Personnel Movement — Resignation

January 3, 2000PSE MEMO FOR BROKERS NO. 013-00SUBJECT:Personnel Movement — Resignation   PERIOD COVERED:December 1, 1999 — December 31, 1999 NAME OF POSITION EFFECTIVITY PREVIOUSEMPLOYEE EMPLOYER KATRINA ALVENDIAMarketing AssistantSeptember 10, 1999AsiasecANA ALLID *TraderNovember 15, 1999BPIROMEO ORTEGA *TraderNovember 15, 1999BPIMA. THERESA PACIA *Executive SecretaryNovember 15, 1999BPICHRISTOPHER GINOMessengerOctober 15, 1999SolarLAWRENCE LOWNANGManaging DirectorNovember 30, 1999Sun Hung KaiMARIA IRENE BERNALExecutive SecretaryNovember 30, 1999Sun Hung KaiTEODOLFO MARQUEZEDP ClerkNovember 30, 1999Sun Hung KaiEMILIANO MACATANGAYDriverNovember 12, 1999TopwinJOSE IVAN JUSTINIANOAVP-Processing Dep't. HeadNovember 29,-1999UrbancorpAbove-mentioned personnel were issued clearances to join another member-firm by their previous employers. LibLexFor your information and guidance.(SGD.) JOSE FERNANDO T. ALCANTARAOfficer In Charge