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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 397-98 • Philippine Stock Exchange • Memo for Brokers • Sep 2, 1998

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September 2, 1998 PSE MEMO FOR BROKERS NO. 397-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : Anscor Hagedorn Securities, Inc. ANSCOR HAGEDORN SECURITIES, INC . has informed the Exchange on August 28, 1998 that its Assistant Manager, MR . MANUEL M . ROSALES , is no longer connected with the company effective July 31, 1998. cdpr The company has not issued any clearance in favor of Mr . Rosales to join another member-firm. For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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