Personnel Movement-Resignations

March 9, 2000PSE MEMO FOR BROKERS NO. 072-00SUBJECT : Personnel Movement-ResignationsNAME OF PREVIOUSEFFECTIVITY EMPLOYER REMARKSEMPLOYEE POSITION        ROBRINA GOAsst. Sales DirectorFebruary 14, 2000ABN AmroClearance under    processYANNIE DUMAPAYBookkeeperFebruary 4, 2000A. T. De CastroNot clearedCARINA RUIZBrokered Products TraderMarch 1, 2000CiticorpDid not apply for    clearanceMA. ANNE CORPUZSr. Manager-ResearchFebruary 16, 2000DBSClearance under   process JUDITH TERRELSecurities SupervisorJanuary 3, 2000Nieves SanchezDid not apply   for clearance JOCELYN LAOTelephone ClerkFebruary 29, 2000OCBCClearance under   process ALEX FERRERAccounting OfficerFebruary 22, 2000PJB PacificClearance under   process AIMEE CALALANGEquity SalesMarch 1, 2000PJB PacificClearance under   process NATHALIE ANN SOAuthorized Clerk/TraderMarch 1, 2000RCBCClearance under   process LESTOR VALDEZSettlements HeadFebruary 1, 2000RCBCNot clearedENRIQUETA CAGUIOAVP/Head-SettlementsDecember 3, 1999Sun Hung KaiNot cleared and Compliance   BONIFACIO UROTMessengerJanuary 31, 2000VicsalNot clearedEDUARDO CULLADOMessengerFebruary 3, 2000WorldsecNot clearedFor your information and guidance. (SGD.) JOSE LUIS U. YULO, JR.President & Chief Executive Officer