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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 238-98 • Philippine Stock Exchange • Memo for Brokers • May 27, 1998

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May 27, 1998 PSE MEMO FOR BROKERS NO. 238-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : I. B. Gimenez Securities, Inc. I . B . GIMENEZ SECURITIES, INC . has informed the Exchange on May 20, 1998 that the following employees are no longer connected with the company: 1. MS. MA. THERESA M. AGAO Control Dep't. Head May 31, 1998 2. MS. LEONORA P. TING Administrative Asst. May 19, 1998 3. MR. OLIVER LIGGAYU Training Officer May 1, 1998 The company has not issued any clearance in favor of the above-mentioned personnel to join another member-firm. cdt For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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