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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 419-98 • Philippine Stock Exchange • Memo for Brokers • Sep 18, 1998

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September 18, 1998 PSE MEMO FOR BROKERS NO. 419-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : I.B. Gimenez Securities, Inc. I . B . GIMENEZ SECURITIES, INC . has informed the Exchange on September 15, 1998 that its Manager for the Portfolio Management Group, MR . LAWRENCE NAVARRO , is no longer connected with the company effective immediately. LLjur The company has not issued any clearance in favor of Mr . Navarro to join another member-firm. For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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