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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 317-98 • Philippine Stock Exchange • Memo for Brokers • Jul 20, 1998

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July 20, 1998 PSE MEMO FOR BROKERS NO. 317-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : DBS Securities Phils., Inc. DBS SECURITIES PHILS ., INC . has informed the Exchange on July 14, 1998 that its Floor Trader , MS . BUENA FE M . MANIULIT , is no longer connected with the company effective June 30, 1998. cdll Clearance in favor of Ms . Maniulit 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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