C06754-2015

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 21, 2015
2. SEC Identification Number
ASO96-005555
3. BIR Tax Identification No.
00-188-209-000
4. Exact name of issuer as specified in its charter
Philippine National Bank
5. Province, country or other jurisdiction of incorporation
Metro Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
PNB Financial Center, President Diosdado Macapagal Blvd., Pasay City Postal Code 1300
8. Issuer's telephone number, including area code
(632) 5263131 to 70/ (632) 8916040 to 70
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 Shares 1,249,139,678
11. Indicate the item numbers reported herein
Item 9 - Other Reports

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.

Philippine National BankPNB

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Sale of Shares of Stock of PNB Life Insurance, Inc.

Background/Description of the Disclosure

We wish to advise you that the Bank signed on December 21, 2015, the sale of Twelve Thousand Seven Hundred Fifty (12,750) shares of stock of PNB Life Insurance, Inc. (“PNB Life”), representing fifty one percent (51%) of the issued and outstanding capital stock of PNB Life, to Allianz SE.

Other Relevant Information

None.

Filed on behalf by:
Name Maila Katrina Ilarde
Designation Corporate Secretary