February 28, 2000
PSE MEMO FOR BROKERS NO. 066-00
| SUBJECT | : | Approved Application for Corporate Nominee |
| MEMBER-FIRM | : | Topwin Securities, Inc. |
Please be informed that the Board of Governors. in its meeting held on February 23, 2000, approved the appointment of MR. LAWRENCE LOWNANG as the Corporate Nominee of TOPWIN SECURITIES, INC. cdphil
(SGD.) JOSE LUIS U. YULO, JR.
President & Chief Executive Officer
