Universal Rightfield Property Holdings, Inc.

Philippine Stock Exchange

PSE Memoranda

PSE Memo for Brokers No. 030-00

January 28, 2000

PSE MEMO FOR BROKERS NO. 030-00

SUBJECT:Universal Rightfield Property Holdings, Inc.

Further to Memo for Brokers No. 26-2000 dated January 24, 2000 pertaining to Universal Rightfield Property Holdings, Inc.'s ("UP") non-compliance with the structured reportorial requirements of the Exchange, please be informed that UP has already paid the basic fine for late submission of its Quarterly report, using SEC Form 11-Q, for the quarter ended September 30, 1999. cdtai

In view thereof, the trading suspension of UP shares scheduled on Monday, January 31, 2000, shall not be implemented. prcd

For your information.

(SGD.) MARIA ISABEL T. GARCIA
OIC, Listings and Disclosure Group

AIC Grande Tower Garnet Road
Ortigas Center, Pasig City
Metro Manila Philippines

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