Personnel Movement — New Appointments

September 1, 1998 PSE MEMO FOR BROKERS NO. 390-98 SUBJECT : Personnel Movement New Appointments PERIOD COVERED : August 1, 1998 August 31, 1998 FROM NON-MEMBER FIRMS : NAME OF POSITION EFFECTIVITY PRESENT EMPLOYEE EMPLOYER CARLA MAE PASTRANA Accounting Clerk July 22, 1998 ATR ARNOLD BENGCO Currency Trader August 7, 1998 Citicorp JENNIFER WONG Executive Secretary August 24, 1998 DBS BOOBIE ANGELA OCAY Administration-In-Charge August 24, 1998 DBS ANA MARIE SEGOVIA Receptionist August 24, 1998 DBS JOANNE AVELINA DE LA FUENTE Dealer August 3, 1998 DBS HELARIO LERIN Company Driver July 6, 1998 Deutsche Morgan ROSALINDA TIU YAP Telephone Clerk August 12, 1998 Fidelity LORNA CUATICO TAN TANG Asst. Telephone Clerk August 12, 1998 Fidelity ARLENE YAP Ledger Clerk August 1, 1998 F. Yap CLIFFORD CHUA Investment Analyst August 1, 1998 F. Yap RICARDO BARRERA Sales Trainee August 10, 1998 Indosuez WI Carr PATRICK PANG Research Analyst July 16, 1998 Jardine Fleming MARITES CLEMENTE Accounting Assistant July 1, 1998 Kerry ROWENA DE SILVA Executive Secretary July 1, 1998 Kerry MARIO MUYCO Telephone Clerk July 20, 1998 Orion-Squire JOHNNA ROMERO Telephone Clerk July 15, 1993 Orion-Squire JOSE MARI MILO Equity Research Analyst July 27, 1998 PNB BUENVENIDO EUGENIO Driver August 3, 1998 PNB ROSALIE MORELOS Secretary August 4, 1998 PNB ARMINA EMPENO Sales Trainee August 3, 1998 Sun Hung Kai NESTOR SALALIMA Executive Officer August 1, 1998 UOB JONATHAN DAEL Research Trainee/Alt. Tel. Clerk August 1, 1998 UOB BONIFACIO UROT Messenger July 1, 1998 Vicsal LEONILO PAGUIA Driver July 1, 1998 Vicsal HYACINTH PILLER Trainee August 3, 1998 Yaptinchay Above-mentioned personnel were not connected with any member-firm prior to their present employment. LLphil For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer