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Yangming Marine (YMTD)

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Wednesday 25 August, 1999

Yangming Marine

Purchase of Own Securities

YANGMING MARINE TRANSPORT CORPORATION 
19 August 1999

LETTER TO:  COMPANY ANNOUNCEMENTS OFFICE

As per Article 15.15 of Chapter 15 'Purchase of Own Securities' of Yellow Book,
we hereby make this notification.  Yangming Marine Transport Corporation ('the
Company') has purchased back an amount of USD 9,200,000 of its 2 per cent. Bonds
Due 2001  ('the Bonds') on August 18th, 1999.  This purchase has made the total
purchased amount of the Bonds by the Company in aggregate a total of USD
21,383,000, which is in exceeding 10% of the initial bond issuance amount of USD
160 million.  Please be informed that the USD 9,200,000 bonds have been
surrendered for cancellation on August 18, 1999.  Please be informed of the
following:

  Total bonds acquired as of August 19, 1999                 USD  21,383,000
  Total bonds cancelled as of August 19, 1999                USD  21,383,000
  Total bonds converted as of August 19, 1999                USD   7,861,000
  Total bonds remaining outstanding as of August 19, 1999    USD 130,756,000

We will make a further notification to you if there is any further each 5% bonds
purchased.

From:  S J Miau (Vice President of Finance Dept)