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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 373-98 • Philippine Stock Exchange • Memo for Brokers • Aug 10, 1998

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August 10, 1998 PSE MEMO FOR BROKERS NO. 373-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : PNB Securities, Inc. PNB SECURITIES, INC . has informed the Exchange on August 5, 1998 that its Driver, MR . EDGAR A . ELUMBRA , is no longer connected with the company effective July 16, 1998. The company has not issued any clearance in favor of Mr . Elumbra to join another member-firm. For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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