Personnel Movement — Re-Designation

January 7, 1999 PSE MEMO FOR BROKERS NO. 016-99 SUBJECT : Personnel Movement Re-Designation PERIOD COVERED : December 1, 1998 - December 31, 1998 NAME OF CONCURRENT*/PREVIOUS** EMPLOYEE POSITION RE-DESIGNATION EFFECTIVITY EMPLOYER RODOLFO MEDINA Trader** Sales Agent November 30, 1998 ATR MYRA VALDEZ Authorized Clerk** Dealer November 26, 1998 Goldstar MA. JOSEFINA CARPIO Telephone Clerk** Authorized Clerk November 3, 1998 Orion-Squire MARIO MUYCO Telephone Clerk** Authorized Clerk November 3, 1998 Orion-Squire WISDOM SY Telephone Clerk** Authorized Clerk November 3, 1998 Orion-Squire LAWRENCE YU Telephone Clerk** Authorized Clerk November 3, 1998 Orion-Squire RAUL FLORALDE Data Encoder* Telephone Clerk December 4, 1998 Pierce EDUARDO CO LIM, JR Equity Sales Manager* Authorized Clerk December 8, 1998 PJB Pacific DINA GEROCHE Settlement Head* Telephone Clerk December 7, 1998 Probity ELOIZA DINOY Compliance Officer* Director/Treasurer December 18, 1998 UOB For your information and guidance. (SGD.) RAFAEL L. LLAVE Chief Operating Officer