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First Orient Securities, Inc. Cleared of Its Obligations to Dharmala Securities Philippines, Inc.

PSE Memo for Brokers No. 330-98 • Philippine Stock Exchange • Memo for Brokers • Jul 23, 1998

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July 23, 1998 PSE MEMO FOR BROKERS NO. 330-98 SUBJECT : First Orient Securities, Inc. cleared of its obligations to Dharmala Securities Philippines, Inc . Please be informed that First Orient Securities, Inc. has been cleared of its obligations with Dharmala Securities Philippines, Inc., and therefore, please disregard any other news on this matter from hereon. For your information. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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