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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 503-98 • Philippine Stock Exchange • Memo for Brokers • Oct 29, 1998

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October 29, 1998 PSE MEMO FOR BROKERS NO. 503-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : HDI Securities, Inc. HDI SECURITIES, INC . has informed the Exchange on October 26, 1998 that its Comptroller, MR . ESMERALDO E . INTERVALO , shall no longer be connected with the company effective October 31, 1998. The company has not issued any clearance in favor of Mr . Intervalo to join another member-firm. For your information and guidance. (SGD.) RAFAEL L. LLAVE Chief Operating Officer

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