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Separation from Office-No Clearance Issued

PSE Memo for Brokers No. 292-98 • Philippine Stock Exchange • Memo for Brokers • Jul 2, 1998

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July 2, 1998 PSE MEMO FOR BROKERS NO. 292-98 SUBJECT : Separation from Office-No Clearance Issued MEMBER-FIRM : F . Yap Securities, Inc. F . YAP SECURITIES, INC . has informed the Exchange on June 25, 1998 that its Junior Investment Analyst, MS . ANNA MARIE S . SANTIAGO , will no longer be connected with the company effective July 16, 1998. LexLib Clearance in favor of Ms . Santiago 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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