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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 563-98 • Philippine Stock Exchange • Memo for Brokers • Nov 27, 1998

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November 27, 1998 PSE MEMO FOR BROKERS NO. 563-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : DBS Securities Philippines, Inc. DBS SECURITIES PHILIPPINES, INC. has informed the Exchange on November 26, 1998 that its Investment Analyst, MR. LESTER RONALD T. DOLOTINA, will no longer be connected with the company effective December 3, 1998. Clearance in favor of Mr. Dolotina to join another member-firm is still being processed. For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Office

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