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PSE Circular for Brokers No. 669-99

PSE Circular for Brokers No. 669-99 • Philippine Stock Exchange • Circulars for Brokers • Apr 5, 1999

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April 5, 1999 PSE CIRCULAR FOR BROKERS NO. 669-99 March 31, 1999 PHILIPPINE STOCK EXCHANGE, INC . PSE Center, Exchange Road Ortigas Center, Pasig City Attention: Ms . Eileen M . Lacorte Analyst Dear Ms. Lacorte, This refers to your Fax Message dated March 31, 1999 re clarification of news article captioned "Biggest Merger Looms in Local Banking Sector" published in the March 31, 1999 issue of the Business World. Please be advised that all that we expressed was an opinion that any bank would be interested in acquiring another bank, PCIBank included, in response to the BSP governor's directive and the worldwide trend for bank mergers and/or acquisitions. LLphil Very truly yours, (SGD.) ALFREDO P. JAVELLANA II Assistant Corporate Secretary

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