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Separation from Office — No Clearance Issued

PSE MEMO FOR BROKERS NO. 031-99 • Philippine Stock Exchange • Memo for Brokers • Jan 22, 1999

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January 22, 1999 PSE MEMO FOR BROKERS NO. 031-99 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : Angping & Associates Securities, Inc. ANGPING & ASSOCIATES SECURITIES, INC. has informed the Exchange on January 9, 1999 that the following employees are no longer connected with the company: NAME POSITION EFFECTIVITY 1. TINA V. CHAN Agent/Salesman January 1, 1999 2. LESTER B. PIMENTEL Sales Agent Trainee December 31, 1998 3. LINDA E. ROGACION Accountant (Bacolod Br.) December 16, 1998 Clearance in favor of the above-mentioned personnel to join another member-firm is still being processed. cdll For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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