Issuance of Clearance

Philippine Stock Exchange

PSE Memoranda

PSE Memo for Brokers No. 008-00

January 3, 2000

PSE MEMO FOR BROKERS NO. 008-00

SUBJECT:Issuance of Clearance
MEMBER-FIRM:Vickers Ballas Securities (Phils.). Inc.

Further to PSE Memo for Brokers No. 387-99 dated November 24, 1999, VICKERS BALLAS SECURITIES (PHILS.), INC. has informed the Exchange that the company has issued clearance in favor of MR. MICHAEL JAMES YNION to join another member firm. cdtai

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