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PSE Circular for Brokers No. 677-99

PSE Circular for Brokers No. 677-99 • Philippine Stock Exchange • Circulars for Brokers • Apr 6, 1999

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April 6, 1999 PSE CIRCULAR FOR BROKERS NO. 677-99 April 5, 1999 PHILIPPINE STOCK EXCHANGE, INC . PSE Center Exchange Road Ortigas Center, Pasig City Attention: Ms . Luisa Buenaventura Supervisor, Disclosure Department Gentlemen : We are pleased to report that Fil-Estate Properties, Inc., a wholly-owned subsidiary of Fil-Estate Land, Inc. (LND), entered into a Land Development Agreement with Mervic Realty, Inc., Slochi Fishery Enterprises, Inc., and Vicay Realty, Inc. for the development of several parcels of land located in the vicinity of Panghulo Road, Panghulo, Malabon, Rizal, with an aggregate area of 52,1358 hectares, more or less, into a residential subdivision. LLpr Sincerely, (SGD.) ROBERTO S. ROCO Senior Vice President and Chief Financial Officer

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