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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 492-98 • Philippine Stock Exchange • Memo for Brokers • Oct 20, 1998

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October 20, 1998 PSE MEMO FOR BROKERS NO. 492-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : F . Yap Securities, Inc. F. YAP SECURITIES, INC . has informed the Exchange on October 19, 1998 that its Accounting Clerk, MR. STEPHEN YAP , is no longer connected with the company effective October 1, 1998. cdlex The company has not issued any clearance in favor of Mr . Yap to join another member-firm. For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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