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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 130-98 • Philippine Stock Exchange • Memo for Brokers • Mar 13, 1998

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March 13, 1998 PSE MEMO FOR BROKERS NO. 130-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : ABN AMRO Asia Securities (Phils.), Inc. ABN AMRO ASIA SECURITIES ( PHILS . ), INC . has informed the Exchange on March 10, 1998 that MS . PAOLA KRISTINA TEODORO of Institutional Sales is no longer connected with the company effective February 28, 1998. Clearance in favor of Ms . Teodoro to join another member-firm is still being processed. For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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