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Urbancorp Realty Developers, Inc.

PSE Circular for Brokers No. 1839-98 • Philippine Stock Exchange • Circulars for Brokers • Aug 6, 1998

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August 6, 1998 PSE CIRCULAR FOR BROKERS NO. 1839-98 SUBJECT : Urbancorp Realty Developers, Inc. Further to Circular No. 1778-98 dated July 30, 1998, please be advised that URBANCORP REALTY DEVELOPERS, INC . (the "Company") has confirmed with the Exchange, in its letter dated August 5, 1998, that "stock transactions up to April 14, 1998 before the ex-date set by the Philippine Stock Exchange for its 45% stock dividends with record date of April 21, 1998 , are included in the list of stockholders entitled to dividends." For your information and guidance. (SGD.) REYNOLD P. ONG Vice President, Listings and Disclosure Group

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