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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 428-98 • Philippine Stock Exchange • Memo for Brokers • Sep 23, 1998

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September 23, 1998 PSE MEMO FOR BROKERS NO. 428-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : Vickers Ballas Securities (Phils.), Inc. VICKERS BALLAS SECURITIES (PHILS . ), INC . has informed the Exchange on September 16, 1998 that the following employees are no longer connected with the company effective September 15, 1998: NAME POSITION 1. CLARIZA CHIA Junior Analyst 2. JOSEFA REIS Research Assistant 3. CHRISTOPHER CRUZ Invoicing Clerk 4. MARIVIC SANTOS Settlements Clerk 5. CLEMENCIO PAGUNSAN Messenger 6. JAIME ORACION Driver 7. JERRY AMAR (deceased) Driver Clearances in favor of the above-mentioned employees to join another member-firm are still being processed. cdt For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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