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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 166-98 • Philippine Stock Exchange • Memo for Brokers • Apr 7, 1998

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April 7, 1998 PSE MEMO FOR BROKERS NO. 166-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : Worldsec International Securities (Philippines), Inc. WORLDSEC INTERNATIONAL SECURITIES (PHILIPPINES), INC . has informed the Exchange on March 25, 1998 that its Research Assistant, MS . MA . LIRIO L . ANG , is no longer connected with the company effective March 20, 1998. The company has not issued any clearance in favor of Ms . Ang to join another member-firm. For your information and guidance. (SGD.) RAFAEL L. LLAVE Chief Operating Officer

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