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Letter of Vantage Securities Corporation

PSE MEMO FOR BROKERS NO. 025-99 • Philippine Stock Exchange • Memo for Brokers • Jan 14, 1999

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January 14, 1999 PSE MEMO FOR BROKERS NO. 025-99 SUBJECT : Letter of Vantage Securities Corporation The Exchange is in receipt of a letter from Mr. Rio Sensinado E. Venturanza of Vantage Securities Corporation and is quoted hereunder as follows: "Please be advised that, except for Ms. Hywel P. Angeles who has a pending labor case docketed as NLRC-NCR Case No. 00-06-04705-98, all former employees of Vantage Securities Corp. ("Company") have submitted to the Company the pertinent clearance requirements covering all transactions arising from their trading operations with the Company. Accordingly, said employees except for Ms. Angeles have been issued clearances by the company to join other member-firms." For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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