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Separation from Office — No Clearance Issued

PSE Memo for Brokers No. 572-98 • Philippine Stock Exchange • Memo for Brokers • Dec 8, 1998

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December 8, 1998 PSE MEMO FOR BROKERS NO. 572-98 SUBJECT : Separation from Office No Clearance Issued MEMBER-FIRM : Philippine TA Securities, Inc. PHILIPPINE TA SECURITIES, INC. has informed the Exchange on December 1, 1998 that its Accounting Clerk, MR. REYNALDO S. SOMIDO, is no longer connected with the company effective November 30, 1998. LibLex Clearance in favor of Mr. Somido to join another member-firm is still being processed. For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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