Personnel Movement — New Appointments

March 3, 1998 PSE MEMO FOR BROKERS NO. 113-98 SUBJECT : Personnel Movement New Appointments PERIOD COVERED : February 1, 1998-February 28, 1998 FROM MEMBER FIRMS : NAME OF EMPLOYEE PRESENT POSITION EFFECTIVITY PREVIOUS EMPLOYER EMPLOYER ADRIEN JOSEPH CHUA UY Salesman February 23, 1998 Dharmala Belson Sec. MICHAEL ANGELO GOTERA Senior Analyst January 15, 1998 Peregrine Sec. DBP-Daiwa THOMAS DAGALA Authorized Clerk September 26, 1997 Marino Olondriz I.B. Gimenez MANUEL LISBONA Authorized Clerk February 1, 1998 Meridian Pan-Asia MARIVIC SUNGA Authorized Clerk November 12, 1997 DBS Securities PJB Pacific MA. CONCEPCION YAO Sales Executive February 23, 1998 JAKA Securities PNB Securities EDUARDO JOSE TRAPAGA Authorized Clerk January 6, 1998 Philippine TA PNB Securities CAROLINE UY PE Vice President February 11, 1998 Philippine TA Sapphire Sec. Above-mentioned personnel have been issued clearances by their former employers to join another member-firm. LLjur For your information and guidance. (SGD.) RAFAEL L. LLAVE Chief Operating Officer