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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 319-98 • Philippine Stock Exchange • Memo for Brokers • Jul 20, 1998

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July 20, 1998 PSE MEMO FOR BROKERS NO. 319-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : Jardine Fleming Exchange Capital Securities, Inc. JARDINE FLEMING EXCHANGE CAPITAL SECURITIES, INC . has informed the Exchange on July 14, 1998 that MS . JOY F . ABECIA is no longer connected with the company effective June 19, 1998. LLjur Clearance in favor of Ms . Abecia 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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