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Separation from Office — No Clearance Issued

PSE MEMO FOR BROKERS NO. 079-99 • Philippine Stock Exchange • Memo for Brokers • Feb 18, 1999

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February 18, 1999 PSE MEMO FOR BROKERS NO. 079-99 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : Credit Lyonnais Securities Philippines, Inc. CREDIT LYONNAIS SECURITIES PHILIPPINES, INC. has informed the Exchange on February 2, 1999 that its Managing Director/Corporate Nominee, MR. JOSE ROY BORROMEO, is no longer connected with the company effective January 31, 1999. Clearance in favor of Mr. Borromeo to join another member-firm is still in process. For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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