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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 323-98 • Philippine Stock Exchange • Memo for Brokers • Jul 20, 1998

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July 20, 1998 PSE MEMO FOR BROKERS NO. 323-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : Worldsec International Securities (Philippines), Inc. WORLDSEC INTERNATIONAL SECURITIES (PHILIPPINES), INC . has informed the Exchange on July 8, 1998 that its Marketing Officer, MR . DELANO T . LI , is no longer connected with the company effective June 30, 1998. prLL The company has not issued any clearance in favor of Mr . Li to join another member-firm. For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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