PSE PSE Circular for Brokers No. 2141-99

August 27, 1999 PSE CIRCULAR FOR BROKERS NO. 2141-99 August 27, 1999 Philippine Stock Exchange, Inc . Disclosure Department Listings and Disclosure Group 4th Floor, Philippine Stock Exchange Center PSE Center, Exchange Road Ortigas Center, Pasig City Attention: Ms . Luisa W . Buenaventura Supervisors, Disclosure Dept . Gentlemen : We reply to your request for clarification on the news item entitled "SMC now eyeing Foster's" published in the today's issue of the Business World. While it is true that San Miguel Corporation is at the moment looking at other business opportunities, none of these are at the stage where a definitive disclosure can be made. When a definitive position is reached, the company will make the necessary announcement. Very truly yours, (SGD.) FERDINAND K. CONSTANTINO Corporate Information Officer