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March 23, 2000PSE CIRCULAR FOR BROKERS NO. 760-00Date:March 22, 2000     TO:Disclosure DepartmentTel No.: (632) 636-0122)  Philippine Stock ExchangeFax No.: (632) 636-0809    FROM:Randolph T. EstrelladoTel No.: (632)924 4101/415  AVP Finance2272 local 4330   Fax No.: (632)-431-9368     Number of Pages (including cover): Gentlemen:This is connection with your fax message dated March 13, 2000, addressed to Atty. Eric Quiason, regarding the news article entitled 'First Pacific, ABS CBN in talks for buy-in deal?" published in the March 13, 2000 issue of the Business World. TECIaHAlthough the news article itself appears to be merely speculativc, we nevertheless would like to reiterate that ABS-CBN Broadcasting Corporation (ABS-CBN) is not aware of any talks between First Pacific Co. Ltd. (First Pacific) and the Lopez Group concerning the possibility of First Pacific buying into ABS-CBN.As has been our practice in the past and as a policy that we intend to maintain in the future, we will be informing the investing public and the exchange if any matter arises that will have a significant impact on the operations and financial performance of the company.Please...