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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 480-98 • Philippine Stock Exchange • Memo for Brokers • Oct 13, 1998

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October 13, 1998 PSE MEMO FOR BROKERS NO. 480-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : Jardine Fleming Exchange Capital Securities, Inc. JARDINE FLEMING EXCHANGE CAPITAL SECURITIES, INC . has informed the Exchange on October 2, 1998 that the following employees shall no longer be connected with the company effective November 1, 1998: 1. ROSE LUZELLE M. PAPA Institutional Sales Manager 2. SANTOS A. MARILAG, JR. Floor Trader 3. JOSE L. GOJAR, JR. Floor Trader 4. BELLA ROBELLE M. VIVO Sales Support 5. GIL D. CAMACHO Research Analyst 6. MA. LEONORA G. MONTENEGRO Research Analyst 7. MA. TIARRA BRUNHILDE T. BATILARAN Research Analyst 8. PRISCILLA P. LAFORTEZA Research Secretary 9. EIDELMINE ELIZABETH F. GENOSA Accounting Clerk 10. FELIX J. ABRENIO Driver 11. MA. LOURDES A. TORRES Manager, Administration 12. EDUARDO A. SANCHEZ PC Support Analyst Clearances in favor of the above-mentioned employees to join another member-firm are still being processed. prLL For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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