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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 282-98 • Philippine Stock Exchange • Memo for Brokers • Jun 25, 1998

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June 25, 1998 PSE MEMO FOR BROKERS NO. 282-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : DBS Securities (Phils.), Inc. DBS SECURITIES (PHILS . ), INC . has informed the Exchange on June 16, 1998 that its Assistant Manager/Compliance Officer, MR . MARC F . VIALON , is no longer connected with the company effective June 15, 1998. LLjur Clearance in favor of Mr . Vialon to join another member-firm is still being processed. For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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