Change - Amendment to Articles::Amendment of Article Seventh of Incorporation

Issuer & Securities

Announcement Title: Change - Amendment to Articles
Date &Time of Broadcast: 17-Mar-2022 14:52:24
Status: New
Announcement Sub Title: Amendment of Article Seventh of Incorporation
Announcement Reference: SG220317OTHREGET
Submitted By (Co./ Ind. Name): Maria Ramona O. Ang
Designation: Investor Relations Officer
Description (Please provide a detailed description of the event in the box below): Please be informed that the Board of Directors at its meeting held today 16 March 2022 approved the amendment to Article Seventh of the Bank s Articles of Incorporation. The amendment will be presented to the shareholders for their approval in the Annual Stockholders Meeting to be held on 28 April 2022.

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 issued 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).

Please see attachment for further details.

The ff. regulators have also been duly informed of the same:
1. Philippine Stock Exchange (PSE)
https://edge.pse.com.ph/openDiscViewer.do?edge_no=a5e2a547cf7ccedb3470cea4b051ca8f
2. Philippine Dealing and Exchange Corporation (PDEx)

Total size =774K