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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 234-98 • Philippine Stock Exchange • Memo for Brokers • May 22, 1998

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May 22, 1998 PSE MEMO FOR BROKERS NO. 234-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : UOB Securities (Philippines), Inc. UOB SECURITIES (PHILIPPINES), INC . has informed the Exchange on May 19, 1998 that MR . JOSEPH ALBERT A . GAMBOA is no longer connected with the company effective May 16, 1998. Clearance in favor of Mr . Gamboa to join another member-firm is still being processed. For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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