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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 526-98 • Philippine Stock Exchange • Memo for Brokers • Nov 5, 1998

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November 5, 1998 PSE MEMO FOR BROKERS NO. 526-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : Dharmala Securities, Inc. DHARMALA SECURITIES PHILIPPINES, INC. has informed the Exchange on October 30, 1998 that its Administrative Clerk/Secretary in their Cebu office, MS. CHARINA CAGALAWAN, is no longer connected with the company effective October 8, 1998. prcd Clearance in favor of Ms. Cagalawan to join another member-firm is still being processed. For your information and guidance. (SGD.) RAFAEL L. LLAVE Chief Operating Officer

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