Approved Application for Individual Membership

February 28, 2000PSE MEMO FOR BROKERS NO. 062-00SUBJECT:Approved Application for Individual Membership   MEMBER-FIRM:Mr. Carlos J. Ching Please be informed that the Board of Governors, in its regular meeting held on February 23, 2000, approved the application of MR. CARLOS J. CHING for Individual Membership in the Philippine Stock Exchange. Inc. through the sale of the Exchange Seat registered under the name of L. M Garcia Securities Corporation For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR.President & Chief Executive Officer