Philippine Stock Exchange

PSE Circulars

PSE Circular for Brokers No. 871-98

October 29, 1997

PSE CIRCULAR FOR BROKERS NO. 871-98

Philippine Stock Exchange
4/F PSE Center
Exchange Road
Ortigas Center, Pasig City

Attention: Ms. Maria Isabel T . Garcia
Head, Listing Department

Gentlemen :

In accordance with the rules on listing of the Philippine Stock Exchange relative to the grant of stock option, please be informed that under the Employees Stock Ownership Plan (ESOWN) of Ayala Land, Inc. (ALI), the following qualified employees have availed of the ESOWN effective August 1997, as follows:

No. of shares
Name
(Class "B" shares)
Subscription Price
GARCIA, MA. TERESA P.
13,900
Average PSE Trading rate of
P18.912 for the month of
August 1997
BLAS, JOSEPH DAVID A.
24,400
Average PSE Trading rate of
P18.912 for the month of
August 1997
OROZCO, EDITH A.
18,800
Average PSE Trading rate of
P18.912 for the month of
August 1997

Thank you kindly.

Very truly yours,

(SGD.) RENATO O. MARZAN
Assistant Corporate Secretary

April 03, 1998

Philippine Stock Exchange
4/F PSE Center
Exchange Road
Ortigas Center, Pasig City

Attention: Ms. Maria Isabel T . Garcia
Head, Listing Department

Gentlemen :

In accordance with the rules on listing of the Philippine Stock Exchange relative to the grant of...

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