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The Philippine Stock Exchange

PSE Circular for Brokers No. 014-98 • Philippine Stock Exchange • Circulars for Brokers • Feb 2, 1998

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February 2, 1998 PSE CIRCULAR FOR BROKERS NO. 014-98 30 January 1998 The Philippine Stock Exchange Exchange Road, Ortigas Center Pasig, Metro Manila Attention : Ms . Maria Isabel T . Garcia Head, Listing Department Gentlemen : We are pleased to inform you that at the meeting of the Board of Directors of the Bank held today, January 30, 1998, the Board approved the following: 1. Hiring of Mr. Edward D. Sy as Senior Executive Vice President & Chief Operating Officer for the Unibank's Banking Operation; 2. Confirmation of the hiring of Mr. Edgardo M. Herrera for the position of Audit Head, Audit Division; 3. Promotion of Mr. Roberto L. Panlilio to Senior Executive Vice President & Chief Operating Officer for Investment Banking and other Non-banking Subsidiaries; 4. Confirmation of the conversion of the Bank's existing Representative Office in Frankfurt, Germany to a Subsidiary to be known as PCI Express Padala (Frankfurt) GmbH; cdasaia 5. Establishment of the following new branches: a) Intramuros, Manila b) Dasmarias, Cavite c) Colon, Cebu d) San Pedro, Laguna e) Concepcion, Marikina f) Visayas Avenue, Quezon City g) Salcedo Village, Makati h) N. Aquino Ave., Paraaque i) Bajada, Davao City j) Sto. Tomas, Batangas Very truly yours, (SGD.) LUTGARDA C. BAQUIRAN PERALTA Assistant Corporate Secretary

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