Personnel Movement — New Appointments

May 31, 1999 PSE MEMO FOR BROKERS NO. 192-99 SUBJECT : Personnel Movement New Appointments PERIOD COVERED : May 1, 1999 May 31, 1999 FROM MEMBER FIRMS: NAME OF PREVIOUS PRESENT EMPLOYEE POSITION EFFECTIVITY EMPLOYER EMPLOYER MYLENE LU Independent Stock- April 26, 1999 Lippo All Asia broker/Agent Securities JOSE ARMANDO Management Trainee April 13, 1999 The First Asian Capital EDUQUE III Resources ABIGAIL LORICA Accountant February 8, 1999 HK BA SUSAN IMPERIAL Managing Director/ April 16, 1999 Sun Hung Kai Cathay Authorized Clerk JUDITH FACUNDO Trader/Ledger Clerk April 16, 1999 Cathay (re-hired) ARLYN JAMIG Bookkeeper/Encoder April 16, 1999 Cathay (re-hired) VANESSA POLUMBARIT Trader/Ledger Clerk May 3, 1999 Angping DBS CAROLINE PE VP-Domestic Sales May 3, 1999 Sapphire DBS ANA PATRICIA HOCSON AVP-Sales April 16, 1999 Strategic G.K. Goh CAROLINE KABIGTING Head of Sales May 17, 1999 Strategic HSBC RONALDO DE LA CRUZ Settlements Officer March 15, 1999 Philippine TA Keppel ERLINDA VILLANUEVA Consultant -April 16, 1999 Lippo (re-hired) ZORINA PURO Accountant -April 16, 1999 Lippo (re-hired) CECILIA CARAGAY Settlements Officer May 3, 1999 Strategic PJB Pacific RICARDO GONZALES Company Driver April 16. 1999 Warburg Dillon PJB Pacific ALEXIS CABEL Sr. Investment Analyst May l 0 1999 G.K. Goh PJB Pacific NEMESIA PIOL Chief Accountant/ May 1, 1999 Wincorp Pierce Interlink Compliance Officer RAMON MANUEL Telephone Clerk April 5, 1999 Alakor Strategic PINEDA SANTIAGO LEE Telephone Clerk April 5, 1999 Cathay Tower BENITO DY Executive Vice-. May 3,1999 Cathay Tower President JOHN FLORES I.T Assistant/ April 26, 1999 Paribas Unicapital Telephone Clerk ALFREDO AGDEPPA JR. Salesman March 29, 1999 Vantage Wealth Above-mentioned personnel have been issued clearances by their former employees to join another member-firm. For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer