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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 386-98 • Philippine Stock Exchange • Memo for Brokers • Aug 27, 1998

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August 27, 1998 PSE MEMO FOR BROKERS NO. 386-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : Intra-Invest Securities, Inc. INTRA-INVEST SECURITIES, INC . has informed the Exchange on August 20, 1998 that the following employees are no longer connected with the company effective August 3, 1998: NAME POSITION 1. MR. ALFRED P. DELOS REYES Trading Assistant 2. MS. CECILIA V. VILLANUEVA Transfer Clerk The company has not issued any clearance in favor of Mr. Delos Reyes and Ms. Villanueva to join another member-firm. For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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