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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 125-98 • Philippine Stock Exchange • Memo for Brokers • Mar 9, 1998

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March 9, 1998 PSE MEMO FOR BROKERS NO. 125-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : Rashid Hussain Securities (Philippine), Inc. RASHID HUSSAIN SECURITIES (PHILIPPINES), INC . has informed the Exchange on March 4, 1998 that MR . RICHARD UNDERWOOD is no longer connected with the company effective February 28, 1998. The company has not issued any clearance in favor of Mr . Underwood to join another member-firm. For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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