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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 252-98 • Philippine Stock Exchange • Memo for Brokers • Jun 5, 1998

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June 5, 1998 PSE MEMO FOR BROKERS NO. 252-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : Paribas Asia Equity PARIBAS ASIA EQUITY has informed the Exchange on May 19, 1998 that the following employees are no longer connected with the company: NAME DESIGNATION EFFECTIVITY 1. MS. REA ACLAN Treasury Staff May 15, 1998 2. MR. CHRISTIAN BUQUIS Messenger - do - 3. MR. WENCESLAO NABUA Trader - do - 4. MS. EMELYN PALMOS Settlement Staff - do - 5. MS. ADORA VERA SORIANO Administrative Asst. - do - 6. MS. ROSANNE TABUENA Secretary - do - 7. MS. THELICA ABAD Salesman May 16, 1998 8. MR. MICHAEL BENGSON Analyst - do - 9. MR. ANGELO CARLO CARRASCOS Analyst - do - 10. MR. MICHAEL JULIAN Salesman - do - 11. MR. DAMIAN KESTEL Analyst - do - 12. MR. JOSE MARI LACSON Analyst - do - 13. MR. NATHAN LOZADA Salesman - do - 14. MS. ELIZABETH MARIE SILVERIO Dealing Asst. - do - Clearances in favor of the above-mentioned employees to join another member-firm are still being processed. For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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