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Personnel Movement — Resignation

PSE Memo for Brokers No. 402-98 • Philippine Stock Exchange • Memo for Brokers • Sep 8, 1998

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September 8, 1998 PSE MEMO FOR BROKERS NO. 402-98 SUBJECT : Personnel Movement Resignation PERIOD COVERED : August 1, 1998 August 31, 1998 NAME OF EMPLOYEE POSITION EFFECTIVITY FORMER EMPLOYER EFREN DANCEL Trade Invoicing Staff August 10, 1998 Abacus ARNOLD BENGCO Currency Trader August 28, 1998 Citicorp JULIETA FELIPE Accounting Staff August 15, 1998 HDI LEX PON DEBUQUE Accounting Staff August 15, 1998 HDI DIAMONICA DE LA CRUZ Accounting Assistant August 18, 1998 Pryce ESTELA VIGAL Accounting Assistant August 26, 1998 Pryce ANNALYN CAPISTRANO Accounting Assistant August 26, 1998 Pryce RYAN MARK NAVARRO Accounting Assistant August 1, 1998 Pryce AARON BARET Telephone Clerk August 17, 1998 Urbancorp Above-mentioned personnel were transferred to their company's respective affiliate/subsidiary. For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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