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PSE Circular for Brokers No. 871-99

PSE Circular for Brokers No. 871-99 • Philippine Stock Exchange • Circulars for Brokers • Apr 26, 1999

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April 26, 1999 PSE CIRCULAR FOR BROKERS NO. 871-99 April 23, 1999 PHILIPPINE STOCK EXCHANGE, INC . Philippine Stock Exchange Centre Exchange Road, Ortigas Center Pasig City, Metro Manila Attention: Atty . Ruben L . Almadro VP Compliance & Surveillance Group Gentlemen : This refers to your letter of even date which was faxed to PNCC this afternoon requesting us to furnish your office any information relating to the "unusual" movement in trading of PNCC's share today. While year observation that the price of our shares increased by 50%, i.e. from P4.00 to P6.00 per share, came as a pleasant surprise to us, please be advised that we have no material information whatsoever in our records and to the best of our knowledge at this point in time that may have caused the so-called "unusual" movement in the trading of our securities. Again, thank you for the good news. Very truly yours, (SGD.) GLENNA JEAN R. OGAN Corporate Secretary

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