Personnel Movement — Re-Designation

March 8, 1999 PSE MEMO FOR BROKERS NO. 111-99 SUBJECT : Personnel Movement Re-Designation PERIOD COVERED : February 1,-1999 - February 28, 1999 ++ THIS SUPERSEDES MEMO FOR BROKERS NO. 105-99 DATED MARCH 1, 1999 . NAME OF CONCURRENT*/PREVIOUS** EMPLOYEE POSITION RE-DESIGNATION EFFECTIVITY EMPLOYER ROLANDO PINEDA Marketing Manager* Authorized Clerk February 3, 1999 First Orient ELIGIO TEEHANKEE (++) President/Corporate Corporate Nominee January 31, 1999 Kerry Nominee** JOHN ALEJANDRINO Marketing Assistant Telephone Clerk February 22, 1999 Wellex RONALD ROMMEL Marketing Executive/ Marketing Executive/ February 17, 1999 Wellex MACAPAGAL (++) Telephone Clerk** Authorized Clerk For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer