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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 473-98 • Philippine Stock Exchange • Memo for Brokers • Oct 13, 1998

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October 13, 1998 PSE MEMO FOR BROKERS NO. 473-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : Angping & Associates Securities, Inc. ANGPING & ASSOCIATES SECURITIES, INC . has informed the Exchange on October 5, 1998 that its Cashier, MS . MA . ELENA F . FETIZANAN , and Director for Research, MS . MA . GINA R . TAN , are no longer connected with the company effective September 19 & 21, 1998, respectively. LLcd Clearances in favor of the above-mentioned employees to join another member-firm are still being processed. For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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