Personnel Movement — Resignations

November 5, 1998 PSE MEMO FOR BROKERS NO. 519-98 SUBJECT : Personnel Movement Resignations PERIOD COVERED : October 1, 1998 October 31, 1998 NAME OF PREVIOUS EMPLOYEE POSITION EFFECTIVITY EMPLOYER KAREN MARIANO Receptionist/Tel. Operator October 15, 1998 Abacus HERMOGENES PEPINO, JR Accounting Clerk September 30, 1998 Abacus PAUL DE VERA AVP-Sales September 30, 1998 Amsteel RANETTE ROSALI-OLLER Administrative Officer/ Executive Secretary September 30, 1998 Amsteel GRACE MARIE SARMENTA Receptionist/Purchasing Officer September 30, 1998 Amsteel TERESA TADURAN Trader September 30, 1998 Amsteel ARLENE MENDOZA Settlements Assistant September 30, 1998 Amsteel RONILO REGALARIO Accounting Assistant September 30, 1998 Amsteel ROLANDO POSADAS Messenger September 30, 1998 Amsteel CRISOSTOMO NAZARETA Driver September 30, 1998 Amsteel RAMON ZARAGOZA Agent September 30, 1998 Amsteel ASELA ALSIM Operations Officer October 15, 1998 Apex GERONIMO CAGUNGUN Company Driver October 15, 1998 Apex ALLAN DE LA CRUZ Asst. Manager- Settlements October 15, 1998 Apex RITCHE DEMERIN Information Technology Staff October 15, 1998 Apex ROMEO FAVILA Accounting Manager October 15, 1998 Apex JONATHAN GABINERA Settlements Staff October 15, 1998 Apex MARIA ROWENA LOZANO Settlements Staff October 15, 1998 Apex MA. FILIPINA MARIANO Accounting Staff October 15, 1998 Apex MA. ARACELI PONO Asst. Manager- Accounting October 15, 1998 Apex MA. VICTORIA REYES AVP-Operations October 15, 1998 Apex JOSE ROMUALDO APIGO Sales Agent October 15, 1998 Apex DEBBIE ANN LEE VP-Equity Sales/Trader October 16, 1998 Asiamerit MA. TERESA LEE Trader October 16, 1998 Asiamerit JAYMIE CRISOSTOMO Investment Analyst September 15, 1998 Asiamerit MANUEL CRUZ Research Head September 15, 1998 Asiamerit GLEN DE GUZMAN Sr. Research Analyst September 15, 1998 Asiamerit VALERIE KRISTINE DAUZ Investment Analyst September 15, 1998 Asiamerit PAMELA SALAZAR Marketing Executive September 15, 1998 Asiamerit RAMON MIGUEL SAULO Asst. Research Head September 15, 1998 Asiamerit NICCOLO GREGORIO Investment Analyst September 15, 1998 Asiamerit ROSALIA MERCADO Encoder September 15, 1998 Asiamerit EDWIN KAGAHASTIAN Company Driver September 15, 1998 Asiamerit NOLAN IMACULATA Messenger September 15, 1998 Asiamerit JUANITO MORENTE Trader September 15, 1998 Asiamerit GREGORIO BUNO Trader September 15, 1998 Asiamerit MA. CHRISTINA MONTINOLA Research Assistant October 15, 1998 ATR FELICITA ANCHETA Bookkeeper October 1, 1998 B.H Chua CONCHITA CAPINPIN Trading Manager September 30, 1998 Christfund CELIA YAO Accountant/ Authorized Clerk September 30, 1998 Christfund EPIFANIA SANTOS Settlement Clerk/ Authorized Clerk September 30, 1998 Christfund GILBERT SILVA Authorized Clerk September 30, 1998 Christfund ALMA SEVILLA Office Clerk/ Telephone Clerk September 30, 1998 Christfund DANILO SONIO Messenger September 30, 1998 Christfund SALVADOR SEGOVIA Messenger September 30, 1998 Christfund SHARON SAN JOSE Receptionist/ Tel. Operator September 25, 1998 Connel FRANCIS LUGUE Head of Sales October 5, 1998 DBP-Daiwa VICKY CHAN Salesman September 30, 1998 EBC FERLYN TALLOD Research Analyst September 30, 1998 Keppel ROWENA CAMIGUING Accounting Manager October 12, 1998 Kim Eng GINA MANJARES Accounting Clerk September 30, 1998 Meridian NOVA CAMAHALAN Administrative Assistant September 20, 1998 Merrill ynch ROMAN AZUPARDO Company Driver October 16, 1998 PJB Pacific EMILIE BALABIS Finance Manager September 30, 1998 PJB Pacific BENJAMIN REYES Securities Clerk October 1, 1998 Papa MA. GRACIA DIAZ DE RIVERA Executive Secretary September 30, 1998 Sapphire SANTIAGO VARELA Vice President September 30, 1998 Sapphire JAN MICHAEL BUMANLAG Research Assistant August 30, 1998 Sapphire EMMANUEL JOSE Sales Assistant August 30, 1998 Sapphire ODON MONDEJAR Purchaser August 30, 1998 Sapphire JOSEPH OCAMPO Programmer August 30, 1998 Sapphire QUERUBIN PALOMAR Sales Assistant August 30, 1998 Sapphire DORINA PIZARRA Operations Clerk September 30, 1998 Summit RENATO VELORIA Messenger September 30, 1998 Summit ARHNOLD ABISTABO Trader September 21, 1998 Warburg Dillon GILBERT CO LIM Clerk October 15, 1998 Wealth RAFAEL MUNOZ AVP Chief of Staff/ Authorized Clerk October 16, 1998 Wellez GERALDINE BERCASIO Trainee October 1, 1998 Wellez RUFO PALAD, JR. Messenger November 1, 1998 Wellez MARK DE LOS SANTOS Accounting Assistant November 1, 1998 Wellez JOSEPHINE SIPALAY Operations Manager October 19, 1998 Wellez JOVEE LORENZO Office Clerk October 25, 1998 Wong Above-mentioned personnel were issued clearances to join another member-firm by their previous employers. cdll For your information and guidance. (SGD.) RAFAEL L. LLAVE Chief Operating Officer