Application for Change of Corporate Nominee

February 18, 2000PSE MEMO FOR BROKERS NO. 057-00SUBJECT:Application for Change of Corporate Nominee   MEMBER-FIRM:Topwin Securities, Inc. TOPWIN SECURITIES, INC. submitted the name of MR. LAWRENCE LOWNANG as its Corporate Nominee to the Philippine Stock Exchange, Inc. vice Mr. Tomas V. Apacible. llcdPursuant to our Membership Rules, the Exchange hereby notifies the membership and will now accept any comments on the above-mentioned application. cdphilPlease send your comments to our Membership Department within fifteen (15) days from the date of circulation. The last day for submission of comments will be on March 3, 2000. cdrepPlease be guided accordingly. (SGD.) JOSE LUIS U. YULO, JR.President & Chief Executive Officer