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URBANCORP Realty Developers, Inc. Stock Dividend

PSE Circular for Brokers No. 435-98 • Philippine Stock Exchange • Circulars for Brokers • Mar 23, 1998

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March 23, 1998 PSE CIRCULAR FOR BROKERS NO. 435-98 SUBJECT : URBANCORP Realty Developers, Inc. Stock Dividend Urbancorp Realty Developers, Inc. ("URDI") informed the Exchange in a letter dated March 17, 1998 that its Board of Directors, in a meeting held on even date, approved the declaration of a 45% stock dividend, which will be taken from the unissued capital stock of URDI, to common stockholders of record as of April 21, 1998 . For your information. (SGD.) MA. ISABEL T. GARCIA Head, Listing and Disclosures Group STOCK DIVIDEND STOCK 45% EX-STOCK April 15, 1998 RECORD DATE April 21, 1998

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