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Compliance and Surveillance Department

PSE Circular for Brokers No. 025-98 • Philippine Stock Exchange • Circulars for Brokers • Feb 2, 1998

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February 2, 1998 PSE CIRCULAR FOR BROKERS NO. 025-98 COMPLIANCE AND SURVEILLANCE DEPARTMENT PHILIPPINE STOCK EXCHANGE, INC. Philippine Stock Exchange Centre Exchange Road, Ortigas Center, Pasig City Attention : Atty . Ruben L . Almadro Officer-in-Charge Gentlemen : Pursuant to the Philippine Stock Exchange Rules on Corporate Disclosure, we would like to inform you of the resignation of Mr. Manuel V. Pangilinan from our Board of Directors. LLjur We trust that you will find the foregoing in order. Thank you. Very truly yours, (SGD.) CRISTINA F. CALLANGAN Assistant Vice President (SGD. JUAN ANTONIO R. LOPEZ Assistant Manager

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