PSE Circular for Brokers No. 664-98

April 14, 1998 PSE CIRCULAR FOR BROKERS NO. 664-98 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): 13 April 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 Registrant's telephone number, including area code 9. NA 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 (Resignation of Director and Officer) Mr. Phang Shyue Ming resigned as director of the registrant effective on 13 April 1998, the date the registrant received his resignation letter. He resigned because of his other commitments. He had no disagreement with the registrant on any matter relating to the registrator's operations, policies or practices. cdt