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Personnel Movement — Resignations

PSE Memo for Brokers No. 255-98 • Philippine Stock Exchange • Memo for Brokers • Jun 9, 1998

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June 9, 1998 PSE MEMO FOR BROKERS NO. 255-98 SUBJECT : Personnel Movement Resignations PERIOD COVERED : May 1, 1998 May 31, 1998 NAME OF EMPLOYEE POSITION EFFECTIVITY PREVIOUS EMPLOYER ROMULO CORDOVA Agent April 10, 1998 Abacus-Bacolod JOSELITO DOMINGO Messenger April 30, 1998 Abacus JULY PINEDA Transfer Clerk December 1, 1997 All Asia Securities ANGELITO UNTALAN Encoder May 15, 1998 Alpha LESLIE BETH HALILI Telephone Clerk April 30, 1998 Alpha STEVEN TAN Telephone Clerk May 8, 1998 Alpha LORETO BALABIS Dividend Officer March 13, 1998 Angping ERICSON DEL CASTILLO HRD Manager March 15, 1998 Angping ELENITA INTALAN Finance Head March 31, 1998 Angping MA. CLARINDA MERCADO Asst. Cashier February 28, 1998 Angping JOEL DIZON MIS Technical Asst. April 30, 1998 Asian Capital JONATHAN RAVELAS Head of Sales April 30, 1998 Asian Capital JOSE MARI ULIBARRI Telephone Clerk June 1, 1998 B. H. Chua ELENA GO Head-Settlements April 16,1998 EBC KEUNG HING HUI Sales Agent May 18, 1998 Equitiworld CHRISTINE WOO UY Sales Agent March 20, 1998 Equitiworld JOSE ANTONIO SISON Dealer March 24, 1998 Jardine Fleming REYNALDO MERCADO Floor Trader March 31, 1998 Jardine Fleming MA. CECILE ALEGRID Receptionist April 1, 1998 Jardine Fleming JUAN CARLOS DE ASIS Authorized Trader March 16, 1998 Keppel CARMELO LIMBAGA Investment Analyst May 15, 1998 Keppel JUDGETTE VALENZUELA Research Head May 31, 1998 Lippo CHARLES LEDESMA Chief Economist May 31, 1998 Lippo LEAH BAUTISTA Receptionist May 1, 1998 Lippo JOSE EMMANUEL DE BELEN, JR. General Manager & Compliance Officer May 20, 1998 Meridian ANNA MARIE ZAMORA Sales Asst. April 24, 1998 Merrill Lynch LYNOR IBAEZ Accounting Clerk May 15, 1998 Peregrine CHERYL LIM Sales Manager March 30, 1998 Peregrine BIENVENIDA YLADE Settlement Clerk April 30, 1998 Phil-Progress JOSE EDSER TRINIDAD Sr. Analyst May 13, 1998 PJB Pacific VERN MADAMBA Associate Director May 14, 1998 PJB Pacific LAWRENCE ORCA IT Officer May 18, 1998 PJB Pacific LORELIE INSIGNE Office Clerk/Encoder May 4, 1998 Premium JOSE FRANDEL RECTO Research Analyst May 1, 1998 Rashid Hussain CHERRYL JIMENEZ Personnel Asst. May 13, 1998 Sapphire JOVEN BABAAN Head of Equity Research April 3, 1998 SBC Warburg ANNABELLE DYCHIAO Head of Research May 31, 1998 SocGen-Crosby RAPHAEL MANALAYSAY Corporate Nominee May 16, 1998 SocGen-Crosby LEILA CAGUD Authorized Clerk May 1, 1998 The First Resources EUGENIO ENRIQUEZ Agent April 24, 1998 Tower HONIE VENUS CANONOY Accounting Clerk May 15, 1998 Vantage DOROTHY LIM Maktrade Operator May 15, 1998 Vantage KENNETH NERECINA Deputy Director, Research May 15, 1998 Vickers Ballas JOHN ZARATE Research Analyst May 8, 1998 Vickers Ballas Above-mentioned personnel were issued clearances to join another member-firm by their previous employers. dctai For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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