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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 536-98 • Philippine Stock Exchange • Memo for Brokers • Nov 12, 1998

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November 12, 1998 PSE MEMO FOR BROKERS NO. 536-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : Paribas Asia Equity (Phils.), Inc. PARIBAS ASIA EQUITY (PHILS.), INC. has informed the Exchange on November 6, 1998 that the following employees shall no longer be connected with the company effective November 30, 1998: cdlex 1. MARK Z. ABADA Salesman 2. JACINTO L. AGUILLERA Page Boy/Utility Man 3. LUCILA T. ALO Personnel Assistant 4. FERDINAND O. ALVARADO Messenger 5. ELLEN C. AURELLANO Settlements Staff 6. VICTOR Y. BALAJADIA Messenger 7. ARNOLD T. CABALTERA Messenger 8. MAXIMILLIAN N. CAYETANO Settlements Staff 9. CHERRY N. CENTENO I. T. Assistant 10. EUGENIO F. DELA REA Database Specialist 11. GINA ROA DIPALING Research Analyst 12. ELIZABETH H. JALOTJOT Treasury Staff 13. MARIA M. N. LEDESMA Sales Assistant 14. TERESITA G. QUINTOS Sales Secretary 15. ADORACION R. SORIANO Research Assistant Clearances in favor of the above-mentioned employees to join another member-firm are still being processed. cdll For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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