Guia Disclosure Department Gentlemen : This is with reference your facsimile message dated today requesting for a written confirmation/clarification of the news article captioned "Ayala keen on buying Bonifacio Kind" which appeared in today's issue of the Philippine Daily Inquirer. LLjur Please be advised there are no preliminary discussions ongoing between Ayala Land, Inc. (ALI), and Fort Bonifacio Development Corp. at this time for a possible acquisition of a 64-hectare in Fort Bonifacio. Reports that ALI is interested in developing a "Silicon Valley -type center" are untrue. Very truly yours, (SGD.) MERCEDITA S. NOLLEDO Executive Vice President

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