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Approved Change in Corporate Name

PSE MEMO FOR BROKERS NO. 402-99 • Philippine Stock Exchange • Memo for Brokers • Dec 14, 1999

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December 14, 1999 PSE MEMO FOR BROKERS NO. 402-99 SUBJECT : Approved Change in Corporate Name MEMBER-FIRM : DBP - Daiwa Securities (Phils.). Inc. Please be informed that the corporate name of DBP - Daiwa Securities (Phils.), Inc. has been changed to DBP - DAIWA SECURITIES SB CAPITAL MARKETS PHILIPPINES, INC . and the Board of Governors, in its regular meeting held on December 8, 1999 has taken notice of such change. For your information and guidance. (SGD.) RUBEN L. ALMADRO Officer In Charge

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