PSE Circular for Brokers No. 987-99

May 6, 1999 PSE CIRCULAR FOR BROKERS NO. 987-99 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11-C CURRENT REPORT PURSUANT TO SECTION 11 OF THE REVISED SECURITIES ACT AND RSA RULE 11(a)-1(b)(3) THEREUNDER 1. Date of Report April 30, 1999 2. Commission Identification No. AS94-007160 3. BIR TIN - 480-004-450-721 4. Exact name of registrant as specified in its charter URBANCORP REALTY DEVELOPERS, INC. 5. Incorporated in Metro Manila, Philippines on August 10, 1994 6. Industry Classification Code 7. Address of registrant's principal office Postal Code UrbanBank Plaza, Urban Avenue, Makati City 1200 8. Registrant's telephone number: (632) 813-0150; 813-0151; 840-0802; 878-0458 9. Former name, former address and former fiscal year, if changed since last report not applicable 10. Securities registered pursuant to Sections 4 and 8 of the RSA Title of each class Number of shares of common stock outstanding or amount of debt outstanding common shares 998,063,223 common shares 11. Indicate the item numbers reported herein: Please be informed that the following is a report on the result of the election of the Board of Directors during the Annual Stockholders, Meeting of Urbancorp Realty Developers, Inc. held on April 15, 1999 at the 36 Floor of the UrbanBank Plaza, Urban Avenue, Makati City. Item 4 A. The election of the members of the Board of Directors for the year 1999-2000. 1. Teodoro C. Borlongan 2. Isidro A. Consunji 3. Benjamin L. De Leon 4. Joseph Victor G. Ejercito 5. Richard L. Lee 6. Mario J. Padilla 7. Carlos C. Salinas SIGNATURES 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. LLjur (SGD.) CORAZON M. BEJASA Corporate Secretary