Bank of Philippine Islands : Amendments to Articles of Incorporation

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER 1. Date of Report (Date of earliest event reported) Apr 28, 20222. SEC Identification Number PW-1213. BIR Tax Identification No. 000-438-366-0004. Exact name of issuer as specified in its charter BANK OF THE PHILIPPINE ISLANDS5. Province, country or other jurisdiction of incorporation MANILA, PHILIPPINES6. Industry Classification Code(SEC Use Only) 7. Address of principal office AYALA NORTH EXCHANGE TOWER 1 AYALA AVENUE COR. SALCEDO ST. LEGASPI VILLAGE, MAKATI CITY, METRO MANILA (current business address)Postal Code12298. Issuer's telephone number, including area code 8246-5902 (CorpSec Off)/ 8246-5860 (IR)9. Former name or former address, if changed since last report -10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	4,513,128,255

11. Indicate the item numbers reported herein -

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Bank of the Philippine IslandsBPI PSE Disclosure Form 4-3 - Amendments to Articles of Incorporation References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Amendment of Article Seventh of the Articles of Incorporation

Background/Description of the Disclosure

At the Annual Stockholders' Meeting held today 28 April 2022, stockholders representing at least two-thirds of the outstanding shares approved the amendment to Article Seventh of the Bank's Articles of Incorporation.

Date of Approval by Board of Directors	Mar 16, 2022
Date of Approval by Stockholders	Apr 28, 2022
Other Relevant Regulatory Agency, if applicable	Bangko Sentral ng Pilipinas (BSP)
Date of Approval by Relevant Regulatory Agency, if applicable	TBA
Date of Approval by Securities and Exchange Commission	TBA
Date of Receipt of SEC approval	TBA

Amendment(s)

Article No.	From	To
Seventh	Please see attachment	Please see attachment

Rationale for the amendment(s)

1. The decrease in the authorized capital stock particularly the common stock from 5,000,000,000 shares to 4,593,820,724 shares by retiring the 406,179,276 common shares (previously acquired and recorded as treasury shares pursuant to the Bank's merger with BPI Family Bank Savings, Inc) to comply with the disposition requirement of Bangko Sentral ng PIlipinas (BSP). 2. Combining the allocation of authorized common shares for Executive Stock Option Plan (ESOP) and Stock Purchase Plan (SPP) will provide the Bank flexibility in designing future ESOP and/or SPP programs.

The timetable for the effectivity of the amendment(s)

Expected date of filing the amendments to the Articles of Incorporation with the SEC	TBA
Expected date of SEC approval of the Amended Articles of Incorporation	TBA

Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any

1. The decrease in the authorized capital stock particularly the common stock from 5,000,000,000 shares to 4,593,820,724 shares by retiring the 406,179,276 common shares (previously acquired and recorded as treasury shares pursuant to the Bank's merger with BPI Family Bank Savings, Inc.). 2. Combining the allocation of authorized common shares for Executive Stock Option Plan (ESOP) and Stock Purchase Plan (SPP).

Other Relevant Information

This disclosure is amended to reflect the approval of the stockholders during the BPI Annual Stockholders' Meeting held today 28 April 2022.

Filed on behalf by:

Name	Angela Pilar Maramag
Designation	Corporate Secretary