PSE Circular for Brokers No. 1606-98

July 13, 1998 PSE CIRCULAR FOR BROKERS NO. 1606-98 July 10, 1998 Disclosure Department Listings and Disclosure Group 4/F Philippine Stock Exchange Center PSE Center, Exchange Road Ortigas Center, Pasig City Gentlemen : Please be advised that at the meeting of Board of Directors of PCIBank held on 10 July 1998, the following were approved. 1. Retirement/resignation of the following Senior Officer: Name Effective Mr. Jose R. Perez June 30, 1998 Executive Vice President- Institutional Banking Segment Head Mr. Joey A. Bermudez August 01, 1998 Senior Vice President- Retail Banking Segment Head Mr. Manuel C. Tagaza July 01, 1998 Vice President 2. Appointment of Ms. Rebecca Torres to the position of Chief Information Officer/Chief Accountant for the Unibank effective the &h 16th of June 1998. She replaces Mr. Nelson I. Manzanero. 3. Hiring of the following Senior Officers: Name Position Rank Mr. Benjamin P. Castillo Technology and Operations Executive Vice President Group Head Ms. Celia Jessica I. Villarosa Human Resources Management First Vice President Head Ms. Aimee A. Yu Area Credit Marketing Officer- Vice President Central Eastern Visayas Area II 4. Promotion of the following Senior Officers: A. TO ASSISTANT VICE PRESIDENT 1. Antonio C. Castro 2. Alberto M. Pedrosa 3. Carmelito V. Enriquez 4. Luzviminda M. Vidal 5. Felixbello G. Perez 6. Neliza R. Onate 7. Henry A. Matute 8. Alan L. Matutina 9. Pedro C. Samson 10. Cerwina A. Santos 11. Ma. Bella Paguiligan 12. Gracia T. Saulog 13. Manina B. Panopio B. TO VICE PRESIDENT 1. Edward J. Zshornack 2. Adette Inguito 3. Celia M. Sotto C. TO FIRST VICE PRESIDENT 1. Melvin C. Lim 2. Robert W. Sy Thank you for your kind attention. Very truly yours, (SGD.) LUTGARDA C. BAQUIRAN-PERALTA Assistant Corporate Secretary