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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 091-98 • Philippine Stock Exchange • Memo for Brokers • Feb 25, 1998

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February 25, 1998 PSE MEMO FOR BROKERS NO. 091-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : Lippo Securities, Inc. LIPPO SECURITIES, INC . has informed the Exchange on February 16, 1998 that the following employees are no longer connected with the company effective February 15, 1998: 1. MR. LORENZO UY Marketing Assistant 2. MS. VIDA SAN PEDRO Trader 3. MS. NELIA BELTRAN Head Trader The company has not issued clearances in favor of Mr . Uy and Mmes . San Pedro and Beltran to join another member-firm. For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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