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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 565-98 • Philippine Stock Exchange • Memo for Brokers • Dec 1, 1998

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December 1, 1998 PSE MEMO FOR BROKERS NO. 565-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : GK GOH Securities (Philippines), Inc. GK GOH SECURITIES (PHILIPPINES), INC. has informed the Exchange on November 20, 1998 that the following are no longer connected with the company effective November 16, 1998: cdll 1. RAMON ANTONIO TORRES Nominee/Managing Director 2. DANY CLEO USON Sales/Dealer 3. ALEXIS CABEL Investment Analyst 4. ARIEL AYA-AY Investment Analyst The company has not issued any clearance in favor of the above-mentioned personnel. For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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