Personnel Movement — Resignations

December 14, 1999 PSE MEMO FOR BROKERS NO. 400-99 SUBJECT : Personnel Movement Resignations PERIOD COVERED : November 1, 1999 November 30, 1999 FROM MEMBER FIRMS: NAME OF POSITION EFFECTIVITY PREVIOUS EMPLOYEE EMPLOYER LIGAYA JOY FELIX Administrative Assistant October 31, 1999 Abacus ARNEL ZURITA Independent Agent November 8, 1999 All AsiaSecurities ARTHUR GIMENEZ Independent Agent November 8, 1999 All AsiaSecurities WARREN CHUA Research Analyst October 24, 1999 Angping JUANITO LEGASPI Authorized Trader October 15, 1999 BPI IVY CHU Authorized Trader October 15, 1999 BPI RANDY ANG Telephone Clerk October 29, 1999 HDI IRIS CLAIRE DE VERA Junior Specialist October 30, 1999 Keppel JULIE ANNE MARIE VILLENA Research Analyst October 15, 1999 Magnum CHARLIE LIU Sales Trainee October 19, 1999 Orion-Squire RENE JOSEPH NER Assistant Vice President October 31, 1999 Papa WALTER QUIJANO Marketing Assistant/IT Manager November 12, 1999 Topwin HENRY LAPADA Guard November 12, 1999 Topwin LORNA VENTURINA Accountant November 12, 1999 Topwin ROGELIO ARROYO JR Messenger November 12, 1999 Topwin ANA LIZA PEA Head of Trading November 12, 1999 Topwin HELENE ORDONEZ Accounting Assistant November 12, 1999 Topwin ROWLAND RAVELA Messenger November 12, 1999 Topwin ROMMEL MAGLENTE Messenger November 12, 1999 Topwin ELVIRA AGUILAR Head-Credit & Collection November 12, 1999 Topwin AURORA FELIZARDO Head of Administration/ November 12, 1999 Topwin Executive Secretary PAULINE TAN President/Director October 30, 1999 Topwin JEAN PAUL SYJUCO Research Assistant October 25, 1999 Unicapital SALVACION HERNANDEZ Manager-Processing Unit Head October 29, 1999 Urbancorp CONCEPCION BALILA Processing Section Head October 29, 1999 Urbancorp MA. VICTORIA QUILOP Research Secretary November 1, 1999 Warburg Dillon Read EDNA DE LEON Telephone Clerk/Office Clerk November 3, 1999 Wong Above-mentioned personnel were issued clearances to join another member-firm by their previous employers. For your information and guidance; (SGD.) RUBEN L. ALMADRO Officer In Charge