Union Bank of Philippines : 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) Nov 16, 20212. SEC Identification Number 360733. BIR Tax Identification No. 000-508-271-0004. Exact name of issuer as specified in its charter UNION BANK OF THE PHILIPPINES5. Province, country or other jurisdiction of incorporation METRO MANILA6. Industry Classification Code(SEC Use Only) 7. Address of principal office UNIONBANK PLAZA, MERALCO AVENUE CORNER ONYX STREET, ORTIGAS CENTER, PASIG CITYPostal Code16058. Issuer's telephone number, including area code [phone]9. Former name or former address, if changed since last report N/A10. 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	1,219,362,818

11. Indicate the item numbers reported herein ITEM 9 - OTHER EVENTS

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.

Union Bank of the PhilippinesUBP 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

Approval by the Securities and Exchange Commission of the Amendments to Articles of Incorporation and Increase of Authorized Capital Stock

Background/Description of the Disclosure

Please be informed that the Securities and Exchange Commission has approved on November 15, 2021, the amendments to the Articles of Incorporation of Union Bank of the Philippines increasing its authorized capital stock from Php23,114,224,200.00 to Php35,307,852,380.00. Attached for reference are the following: 1. Certificate of Filing of Amended Articles of Incorporation 2. Certificate of Approval of Increase of Capital Stock

Date of Approval by Board of Directors	Jun 25, 2021
Date of Approval by Stockholders	Aug 11, 2021
Other Relevant Regulatory Agency, if applicable	Bangko Sentral ng Pilipinas
Date of Approval by Relevant Regulatory Agency, if applicable	Oct 14, 2021
Date of Approval by Securities and Exchange Commission	Nov 15, 2021
Date of Receipt of SEC approval	Nov 16, 2021

Amendment(s)

Article No.	From	To
Article 7	7. The authorized capital stock of the corporation shall be TWENTY THREE BILLION ONE HUNDRED FOURTEEN MILLION TWO HUNDRED TWENTY FOUR THOUSAND TWO HUNDRED PESOS (Php 23,114,224,200.00). Said capital stock is divided into ONE BILLION THREE HUNDRED ELEVEN MILLION FOUR HUNDRED TWENTY TWO THOUSAND FOUR HUNDRED TWENTY common shares (1,311,422,420) at par value of TEN PESOS (Php 10.00) each and ONE HUNDRED MILLION preferred shares (100,000,000) at par value of ONE HUNDRED PESOS (Php 100.00) each. xxx	7. The authorized capital stock of the corporation shall be THIRTY-FIVE BILLION THREE HUNDRED SEVEN MILLION EIGHT HUNDRED FIFTY-TWO THOUSAND THREE HUNDRED EIGHTY PESOS (Php 35,307,852,380.00). Said capital stock is divided into TWO BILLION FIVE HUNDRED THIRTY MILLION SEVEN HUNDRED EIGHTY-FIVE THOUSAND TWO HUNDRED THIRTY-EIGHT common shares (2,530,785,238) at par value of TEN PESOS (Php 10.00) each, and ONE HUNDRED MILLION preferred shares (100,000,000) at par value of ONE HUNDRED PESOS (Php 100.00) each. (As amended on August 11, 2021) xxx

Rationale for the amendment(s)

To support growth given outlook on economic recovery.

The timetable for the effectivity of the amendment(s)

Expected date of filing the amendments to the Articles of Incorporation with the SEC	Oct 25, 2021
Expected date of SEC approval of the Amended Articles of Incorporation	Dec 3, 2021

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

Increase in authorized capital stock of the Bank from Php23,114,224,200.00 to Php35,307,852,380.00.

Other Relevant Information

The disclosure is being amended to reflect the date of approval by the Securities and Exchange Commission, and date of receipt of SEC approval. Please refer to the attached disclosure.

Filed on behalf by:

Name	Joselito Banaag
Designation	Senior Vice President/Head of Legal and Corporate Secretary