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PSE Circular for Brokers No. 817-99

PSE Circular for Brokers No. 817-99 • Philippine Stock Exchange • Circulars for Brokers • Apr 20, 1999

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April 20, 1999 PSE CIRCULAR FOR BROKERS NO. 817-99 April 20, 1999 Philippine Stock Exchange PSE Center Exchange Road Ortigas Center Pasig City Attention: Ms . Grace de Guia Listing and Disclosure Group Ladies and Gentlemen : We refer to your fax letter requesting us to clarify the news article captioned "Southwestern Bell gives up PLDT partnership bid", published in the April 20, 1999 issue of Philippine Star. We advice that there are on-going discussions with a number of international telecommunication companies, including Southwestern Bell Corporation regarding a possible strategic investment to be made in PLDT. At this time these discussions are still at preliminary stage. should a formal agreement be reached with any of these companies. PLDT will make full disclosure to the Exchange. With kindest regards. Very truly yours, (SGD.) MA. LOURDES C. RAUSA-CHAN

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