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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 403-98 • Philippine Stock Exchange • Memo for Brokers • Sep 10, 1998

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September 10, 1998 PSE MEMO FOR BROKERS NO. 403-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : I . Ackerman & Co., Inc. I . ACKERMAN & CO., INC . has informed the Exchange on September 2, 1998 that the following employees are no longer connected with the company effective immediately: NAME POSITION 1. JOSE B. BASILIO, JR. Collector/Messenger 2. IRENEO T. CADELINA Collector/Messenger Clearances in favor of Messrs . Basilio and Cadelina to join another member-firm are still being processed. LLpr For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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