Personnel Movement — Re-Designation

June 9, 1998 PSE MEMO FOR BROKERS NO. 259-98 SUBJECT : Personnel Movement Re-Designation PERIOD COVERED : May 1, 1998 May 31, 1998 NAME OF EMPLOYEE CONCURRENT */PREVIOUS ** POSITION RE-DESIGNATION EFFECTIVITY EMPLOYER ALEXANDER TIMBOL Vice President ** Salesman May 16, 1998 All AsiaSec CHRISTOPHER JOHN HAGEDORN Account Asst. ** Account Manager April 15, 1998 Anscor Hagedorn ALEXANDER IAN KANE Account Asst. ** Account Manager April 15, 1998 Anscor Hagedorn EDUARDO CHUA CHIACO Exec. VP/Gen. Manager * Telephone Clerk April 30, 1998 E. Chua Chiaco CAROLYN CHUA Operations Manager * Telephone Clerk April 30, 1998 E. Chua Chiaco BERNARD CHUA CHIACO Asst. Operations Manager * Telephone Clerk April 30, 1998 E. Chua Chiaco EVANGELINE CHUA CHIACO Information Systems Head * Telephone Clerk April 30, 1998 E. Chua Chiaco VANI LION CHUA Telephone Clerk ** Authorized Clerk April 30, 1998 E. Chua Chiaco GRACE CHUA CHIACO Authorized Trader ** Backroom Staff April 30, 1998 E. Chua Chiaco JERRY AFABLE Messenger ** Bookkeeper May 18, 1998 HK MARION ROSE SALONGA VP-Marketing * Compliance Officer May 22, 1998 Meridian FELIX DEL ROSARIO Authorized Clerk ** Telephone Clerk April 1, 1998 Meridian LUNALEE EMEN Operations Clerk ** Cashier May 21, 1998 OCBC MARIBEL GEROCA Foreign Settlements Clerk ** Accounting Clerk May 27, 1998 OCBC WONG THENG KWAI Telephone Clerk ** Authorized Clerk April 20, 1998 PhileoAllied CYNTHIA GUINTO Executive Asst. ** Personnel & Admin. Manager May 15, 1998 PJB Pacific THEODORE CIOCSON Research Analyst * Telephone Clerk April 29, 1998 Public AIDA BAUDIN Account Officer * Telephone Clerk April 29, 1998 Public CESAR WEE, JR. Trainee ** Filing Clerk April 3, 1998 Triton MARIBEL CHING VP/General Manager * Telephone Clerk May 6, 1998 Wincorp For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer