46IO Barclays 24

RNS No 7422x
U-MING MARINE TRANSPORT CORPORATION
10th June 1998

U-MING MARINE TRANSPORT CORPORATION


Re:   US$90,000,000
U-Ming Marine Transport Corporation
1.5 per cent.  Bonds due 2001
-----------------------------------

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$27 per share will take effect on June
27, 1998, the ex-dividend record date ("Record Date"). This adjustment is based
on the declaration of 31,395,168 shares in the form of the stock dividends for
1997. These stock dividends are funded by the appropriation of the
unappropriated earnings in 1997 in the amount of NT$313,951,680. 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 23 to June 27, 1998.

U-Ming Marine Transport Corporation
Executive Vice President


END


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