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Semirara Coal Corporation

PSE Circular for Brokers No. 438-99 • Philippine Stock Exchange • Circulars for Brokers • Mar 9, 1999

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March 9, 1999 PSE CIRCULAR FOR BROKERS NO. 438-99 SUBJECT : Semirara Coal Corporation This is with reference to Circular No. 1538-98 dated July 7, 1998 pertaining to the Securities and Exchange Commission's (SEC) approval of the change in par value of Semirara Coal Corporation ("SCC") shares from P0.01 per share to P1.00 per share. aisadc Please be informed that the change in the par value of SCC shares will be reflected in the Exchange's computer system (electronic board and ticker) on Thursday, March 11, 1999 . For your information. (SGD.) JOSE LUIS U. YULO, JR. President and CEO

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