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Termination from Office — No Clearance Issued

PSE Memo for Brokers No. 088-98 • Philippine Stock Exchange • Memo for Brokers • Feb 25, 1998

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February 25, 1998 PSE MEMO FOR BROKERS NO. 088-98 SUBJECT : Termination from Office No Clearance Issued MEMBER-FIRM : Apex Philippines Equities Corporation APEX PHILIPPINES EQUITIES CORPORATION has informed the Exchange on February 19, 1998 that its Sales Assistant, MR . VICENTE R . BAUTISTA , has been terminated for cause effective February 17, 1998. The company has not issued any clearance in favor of Mr . Bautista to join another member-firm. For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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