The board of directors of Union Bank of the Philippines at its meeting held on January 26, 2024, approved declaration of a cash dividend of PHP 0.80 per common share in favor of all stockholders of the bank, payable from the available unrestricted retained earnings of the bank, as of December 31, 2023, the record date for stockholders entitled to the cash dividend is February 13, 2024, and payment date is set on February 20, 2024.