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Issuance of Clearance

PSE Memo for Brokers No. 294-98 • Philippine Stock Exchange • Memo for Brokers • Jul 2, 1998

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July 2, 1998 PSE MEMO FOR BROKERS NO. 294-98 SUBJECT : Issuance of Clearance MEMBER-FIRM : Magnum International Securities, Inc. Further to PSE Member-Firm Notice No. 218-98 dated May 12, 1998, MAGNUM INTERNATIONAL SECURITIES, INC . has informed the Exchange on June 26, 1998 that the company has issued clearance in favor of MS . CARINA M . LORICA to join another member-firm. aisadc For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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