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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 336-98 • Philippine Stock Exchange • Memo for Brokers • Jul 28, 1998

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July 28, 1998 PSE MEMO FOR BROKERS NO. 336-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : Apex Philippines Equities Corporation APEX PHILIPPINES EQUITIES CORPORATION has informed the Exchange on July 17, 1998 that its Accounting Staff, MS . ADELAIDA PANGANTIHON , is no longer connected with the company effective July 15, 1998. Clearance in favor of Ms . Pangantihon 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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