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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 263-98 • Philippine Stock Exchange • Memo for Brokers • Jun 11, 1998

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June 11, 1998 PSE MEMO FOR BROKERS NO. 263-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : All Asiasecurities Management Corporation ALL ASIASECURITIES MANAGEMENT CORPORATION has informed the Exchange on June 3, 1998 that its Managing Trader, MR . JUAN JOSE BERENGUER-TESTA , is no longer connected with the company effective June 1, 1998. LLphil Clearance in favor of Mr . Testa to join another firm is still being processed. For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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