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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 249-98 • Philippine Stock Exchange • Memo for Brokers • Jun 5, 1998

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June 5, 1998 PSE MEMO FOR BROKERS NO. 249-98 *THIS SUPERCEDES MEMO FOR BROKERS NO . 244-98 DATED MAY 27, 1998 . SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : Vantage Securities Corporation VANTAGE SECURITIES CORPORATION has informed the Exchange on June 2, 1998 that the following employees are no longer connected with the company effective May 15, 1998: 1. MS. NICOLE KATIGBAK Salesman 2. MS. MICHELLE PO Sales Trainee & Maktrade Operator The company has not issued any clearance in favor of Mmes . Katigbak and Po to join another member-firm. cdlex For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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