PSE Circular for Brokers No. 1057-98

May 18, 1998 PSE CIRCULAR FOR BROKERS NO. 1057-98 SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11(a)-1(b)(3) THEREUNDER 1. Date of Report (Date of earliest event reported): 18 May 1998 2. SEC Identification Number: 41376 3. BIR Tax Identification No.: 000-593-240 4. Exact name of registrant as specified in its charter: UEM Development Phils., Inc. 5. Republic of the Philippines Province, country or other jurisdiction of incorporation 6. (SEC Use Only) Industry Classification Code: 7. 9/F PDCP Bldg., 8737 Paseo de Roxas, Makati City 1200 Address of principal office Postal Code 8. (632) 8170050 Registrants telephone number, including area code 9. N/A Former name or former address, if changed since last report 10. Securities registered pursuant to Sections 4 and 8 of the RSA Title of Each Class Number of Shares Common Stock Outstanding and Amount of Debt Outstanding common shares 4,466,000 11. Indicate the item numbers reported herein: Item 4 (Election of Directors and Officers) At the registrant's annual stockholders' meeting held on 18 May 1998, the stockholders elected the following directors for year 1998-1999, effective immediately and until the election and qualification of their successors: Luis Juan L. Virata Jose de Jesus Manuel B. Zamora Artemio C. Moralda Tan Sri Hatim Saad Ramli Bin Mohamad Yam Seng Lam At the organizational meeting of the board of directors held immediately after the annual stockholders' meeting, the board of directors elected the following officers for year 1998-1999: Lusis Juan L. Virata Chairman/President Yam Seng Lam Treasurer Napoleon J. Poblador Secretary Joseph P. San Pedro Assistant Secretary SIGNATURE Pursuant to the requirements of the Revised Securities Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LLphil UEM DEVELOPMENT PHILS., INC. By: (SGD.) JOSEPH P. SAN PEDRO Asst . Corporate Secretary