Issuance of Clearance

Philippine Stock Exchange

PSE Memoranda

PSE Memo for Brokers No. 089-00

April 3, 2000

PSE MEMO FOR BROKERS NO. 089-00

SUBJECT:Issuance of Clearance
MEMBER FIRM:Multi-Grade Securities Corp.

Further to PSE Memo for Brokers No. 29-2000 dated January 28, 2000, MULTI-GRADE SECURITIES CORP. has informed the Exchange that the company has issued clearance in favor of MS. CARMELA F. SISON to join another member-firm. prcd

For your information and guidance.

(SGD). JOSE LUIS U. YULO JR.
President & Chief Executive Officer

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