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Separation from Office — No Clearance Issued

PSE MEMO FOR BROKERS NO. 040-98 • Philippine Stock Exchange • Memo for Brokers • Jan 28, 1998

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January 28, 1998 PSE MEMO FOR BROKERS NO. 040-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : Vickers Ballas Securities (Phils.), Inc. VICKERS BALLAS SECURITIES (PHILS . ), INC . has informed the Exchange on January 13, 1998 that its Trader, MR . ROMEO CABINIAN is no longer connected with the Company effective January 15, 1998. The company has not issued any clearance in favor of Mr . Cabinian to join another member-firm. LexLib For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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