46IO Barclays 24

RNS Number:9758L
U-Ming Marine Transport Corporation
9 June 2000


LETTER TO COMPANY ANNOUNCEMENTS OFFICE
Dated June 5, 2000
                      
            Re : U-Ming Marine Transport Corporation (the "Company")

                                  US$90,000,000
                   1.5 per cent. Bonds due 2001 (the "Bonds")

Pursuant to the Schedule 5 of Euro-Currency Debt Securities Guide to Listing,
relating to the issuance by the Company of US$90,000,000 aggregate principal
amount of 1.5 per cent. Bonds due 2001 (the "Bonds"), we hereby notify you that
the newly-adjusted Conversion Price of NT$25 per share will take effect on July
3, 2000, the ex-dividend record date ("Record Date"). This adjustment is based
on the declaration of 17,141,762 shares in the form of the stock dividends for
1999.  These stock dividends are funded by the appropriation of the
unappropriated earnings in 1999 in the amount of NT$171,417,620. Pursuant  to 6
(A) (i) of the Terms and Conditions of the Offering Circular, the  Conversion
Right should be suspended for five days prior to and including the Record Date.
The suspended period runs from June 29 to July 3, 2000.

LETTER FROM U-MING MARINE TRANSPORT CORPORATION


END

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