Separation from Office — No Clearance Issued

Philippine Stock Exchange

PSE Memoranda

PSE MEMO FOR BROKERS NO. 040-98

January 28, 1998

PSE MEMO FOR BROKERS NO. 040-98

SUBJECT:Separation from Office — No Clearance Issued
MEMBER-FIRM:Vickers Ballas Securities (Phils.), Inc.

VICKERS BALLAS SECURITIES (PHILS.), INC. has informed the Exchange on January 13, 1998 that its Trader, MR. ROMEO CABINIAN is no longer connected with the Company effective January 15, 1998.

The company has not issued any clearance in favor of Mr. Cabinian to join another member-firm. LexLib

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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