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PSE Circular for Brokers No. 1161-98

PSE Circular for Brokers No. 1161-98 • Philippine Stock Exchange • Circulars for Brokers • May 26, 1998

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May 26, 1998 PSE CIRCULAR FOR BROKERS NO. 1161-98 PHILIPPINE STOCK EXCHANGE Tektite Tower, Ortigas Center Pasig, Mandaluyong City Attention: Ms . Maria Isabel T . Garcia Gentlemen : Please be informed that during the Annual Stockholders meeting of Union Bank of the Philippines ("UBP") our Director Jesus R. Montemayor has resigned from the Board effective upon close of the on May 22, 1998. He was replaced by new and incoming director MR. RAMON C. AGUSTINES who was elected during said meeting. For your information and guidance. Thank you. Very truly yours, (SGD.) ATTY. FE B. MACALINO Corporate Secretary, First Vice President and General Counsel

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