Y2K Roll-Over Activities and Schedule

December 16, 1999 PSE MEMO FOR BROKERS NO. 404-99 SUBJECT : Y2K Roll-Over Activities and Schedule As confirmed by the Y2K Committee, please be informed of the following Year 2000 rollover activities and schedules: December 29, 1999 Last trading day of year 1999. 2:00 p.m. ATG performs system backup, prints-hardcopies of databases and performs total systems shutdown December 31,1999 6:00 p.m. Selected ATG staff to report on-site. All other essential ATG staff on standby. ATG Help Desk can be contacted by brokers to report problems. January 1, 2000 12 MN onwards ATG performs machine startup and conducts comprehensive wellness check Brokers can report their wellness status or problems to ATG Help Desk 1:00 - 3:00 P.M. Industry wide simulated trading. System available for testing with brokers and other market participants January 2, 2000 8:00 a.m. ATG performs system startup and check. 9:00 a.m. System available for testing with brokers and other market participants January 3, 2000 9:00 a.m. First trading day of year 2000. The Exchange highly encourages all member brokers to participate in the January 1 and/or 2 mock trading. These trial runs will provide opportunities for possible problems on the Exchange and brokers' systems to be identified and rectified before the first trading day on 3 January 2000. llcd For your information the ATG Help Desk contact numbers are the following: 891-9040 891-9047 891-9042 891-9048 For queries, contact Efren C. Siron at telephone nos. 637-8810 or 891-9043. For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & CEO