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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 283-98 • Philippine Stock Exchange • Memo for Brokers • Jun 25, 1998

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June 25, 1998 PSE MEMO FOR BROKERS NO. 283-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : The First Resources Management and Securities Corporation THE FIRST RESOURCES MANAGEMENT AND SECURITIES CORPORATION has informed the Exchange on June 11, 1998 that its Telephone Clerk, Mr . Roberto Carbon , is no longer connected with the company effective May 31, 1998. prLL Clearance in favor of Mr . Carbon 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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