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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 539-98 • Philippine Stock Exchange • Memo for Brokers • Nov 13, 1998

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November 13, 1998 PSE MEMO FOR BROKERS NO. 539-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : Market Capital & Securities, Inc. MARKET CAPITAL & SECURITIES, INC. has informed the Exchange on November 11, 1998 that the following employees are no longer connected with the company effective September 10, 1998: LexLib 1. REMEDIOS CALILUNG-PALAD Salesman 2. RODOLFO T. PALAD Salesman The company has not issued any clearance in favor of the above-mentioned employees to join another member-firm. For your information and guidance. prcd (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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