Personnel Movement — Resignations

March 31, 1999 PSE MEMO FOR BROKERS NO. 133-99 SUBJECT : Personnel Movement Resignations PERIOD COVERED : March 1, 1999 - March 31, 1999 NAME OF PREVIOUS EMPLOYEE POSITION EFFECTIVITY EMPLOYER JEZEL JAO Marketing Assistant February 15, 1999 ATR JESUS RECASATA III Agent/Independent Stockbroker March 19, 1999 All AsiaSecurities MA. CHRISTELA MORAL Telephone Clerk February 16, 1999 Alpha MELITON GO Agent October 30, 1998 Asiamerit JOSE JAIME LAICO III Asst. Treasurer/Head Trader February 28, 1999 Asiamerit JOCELYN SAULO-RIVERA Secretary March 4, 1999 Asiasec CHRISTINE LADDARAN Fixed Income Trader February 20, 1999 Citicorp RICHARD OLETA Customer Relations Head October 26, 1998 Connell MERLITA PLAMERAS Accounting Assistant February 28, 1999 Deutsche Morgan RAMON CAPALAD Messenger February 28, 1999 Deutsche Morgan SANDY QUA Marketing Assistant January 31, 1999 Dharmala STEPHANIE LIM Office Assistant January 31, 1999 Dharmala NEIL ADRIAN ECOLANGO Accountant January 31, 1999 Dharmala RICHARD PONCE Messenger March 15, 1999 Evergreen MARILYN URRIZA Operations Clerk March 15, 1999 Golden Tower ABIGAIL LORICA Accounting Supervisor January 30, 1999 HK AURORA DAVID Personnel Assistant February 8, 1999 Orion-Squire RODEL DOMDOM Junior Analyst February 8, 1999 Orion-Squire RAE GERONIMO Executive Secretary February 8, 1999 Orion-Squire ALERSON SUAN Accountant February 8, 1999 Orion-Squire HILDA FERNANDEZ Accounting Clerk March 15, 1999 Pierce Interlink PAUL DAMIAN KESTEL Investment Analyst March 15, 1999 SG RICARDO GINEZ Messenger March 18, 1999 SG RICKY OMBE Messenger February 15, 1999 Strategic CECILIA CARAGAY Securities Supervisor February 28, 1999 Strategic ROWENA DAGDAG Floor Trader February 28, 1999 Strategic PERLEE SESE Telephone Operator/Receptionist March 15, 1999 Wealth JOSEPHINE MARIQUIT Telephone Clerk March 1, 1999 Wealth JOHN ALEJANDRINO Marketing Asst./Telephone Clerk March 2, 1999 Wellex NORMANDO QUIA Cashier/Security Head October 31, 1998 Wincorp NEMESIA PIOL Accounting Clerk October 31, 1998 Wincorp MIRZI CHUA Telephone Clerk October 31, 1998 Wincorp MA. CHITA MIGUEL Executive Secretary October 31, 1998 Wincorp EDWIN O' TOOLE Messenger/Collector October 31, 1998 Wincorp STEPHEN HAM Telephone Clerk February 1, 1999 Wong Above-mentioned personnel were issued clearances to join another member-firm by their previous employers. LexLib For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer