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Appointment of Acting Corporate Nominee

PSE Memo for Brokers No. 136-98 • Philippine Stock Exchange • Memo for Brokers • Mar 16, 1998

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March 16, 1998 PSE MEMO FOR BROKERS NO. 136-98 SUBJECT : Appointment of Acting Corporate Nominee MEMBER-FIRM : Yamaichi Securities (Philippines), Inc. Please be informed that YAMAICHI SECURITIES (PHILIPPINES), INC ., in its letter-disclosure received by the Exchange on March 11, 1998, has announced that Mr. Junji Okabayashi has resigned as President and Corporate Nominee of the company effective March 6, 1998. Further, the company has designated MS . CYNTHIA PARAS-SANTOS to be the Acting Corporate Nominee effective upon Mr. Okabayashi's resignation. LLjur For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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