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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 494-98 • Philippine Stock Exchange • Memo for Brokers • Oct 20, 1998

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October 20, 1998 PSE MEMO FOR BROKERS NO. 494-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : INDOSUEZ W. I. CARR Securities (Philippines), Inc. INDOSUEZ W. I. CARR SECURITIES (PHILIPPINES), INC . has informed the Exchange on October 16, 1998 that MS . MARY GRACE M . ENRIQUEZ , is no longer connected with the company effective October 15, 1998. Clearance in favor of Ms . Enriquez to join another member-firm is still being processed. For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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