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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 393-98 • Philippine Stock Exchange • Memo for Brokers • Sep 8, 1998

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September 8, 1998 PSE MEMO FOR BROKERS NO. 393-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : Vickers Ballas Securities (Phils.), Inc. VICKERS BALLAS SECURITIES (PHILS . ) , INC . has informed the Exchange on August 27, 1998 that its Research Analyst, MS . LEILANI ANTONIO , is no longer connected with the company effective August 17, 1998. Clearance in favor of Ms . Antonio to join another member-firm is still being processed. For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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