C02300-2017

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.

BDO Unibank, Inc.BDO

PSE Disclosure Form 4-29 - Disbursement of Proceeds and Progress Report References: Memorandum No. 626 - 2007 dated December 20, 2007
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Quarterly Progress Report – Use of Proceeds from Stock Rights Offering
Background/Description of the Disclosure

Ladies and Gentlemen:

We refer to BDO Unibank, Inc.’s stock rights offering (SRO) of 716,402,886 common shares listed at the Exchange on January 31, 2017, and report the disbursements and application of the SRO proceeds:

1. Breakdown of Proceeds (in millions)

Gross Proceeds.................................P 59,998.74
Total Offer Expenses.................................(240.80)
Net Proceeds.......................................P 59,757.94

2. Application of the SRO proceeds as of March 31, 2017 (in millions)

Net Proceeds...........................................................................................P 59,757.94

Application of Proceeds
Growth in Gross Customer Loans..............................................36,631.24
Investment in Term Deposit Facility (TDF) with BSP................23,126.70

Total..........................................................................................................P 59,757.94

Thank you.
Other Relevant Information

Please see attachment.
Filed on behalf by:
Name Elmer Serrano
Designation Corporate Information Officer