PSE Circular for Brokers No. 1123-99

May 18, 1999 PSE CIRCULAR FOR BROKERS NO. 1123-99 SECURITIES AND EXCHANGE COMMISSION 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): 17 May 1999 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 Registrant's 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 of 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 17 May 1999 the stockholders elected the following directors 1999-2000, effective immediately and until the election and qualification of their successors: cdt Luis Juan L. Virata Jose de Jesus Manuel B. Zamora Artemio C. Moralda Tan Sri Halim Saad Ramli Bin Mohamad Yam Seng Lam The following persons remain officers of the corporation for year 1999-2000: Luis 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. UEM DEVELOPMENT PHILS, INC By: (SGD.) JOSEPH P. SAN PEDRO Asst . Corporate Secretary