Personnel Movement — Resignation

January 13, 2000 PSE MEMO FOR BROKERS NO. 018-00 SUBJECT : Personnel Movement Resignation NAME OF PREVIOUS EMPLOYEE POSITION EFFECTIVITY EMPLOYER REMARKS CHERRY S. CRUZ Receptionist December 30, 1999 Aurora Clearance under process VICTORIO L. ONG Salesman December 30, 1999 Aurora Clearance under process PETER R. LEANO Telephone Clerk December 30, 1999 Aurora Clearance under process LYNLEE S. MEDINA Securities Assistant December 30, 1999 Aurora Clearance under process MIRASOL G. LOPEZ Accounting Clerk December 30, 1999 Aurora Clearance under process BLESILA FRILLES Secretary December 31, 1999 DBP - Daiwa Not cleared CHONA LUGTU Accounting Clerk December 5, 1999 GK Goh Clearance under process LEISANNY PERALTA General Clerk December 5, 1999 GK Goh Clearance under process LEO VENEZUELA AVP - Institutional December 16, 1999 GK Goh Clearance under Research process FATIMA M. BUROG Trainee/Authorized January 1, 2000 GK Goh Clearance under Clerk process JULIET S. SUPERIO Accounting Clerk October 15, 1999 Intra- Invest Not cleared MARILENE L. KATIMBANG VP-Research December 31, 1999 Magnum Clearance under process PRISCILO CULABAN Office Assistant December 31, 1999 Magnum Clearance under process FRANCISCO DAVID JR. Salesman December 15, 1999 Orion - Squire Clearance under process BERNARD COMANDANTE Sales Trainee January 3, 2000 Orion - Squire Clearance under process LOVELY ROSE DUMLAO Sales Trainee January 3, 2000 Orion - Squire Clearance under process ALFREDO A. ZOLETA Office Clerk / December 31, 1999 R & L Not cleared Telephone Clerk LUISITO P. PINEDA Driver December 16, 1999 Rizal Not cleared RICHELLE P. RAYMUNDO Accounting Supervisor December 31, 1999 Unicapital Clearance under process RICARDO LUIS G. HILADO Investment Analyst December 8, 1999 Worldsec Not cleared ARTURO C. FERNANDEZ MIS In - Charge December 30, 1999 Worldsec Not cleared For your information and guidance. LibLex (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer