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PSE Circular for Brokers No. 453-98

PSE Circular for Brokers No. 453-98 • Philippine Stock Exchange • Circulars for Brokers • Mar 24, 1998

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March 24, 1998 PSE CIRCULAR FOR BROKERS NO. 453-98 March 20, 1998 PHILIPPINE STOCK EXCHANGE Exchange Road Ortigas Commercial Center Pasig City Attention : Surveillance and Monitoring Department Gentlemen : Please be advised that on March 20, 1998, Filinvest Development Corporation ("FDC") served notice to East Asia Power Resources Corporation of FDC's exercise of its option to convert its outstanding United States Dollar-denominated loans and advances to the East Asia Power Group in the aggregate principal amount of $41,570,194, together with interest accrued thereon up to the option exercise date, into common shares of East Asia Utilities Corporation. LLphil Very truly yours, (SGD.) DANTE T. RAMOS Corporate Secretary

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