PSE Circular for Brokers No. 390-00

February 17, 2000 PSE CIRCULAR FOR BROKERS NO. 390-00 February 16, 2000 Philippine Stock Exchange, Inc . Disclosure Department Listings and Disclosure Group 4th Floor, Philippine Stock Exchange Centre Exchange Road, Ortigas Center Pasig City Attention: Ms. Luisita W. Buenaventura Supervisor Disclosure Department Gentlemen: We refer to your fax of today requesting additional information on the Company's planned acquisition of Sugarland. Sugarland is engaged in the business of manufacture, sale and distribution of powdered drink mix and water-gel products. As to the financial statements, we are bound by a confidentiality agreement with Sugarland and cannot release such information without Sugarland's prior written consent. No final agreement has been reached as to the price and the other terms and conditions are still being negotiated by the parties. Very truly yours, (SGD.) FERDINAND K. CONSTANTINO Corporate Information Officer