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Personnel Movement — Resignations

PSE MEMO FOR BROKERS NO. 376-99 • Philippine Stock Exchange • Memo for Brokers • Nov 3, 1999

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November 3, 1999 PSE MEMO FOR BROKERS NO. 376-99 SUBJECT : Personnel Movement Resignations PERIOD COVERED : October 1, 1999 October 31, 1999 FROM MEMBER FIRMS: NAME OF FORMER EMPLOYEE POSITION EFFECTIVITY EMPLOYER RUTH CABRERA Clerk September 1, 1999 Sun Hung Kai PAUL GARCIA Accounting Assistant October 14, 1999 Urbancorp Above-mentioned employee transferred to its company's affiliate subsidiary. For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President and Chief Executive Officer

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