Personnel Movement — New Appointments

May 31, 1999 PSE MEMO FOR BROKERS NO. 193-99 SUBJECT : Personnel Movement New Appointments PERIOD COVERED : May 1, 1999 May 31, 1999 FROM NON-MEMBER FIRMS: NAME OF PRESENT EMPLOYEE POSITION EFFECTIVITY EMPLOYER FERDINAND CORTAL Messenger April 19, 1999 Alpha SHERWIN ESTANISLAO Research Assistant April 12, 1999 Asian Capital GREGORIO ATANACIO Compliance Officer April 1, 1999 Asian Capital TERESITA OCAMPO Treasurer May 3, 1999 Cathay FERNANDO OCAMPO Chairman/President May 3, 1999 Cathay ANTONIO JOSE PERIQUET Managing Director May 1, 1999 Deutsche Morgan LOURDES JALANDONI Consultant-Research May 1, 1999 Deutsche Morgan OOI BEE LENG Director April 19, 1999 G. K. Goh JOHN ERWIN GALANG LAN Administrator April 19, 1999 G. K. Goh RODOLFO TERCE Collector/Messenger April 17, 1999 Globalinks MA. LEILANI OLIVA Receptionist May 18, 1999 Goldstar MARK ANTHONY FLORES Utility Clerk April 16, 1999 PJB Pacific ALFRED AUGUSTO Analyst May 1, 1999 PNB DE GUZMAN BERNARD PARAPARA Messenger April 5, 1999 Pan-Asia CATHERINE CORONEL Telephone Clerk May 10, 1999 Regina Capital ARVIN RAMOS Messenger May 3, 1999 Securities 2000 HAZEL WONG Trainee May 3, 1999 Securities 2000 BERNADETTE VELOSO Telephone Clerk April 5, 1999 Strategic MA. VERONICA PADILLA Executive Secretary March 29, 1999 Strategic OLDARICO YANZON Utility Clerk May 6, 1999 Sun Hung Kai ALICE TAYCO Clerk May 6, 1999 Sun Hung Kai WESLIE GATCHALIAN Marketing and Research May 20, 1999 Wellex Assistant/Alternate Telephone Clerk Above-mentioned personnel were not connected with any member-firm prior to their present employment. For your information and guidance (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer