Additional Y2K Reminders

December 28, 1999 PSE MEMO FOR BROKERS NO. 407-99 SUBJECT : Additional Y2K Reminders As confirmed by the Y2K Committee, please be informed that as part of the PSE Y2K Contingency Plan, all outstanding Good 'Till Canceled (GTC) orders will be deleted at the end of trading of 29 December 1999. Thus, there will be no GTC orders on 3 January 2000, the first trading day of the year 2000. Moreover, the Exchange would like to remind all member-brokers to do all the necessary system backups and to print hard copies of all client and stock position records. These hard copies should be provided to the clients. Member-brokers should also maintain copies of the records after the last trading day of year 1999. This is to ensure that backroom operations may be continued in the event of possible problems that may arise during the millennium rollover. The Exchange also 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. For your information, ATG personnel will be on duty to check and monitor the Exchange' and brokers' systems status during the rollover period. You may report any problem to the ATG Help Desk at the following contact numbers: Tel. Nos. 891-9040 891-9047 891 -9042 891 -9048 Pager No. (141) 924910 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