Personnel Movement — Resignations

September 3, 1999 PSE MEMO FOR BROKERS NO. 322-99 SUBJECT : Personnel Movement Resignations PERIOD COVERED : August 1, 1999 August 31, 1999 NAME OF POSITION EFFECTIVITY PREVIOUS EMPLOYEE EMPLOYER RENEE LYNNE TRINIDAD Research Analyst July 31, 1999 Abacus ANA ROWENA MACABUHAY Telephone Clerk June 30, 1999 Angping MARIBEL SEVERINO Sr. Sales Officer August 15, 1999 Angping DONNA TAN ALFONSO Telephone Clerk July 28, 1999 Armstrong TIMOTEO OCAMPO Marketing Executive November 30, 1999 Asiamerit GIL NUNGUID, JR. Messenger August 12, 1999 Asiasec AGNES DEONEDA Accounting Clerk July 31, 1999 ATR-Kim Eng MELANIE SANTOS Senior Analyst June 22, 1999 BNP Prime Peregrine LUIS MIGUEL RIVERA Foreign Settlement Staff August 5, 1999 DBP-Daiwa JANZEN NICOLAE MARQUEZ Dealer/Telephone Clerk July 23, 1999 DBP-Daiwa LOIDA PAPILLA Manager-Compliance and August 15, 1999 Guoco Operation/Accounting JOSEPH PINEDA Director June 30, 1999 Guoco HILARION MIGUEL (*) Auth. Trader & Co. PSE Liaison August 1, 1999 H.E. Benneth SHEELAH MAY JOHNSTON Equities Dealer August 2, 1999 HSBC JOSEPHINE CRUZ Settlements Assistant July 31, 1999 Lippo ALEX HUNG Chairman July 1, 1999 Magnum LESTOR VALDEZ Head-Settlements August 9, 1999 Paribas DERRICK ORNEDO Investment Analyst/SAM August 27, 1999 PCIB JOSE ANTONIO SISON Institutional Sales Dealer August 16, 1999 PJB Pacific BERHARD ALOYSIUS TSAI Sales Officer July 31, 1999 Santander ALFREDO MANALANG Clerk/Messenger July 23, 1999 Thing On FLOR UMALI Accounting Clerk August 15, 1999 Thing On REALIZA BONUS Compliance Clerk July 16, 1999 UOB REGINA MANZANO Assoc. Director/Research Analyst September 16, 1999 Warburg Dillon Read ANTONIO JOSE GARCIA AVP-Marketing & Trading July 15, 1999 Wise RAMON PAOLO SARMIENTO Analyst/Telephone Clerk July 15, 1999 Wise Above-mentioned personnel were issued clearances to join another member-firm by their previous employers. For your information and guidance. (SGD.) CORAZON A. PADUA Officer In Charge (*) Retired