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Issuance of Clearance

PSE MEMO FOR BROKERS NO. 191-99 • Philippine Stock Exchange • Memo for Brokers • May 31, 1999

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May 31, 1999 PSE MEMO FOR BROKERS NO. 191-99 SUBJECT : Issuance of Clearance MEMBER-FIRM : Goldstar Securities, Inc. Further to PSE Memo for Brokers No. 184-99 dated May 19, 1999, GOLDSTAR SECURITIES, INC . has informed the Exchange on May 26, 1999 that the company has issued clearance in favor of MS. SUSAN MAYBITUIN to join another member-firm . For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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