PSE Circular for Brokers No. 758-98

April 22, 1998 PSE CIRCULAR FOR BROKERS NO. 758-98 Attention: Mr . Reynold P . Ong Vice President Listings & Disclosure Group Ms . Maria Isabel P . Garcia Head, Listing & Compliance Department TO : Philippine Stock Exchange, Inc. PSE Center, Exchange Road Ortigas Center, Pasig Metro Manila FROM : China Banking Corporation Office of the Corporate Secretary RE : Mr. Alberto Looyuko and Jimmy T . Go DATE : April 14, 1998 MESSAGE : In compliance with your requirement, we are pleased to confirm the information our Ms. Amy De Leon relayed to your Ms. Janet Alcala that we received today the attached undated Notice of Levy on Attachment together with a copy of the Writ of Attachment dated April 14, 1998 issued by the Hon. Zeus C. Abroger in Civil Case No. 98-791 RTC, Makati, Branch 150, entitled "International Exchange Bank vs. Alberto Looyuko, doing business and style of Noah's Ark Sugar Refinery, Noah's Ark Sugar Holdings and Noah's Ark Merchandising and Jimmy T. Go (a.k.a. Jaime T. Gaisano)" affecting the supposed stockholdings of Messrs. Alberto Looyuko and Jimmy T. Go (a.k.a. Jaime T. Gaisano) among others. cdlex We will fax simultaneously said notice and writ to RCBC, our Transfer Agent since January 1998 for their information, and will advise the Sheriff IV Arturo C. Flores of the existence of the Transfer Agency between RCBC and our Bank. Understandably, we are not in a position to make an accurate reply/information on anyone's holdings since transfer instructions are send as a matter of course to Transfer Agents and whatever scant records we have are not up-to-date. Thank you. AUTHORIZED BY: (Illegible portions in PSE file) Vice President Corporate Secretary CIVIL CASE NO. 98-791 INTERNATIONAL EXCHANGE BANK, plaintiff, vs. ALBERTO T. LOOYUKO, doing business under the name and style of Noah' Ark Sugar Refinery, Noah's Ark Sugar Holdings and Noah's Ark Merchandising and Jimmy T. GO (a.k.a. JAIME T. GAISANO), defendants. NOTICE OF LEVY ON ATTACHMENT TO : The Corporate Secretary Chinabanking Corporation Paseo de Roxas, Makati City S i r : YOU ARE HEREBY NOTIFIED that by virtue of the Writ of Attachment dated April 14, 1998, issued by this Court in the above-entitled case, a copy of which is hereto attached and served upon you. LEVY is hereby made on all the rights, claims, shares, interest and participation of the defendants ALBERTO T. LOOYUKO and JIMMY T. GO (a.k.a. JAIME T. GAISANO) over the following shares of stock of Chinabanking Corporation. A. ALBERTO T. LOOYUKO Stock Certificate Nos. 25428, 25430, 25434, 25439, 25441, 25442, 25443, 25444, 26690, 28631, 30986, 32730, 34952, and 36964 B. JIMMY T. GO (a.k.a. JAIME T. GAISANO) Stock Certificate Nos. 25447, 25449, 25450, 26481, 28418, 30916, 32501, 34697 and 36713 cdll Please Make the proper annotations in the books of your office. Makati City, April _____ 1998 (SGD.) ARTURO C. FLORES Sheriff IV CIVIL CASE NO. 98-791 INTERNATIONAL EXCHANGE BANK, plaintiff, vs. ALBERTO T. LOOYUKO, doing business under the name and style of Noah's Ark Sugar Refinery, Noah's Ark Sugar Holdings and Noah's Ark Merchandising and JIMMY T. GO (A.K.A. JAIME T. GAISANO), defendants. WRIT OF ATTACHMENT TO : ARTURO C. FLORES Deputy Sheriff GREETINGS : WHEREAS, International Exchange Bank, with principal office at Salcedo Towers, 169 H. V. dela Costa Street, Salcedo Village, Makati City, has complained on oath to Zeus C. Abrogar, Presiding Judge of Branch 150, Regional Trial Court, Makati City, that defendant Alberto T. Looyuko, a resident of No. 225 to 227 Country Club Drive, Ayala Alabang Village, Muntinlupa City, Metro Manila, doing business under the name and style of Noah's Ark Sugar Refinery, Noah's Ark Sugar Holdings, and Noah's Ark Merchandising, all with common business address at 2/F Noah's Building, Escolta Street, Manila, had applied, through its President and General Manager, defendant Jimmy T. Go (A.K.A. Jaime T. Gaisano), whose address is at No. 8 Cattleya Street, Valle Verde Subdivision, Pasig City, and was granted an Omnibus Credit Line; that in order to secure the said obligation, defendants Alberto T. Looyuko and Jimmy T. Go executed a Surety Agreement dated December 21, 1995 wherein they obligated and bound themselves to be solidarily liable with the plaintiff; that said financial obligation was also covered by six (6) trust receipts; that defendants, however, failed to account for and to deliver to the plaintiff the proceeds of the sale of the sugar quedans subject matter of the trust receipts; that in furtherance of their deceit, defendants even posted as additional security a real property in Escolta, Manila, knowing all the while that the same had already been used as collateral for another loan from some other party, thus, both defendants are guilty of fraud; cdt WHEREAS, security has been given by the plaintiff, according to the Rules of Court of the Philippines, in the form of Plaintiff's Bond issued by UCPB General Insurance Co., Inc. under UGIC Bond No. JCL(4) 0037, dated April 7, 1998, in the amount of P103,680,000.00. I, THEREFORE, command you that you attach the estate, real and personal, of the said defendants that may be attached pursuant to the Rules, to the value of the said demands and costs of suit and that you safely keep the same according to these Rules, unless the defendants give security to pay such judgment as may be recovered in the said action in the manner provided by the Rules of Court, and return this writ with your proceedings endorsed thereon. WITNESS MY HAND this 14th day of April, 1998, in the City of Makati. (SGD.) ZEUS C. ABROGAR Judge