Personnel Movement — New Appointments

November 3, 1999 PSE MEMO FOR BROKERS NO. 372-99 SUBJECT : Personnel Movement New Appointments PERIOD COVERED : October 1, 1999 October 31, 1999 FROM MEMBER FIRMS: NAME OF PRESENT EMPLOYEE POSITION EFFECTIVITY EMPLOYER EMILIO NERI JR. Economist October 1, 1999 Abacus MARISOL LOPEZ Accounting Clerk October 15, 1999 Aurora LYNLEE MEDINA Assistant Securities Clerk October 15, 1999 Aurora DEBORAH JALBUENA Telephone Clerk October 5, 1999 Belson ELIZABETH ARCHES Accounting Staff October 1, 1999 DBS ROSALISA ALINDAHAO Operations Head October 1, 1999 FEB RAMONA GARCIA Trainee October 25, 1999 Fidelity JOHN UY Telephone Clerk October 19, 1999 GD Tan ABIGAIL CHERYL WU Telephone Clerk October 15, 1999 Globalinks BABYLOU SANCHEZ Management Accountant October 11, 1999 Guoco JOANNE PINEDA Research Assistant September 21, 1999 Guoco JINGLE REYES Bookkeeper November 1, 1999 Investors ANTONIO JOSUE Telephone Clerk October 4, 1999 MDR RAMIRO MAGNO Messenger September 15, 1999 Mark JOEL DY Trainee October 11, 1999 Market Capital LYNOR IBANEZ Accounts Assistant September 8, 1999 Nomura FILOMENA DIZON Compliance Officer/Accountant October 7, 1999 Pierce Interlink RACHEL ANNE VILLARUZ Trainee September 16, 1999 Public MARC REYES Trainee September 16, 1999 Public EDWIN MENDOZA Assistant Manager - Research October 18, 1999 RCBC NATHALIE ANN SO Telephone Clerk October 1, 1999 RCBC CARMENCHU AUSTRIACO Trainee - Institutional Sales October 6, 1999 Rashid Hussain MARIA CELESTE AFRICA Investment Analyst October 1, 1999 Regis AILEEN DE LEON Investment Analyst September 20, 1999 Securities 2000 CHERISE PERLAS Investment Analyst September 20, 1999 Securities 2000 KONRAD TAYAO Trainee September 13, 1999 Securities 2000 LORNA PARADERO Consultant September 7, 1999 Sun Hung Kai LUCY CHUA Telephone Clerk October 1, 1999 Thing On TOMAS APACIBLE Corporate Nominee September 1, 1999 Topwin MARY JOY MELENDRES Chief Executive Officer September 1, 1999 Topwin AURORA FELIZARDO Head of Administration October 1, 1999 Topwin Executive Secretary CARLOS BENEDICT RIVILLA IV Corporate Secretary October 1, 1999 Topwin ROGELIO ARROYO JR. Messenger October 1, 1999 Topwin HENRY LAPADA Guard October 1, 1999 Topwin EMIL MACATANGAY Driver October 1, 1999 Topwin HELENE ORDONEZ Accounting Assistant October 1, 1999 Topwin LORNA VENTURINA Accountant October 1, 1999 Topwin ROWLAND RAVELA Messenger October 1, 1999 Topwin EUNICE PACIFICO Telephone Operator/Receptionist October 21, 1999 Unicapital ERWIN COLETO Manager - Processing Unit Head October 4, 1999 Urbancorp ARMER CAGUIOA MIS Head October 1, 1999 Wealth SHIRLEY BAGSIK Secretary October 1, 1999 Wealth Above-mentioned personnel were not connected with any member-firm prior to their present employment. cdlex For your information and guidance (SGD.) JOSE LUIS U. YULO, JR. President and Chief Executive Officer