Non-Compliance with Structured Reportorial Requirements

July 12, 1999 PSE MEMO FOR BROKERS NO. 236-99 SUBJECT : Non-Compliance with Structured Reportorial Requirements As of date hereof, the following listed companies are not in compliance with the structured reportorial requirements of the Exchange for failure to submit their Annual Reports using SEC Form 11-A for the fiscal year ending December 31, 1998 and pay the corresponding fines. 1. Asia Amalgamated Holdings Corporation 2. Uniwide Holdings, Inc. 3. Primetown Property Group, Inc. The following companies, however, have paid their basic fines but are still not in compliance with the structured reportorial requirements of the Exchange for failure to submit their Annual Reports using SEC Form 11-A for the fiscal year ending December 31, 1998 and pay other surcharges: 1. Atlas Consolidated Mining and Development Corporation 2. Polar Mines and Development Corporation The Exchange, upon recommendation of the Listing Committee and approval by the Board of Governors, shall consider implementing a trading halt on the shares of the aforementioned companies on July 20, 1999 , unless compliance with the structured reportorial requirements of the Exchange is made on or before July 19, 1999. For your information. (SGD.) JOSE LUIS U. YULO, JR. President and CEO