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PSE Circular for Brokers No. 721-00

PSE Circular for Brokers No. 721-00 • Philippine Stock Exchange • Circulars for Brokers • Mar 21, 2000

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March 21, 2000 PSE CIRCULAR FOR BROKERS NO. 721-00 March 20, 2000 Disclosure Department Listings and Disclosure Group 4/F Philippine Stock Exchange Center PSE Center, Exchange Road Ortigas Center, Pasig City Gentlemen : In compliance with your continuing disclosure rule, please be advised that the Board of Investments approved the Company's new copper flotation project involving a production of 3,500 metric tons per day of copper concentrates. The project will be entitled to fiscal and other incentives generally granted to non-pioneer enterprises. Very truly yours, (SGD.) RAY C. ESPINOSA Corporate Secretary

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