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Share Price of BW from P4.95 to P7.40

PSE Circular for Brokers No. 665-00 • Philippine Stock Exchange • Circulars for Brokers • Mar 15, 2000

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March 15, 2000 PSE CIRCULAR FOR BROKERS NO. 665-00 March 14, 2000 THE PHILIPPINE STOCK EXCHANGE Philippine Stock Exchange Center Exchange Road, Ortigas Center, Pasig City Attention: Atty . Jose G . Cervantes Chief Operating Officer RE : Share Price of BW from P4 . 95 to P7 . 40 Gentlemen : We write to comply with your letter dated 13 March 2000 regarding the above-captioned matter. llcd We have no information that could explain the movement in today's trading of BW. Very truly yours, BW RESOURCES CORPORATION By: (SGD.) JOSE SALVADOR M. RIVERA, JR. Corporate Secretary

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