Personnel Movement — Re-Designation

September 1, 1998 PSE MEMO FOR BROKERS NO. 392-98 SUBJECT : Personnel Movement Re-Designation PERIOD COVERED : August 1, 1998 August 31, 1998 NAME OF EMPLOYEE CONCURRENT * /PREVIOUS ** POSITION RE-DESIGNATION EFFECTIVITY EMPLOYER JOYSEN SOPHIA TAGUBA Account Officer * Authorized Clerk August 10, 1998 A & A TEODORO VALTE, JR. Technical Analyst * Authorized Clerk August 10, 1998 A & A LORENZO ROXAS SVP/Gen. Manager ** President July 12, 1998 ATR EDWIN MARQUEZ Dealing Staff ** Telephone Clerk July 10, 1998 Connell GRACE CHUA Equities Dealer ** Central Dealer July 1, 1998 DBS IMELDA SALVACION Accounting Asst. ** Accounting Officer July 1, 1998 DBS REMEDIOS PASIL Executive ** Asst. Manager-Acctg. July 1, 1998 Jardine Fleming TIARRA BRUNHILDE BATILARAN Research Assistant ** Asst. Manager-Research July 1, 1998 Jardine Fleming ALICE GARCIA Acctg. Supervisor ** Head-Accounting July 1, 1998 Kerry JULIE ANNE KAMANTIGUE Admin. Manager/Exec. Asst. to the President ** Office Manager July 1, 1998 Kerry REYNALDO GREGORIO AVP-Mktg. & Research/Salesman ** Agent/Salesman August 17, 1998 Mercantile LEONCIO MAGADIA III Authorized Clerk/Salesman ** Agent/Salesman August 17, 1998 Mercantile SIMEON LORICA, JR. Telephone Clerk ** Authorized Clerk August 1, 1998 RCBC HANS WEE Trainee ** Account Executive August 3, 1998 Securities 2000 ENRIQUE LUY, JR. Vice President * Compliance Officer August 3, 1998 Triton MAY VILLAVICENCIO Office Clerk ** Secretary August 3, 1998 Triton For your information and guidance. LLjur (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer