PSE Circular for Brokers No. 443-00

February 23, 2000 PSE CIRCULAR FOR BROKERS NO. 443-00 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11-C CURRENT REPORT UNDER SECTION II OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE II (a)-1 (b) (3) THEREUNDER 1. Date of Report February 18, 2000 2. SEC Identification Number 538 3. BIR Tax Identification No. 000-225-442 4. Exact name of registrant as specified in its charter Far Eastern University, Inc. 5. PHILIPPINES Province, Country or other jurisdiction of incorporation or organization 6. Wednesday (SEC use only) Industry Classification Code: 7. Nicanor Reyes Sr. Street, Sampaloc, Manila 1008 Address of principal office Postal Code 8. (632) 735-56-21 Registrant's telephone number including area code 9. NOT APPLICABLE Former name, former address, and former fiscal year, if changed since last report. 10. Securities registered pursuant to Sections 4 and 8 of the RSA. Number of Shares of Common Stock Outstanding and Amount Title of Each Class of Debt Outstanding Common Stock, P100.00 par value 1,887,828 Bond with Non-Detachable Warrant, Not Applicable P1.00 per unit 11. Item 2 (Acquisition of Assets): Nature : Purchase of two (2) parcels of land with existing improvements, through Raisebeck Mining Corporation, per Deed of Conveyance to Registrant dated 8 February 2000. Description of Properties : 1. A parcel of land with existing improvements covered by Transfer Certificate of Title No. 169705 of the Register of Deeds of Manila, with-an area of 2,283.30 square meters more or less; 2. A parcel of land with existing improvements covered by Transfer Certificate of Title No. 169706 of the Register of Deeds of Manila, with an area of 1,758.80 square meters, more or less. Consideration : One Hundred Eighty-Five Million Pesos (P185,000,000.00) Identity of Seller : FEU-Dr. Nicanor Reyes Medical Foundation Source of Fund : Internal Funding Purpose by which asset was used by former owner : Medical School and Hospital (Registrant does not intend to continue such use) Purpose by which asset shall be used by the Registrant : To serve as additional classrooms/offices. cdll (SGD.) FE V. CANILAO Chief Financial Officer