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Approved Application for Corporate Membership

PSE MEMO FOR BROKERS NO. 281-99 • Philippine Stock Exchange • Memo for Brokers • Aug 12, 1999

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August 12, 1999 PSE MEMO FOR BROKERS NO. 281-99 SUBJECT : Approved Application for Corporate Membership MEMBER-FIRM : Alakor Securities Corporation Please be informed that the Board of Governors, in its regular meeting, held on August 11, 1999, approved the application of ALAKOR SECURITIES CORPORATION for Corporate Membership in the Philippine Stock Exchange, Inc. through the transfer of the Exchange Seat registered in the name of Mr. Alfredo C. Ramos. llcd For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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