Philippine Stock Exchange

PSE Circulars

PSE Circular for Brokers No. 787-00

March 27, 2000

PSE CIRCULAR FOR BROKERS NO. 787-00

March 24, 2000

Atty. Manuel Lopez

OIC - Compliance & Surveillance Group

Philippine Stock Exchange, Inc.

PSE Centre, Exchange Road

Ortigas Center, Pasig City

Metro Manila

Fax No. : 636-0809/637-8811

Dear Atty. Lopez:

We refer to your letter dated today which we received at around 11:15 this morning regarding the unusual movement in the trading of Magnum Holdings, Inc. ("MHI") shares today, 24 March 2000.

We are not aware of any material information that may affect the value and trading of MHI shares except that yesterday, 23 March 2000, we received a notification from Magnum Corporation Berhad (a company incorporated in Malaysia), which is the holding company of Magnum Enterprise Sdn Bhd ("MESB") and Magnum (Guernsey) Ltd ("MGL"), that MESB and MGL have on 23rd March 2000 entered into a conditional sale and purchase agreement for the disposal by MESB and MGL to the Purchaser of an aggregate of Sixty Million And Six Hundred Thousand (60,600,000) ordinary shares with a par value of Philippine Peso One (PhP1.00) each representing an aggregate of Seventy One & 26/100 Percent (71.26%)...

AIC Grande Tower Garnet Road
Ortigas Center, Pasig City
Metro Manila Philippines

Mobile No. +639451244898
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