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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 131-98 • Philippine Stock Exchange • Memo for Brokers • Mar 13, 1998

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March 13, 1998 PSE MEMO FOR BROKERS NO. 131-98 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 the following employees are no longer connected with the company effective February 28, 1998: 1. MR. WILLY MANZANAL Messenger 2. MR. EDGAR ALLAN CASTILLO Network Administrator 3. MR. OVIDIO MEJICA, JR. Settlements Manager 4. MR. JOSE ANTONIO P.S. VALDEZ Economist/Analyst Clearances in favor of Messrs . Manzanal, Castillo, Mejica and Valdez to join another member-firm is still being processed. cdt For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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