Personnel Movement — Re-Designation

February 4, 1998 PSE MEMO FOR BROKERS NO. 055-98 SUBJECT : Personnel Movement Re-Designation PERIOD COVERED : January 1, 1998 January 31, 1998 NAME OFEMPLOYEE CONCURRENT/PREVIOUS POSITION RE-DESIGNATION EFFECTIVITY EMPLOYER JOSEPH GERARD ROMANA Management Trainee Authorized Clerk November 11, 1997 Apex Phils. AGNES ANTONIO Transfer Clerk/Page Girl Transfer/Tel. Clerk January 1, 1998 Fincap Sec. NESTOR TORREROS Messenger Tel. Clerk/Bookkeeper January 1, 1998 Fincap Sec. JIMMY LEGASPI Telephone Clerk Authorized Clerk January 5, 1998 Goldstar Sec. MELVIN VERGARA Telephone Clerk VP Operations January 2, 1998 Guild Sec. JOEL CABRERA Transfer Clerk Telephone Clerk January 14, 1998 HDI Sec. JOSEPH YU Trainee-Trader Advtg./Promotion Officer December 1, 1997 I.B. Gimenez ANTHONY SY Trainee Investment Manager January 1, 1998 I.B. Gimenez ERNESTO LIMCUANDO Chief Accountant Telephone Clerk January 26, 1998 Marian Sec. DANIEL JOSE Sales Trainee Telephone Clerk January 6, 1998 Market Cap. GONZALO ORDOEZ Telephone Clerk Authorized Clerk January 5, 1998 Multi-Grade ANTONIO DIAZ Foreign Settlement Clerk Customer Ledger Clerk December 1, 1997 Peregrine Sec. ROSELLE HERRERA Customer Ledger Clerk Assistant Cashier December 1, 1997 Peregrine Sec. JOANNA PAZ SAN JOSE Assistant Cashier Sales Assistant December 1, 1997 Peregrine Sec. MA. ROMINA VON POSSEL Executive Assistant Telephone Clerk January 5, 1998 Philippine TA TERESITA TENORIO Corporate Action Staff Telephone Clerk January 2, 1998 Securities 2000 JONNEL DE LOS REYES Support Staff Telephone Clerk January 2, 1998 Securities 2000 ALEX PAGALLAMAN Support Staff Telephone Clerk January 2, 1998 Securities 2000 DIANA JEAN REYES Asst. Manager Telephone Clerk January 2, 1998 Securities 2000 EMILIO LABONITE Authorized Clerk Salesman January 15, 1998 Vantage Sec. ELOISA CARANDANG AVP-Settlement VP-Settlement January 20, 1998 Worldsec ANDRES DEL ROSARIO AVP-Corp. Finance VP-Corp. Finance January 20, 1998 Worldsec MA. THERESA ASUNCION Secretary Exec. Sec./Office Adm. January 20, 1998 Worldsec For your information and guidance. cdlex (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer