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PSE Circular for Brokers No. 619-00

PSE Circular for Brokers No. 619-00 • Philippine Stock Exchange • Circulars for Brokers • Mar 10, 2000

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March 10, 2000 PSE CIRCULAR FOR BROKERS NO. 619-00 March 9, 2000 Philippine Stock Exchange, Inc. Listings and Disclosure Group Philippine Stock Exchange Centre Exchange Road, Ortigas Center Pasig City Attention : Luisa W . Buenaventura Supervisor, Disclosure Department Gentlemen : This has reference to your request for clarification of the news article entitled "SM in talks with Jollibee for 24-hour store venture" published in today's issue of the Business World. We wish to clarify that Jollimart Philippines Corporation, operator of Bingo Convenience stores is not a subsidiary of Jollibee Foods Corporation. Jollimart is a joint venture between the Tan family and the SM Group of Companies. We hope that this clarifies the matter. Thank you. Very truly yours, (SGD.) MIGUELITO JOSE T. NAVARRETE Vice President, Finance

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