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)

Dec 2, 2021

2. SEC Identification Number

36073

3. BIR Tax Identification No.

000-508-271-000

4. Exact name of issuer as specified in its charter

UNION BANK OF THE PHILIPPINES

5. Province, country or other jurisdiction of incorporation

METRO MANILA

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

UNIONBANK PLAZA, MERALCO AVE., COR. ONYX ST., ORTIGAS, PASIG CITY Postal Code 1605

8. Issuer's telephone number, including area code

02-8667-6388

9. Former name or former address, if changed since last report

NOT APPLICABLE

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	1,219,362,218

11. Indicate the item numbers reported herein

Item 9 - Please refer to the attached letter dated December 2, 2021

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 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Clarification to Inquirer.net news article

Source	Inquirer.net
Subject of News Report	UnionBank surprise front-runner for Citi’s PH retail business
Date of Publication	Dec 2, 2021

Clarification of News Report
“Aboitiz-led Union Bank of the Philippines is the ‘preferred bidder’ for the Philippine consumer and retail banking assets of American banking giant Citigroup, a report from Bloomberg newswire said. In the coming weeks, UnionBank will negotiate on the sale in a prospective deal valued at $1 billion, Bloomberg reported on Wednesday, citing anonymous sources.”
Other Relevant Information
Not applicable.