Personnel Movement-Resignations

Philippine Stock Exchange

PSE Memoranda

PSE Memo for Brokers No. 045-00

February 2, 2000

PSE MEMO FOR BROKERS NO. 045-00

SUBJECT:Personnel Movement-Resignations
PERIOD COVERED:January 1, 2000-January 31, 2000
NAME OF
FORMER
EMPLOYEE
POSITION
EFFECTIVITY
EMPLOYER
MA. CECILIA BUNDACashier/Accounting StaffDecember 29, 1999Asia Pacific Capital
DANILO FUENTESCollector/MessengerDecember 29, 1999Asia Pacific Capital
NOEL CAMAHALANCollector/MessengerDecember 29, 1999Asia Pacific Capital
LISETTE ISLER MULESOperations Staff IIDecember 16, 1999FEB
MICHELLE EMPISOExecutive AssistantDecember 1, 1999ING Barings

Above-mentioned employees transferred to its company's affiliate/subsidiary. cdll

For your information and guidance.

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

AIC Grande Tower Garnet Road
Ortigas Center, Pasig City
Metro Manila Philippines

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