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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 291-98 • Philippine Stock Exchange • Memo for Brokers • Jul 2, 1998

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July 2, 1998 PSE MEMO FOR BROKERS NO. 291-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : Connell Securities, Inc. CONNELL SECURITIES, INC . has informed the Exchange on June 23, 1998 that its Branch Assistant in their branch office in Cagayan de Oro City, MR . GILBERT A . UY, JR ., is no longer connected with the company effective March 9, 1998. LLphil Clearance in favor of Mr . Uy 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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