Personnel Movement-Resignations

February 2, 2000 PSE MEMO FOR BROKERS NO. 044-00 SUBJECT : Personnel Movement-Resignations PERIOD COVERED : January 1, 2000-January 31, 2000 NAME OF PREVIOUS EMPLOYEE POSITION EFFECTIVITY EMPLOYER GERALD BALDIVIA Senior Analyst December 31, 1999 ATR-Kim Eng SAHRAGIN LUISTRO Information System Associate December 7, 1999 Abacus MARITESS LACERNA Securities Settlements Staff December 17, 1999 Abacus ALEXANDER TIMBOL Independent Agent January 3, 2000 All AsiaSecurities EUGENE CHAM Research Assistant December 29, 1999 Asia Pacific Capital KENNETH NERECINA Head of Research January 15, 2000 Asiasec ARMAND UNSON (*) Authorized Trader November 15, 1999 BPI CIELITO MILLAR Telephone Clerk/Messenger December 31, 1999 Cathay HOMER ANICETO AVP-Sales January 1, 2000 DBP-Daiwa BEN RUBEN LINO Data Encoder/Telephone Clerk December 31, 1999 Equitiworld FERNANDO CHUA Director/Corporate Secretary/ November 30, 1999 Equitiworld Personnel Manager DEVINA MUPAS Accountant January 3, 2000 Luys ROSELYN REGALADO Corporate Finance Officer November 29, 1999 OCBC PATRICIA CACHOLA Receptionist December 29, 1999 Orion-Squire ANA CHARISMA YABUT Receptionist January 12, 2000 PJB Pacific YANG WAI Trader/Salesman January 17, 2000 Pierce Interlink JESUS GALAROSA Trader/Salesman January 17, 2000 Pierce Interlink JOSE SALAK Trader/Salesman January 17, 2000 Pierce Interlink ERLINDA DE LOS ANGELES Trader/Salesman January 17, 2000 Pierce Interlink OSCAR MARTINEZ Salesman December 31, 1999 Public ALMA PARAISO Operations Manager December 31, 1999 Public JOSEPHINE RAFER Treasurer December 2, 1999 Public SUSANA HAO Trader January 17, 2000 Quality Investments SONIA ABADILLA Telephone Clerk January 24, 2000 Quality Investments JONATHAN SIONGCO Assistant Accounting Clerk December 15, 1999 R & L JUVYLINE CELESTINO Data Encoder December 15, 1999 R & L WASHINGTON DY Telephone Clerk December 31, 1999 R & L DONATO BALATAZO Maintenance February 1, 2000 Rizal WILFREDO BARTOLOME Messenger/Driver February 1, 2000 Rizal MA. LUISA BISNAR Senior Accounting Assistant February 1, 2000 Rizal RAUL JOSEPH KABIGTING Trader/Research Analyst February 1, 2000 Rizal MARGARITA LUCIANO Settlements Officer II February 1, 2000 Rizal MAYNALD ROMERO Messenger February 1, 2000 Rizal CYNTHIA SANTOS EVP & COO February 1, 2000 Rizal AMELIA SUBILLAGA Accounting Assistant February 1, 2000 Rizal ANTONIETTA TAGHOY Settlements Officer I February 1, 2000 Rizal JENNIFER LUY Analyst December 13, 1999 SG BARIE DIY Analyst December 31, 1999 SG DARIO LUMANAS Messenger January 10, 2000 Solar LORNA PARADERO Consultant December 15, 1999 Sun Hung Kai ADELINE LIM Authorized Clerk January 3, 2000 Triton ERNESTO RULLODA JR. Trader November 19, 2000 Urbancorp GLENDA DEL VALLE Bookkeeper December 31, 1999 Vicsal JOANNE DEL CASTILLO Marketing Assistant January 3, 2000 Wellex Above-mentioned personnel were issued clearances to join another member-firm by their previous employers. For your information and guidance. * Resigned due to disability. (SGD.) JOSE LUIS U. YULO, JR President & Chief Executive Officer