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)

May 26, 2017

2. SEC Identification Number

AS096-005555

3. BIR Tax Identification No.

000-188-209-000

4. Exact name of issuer as specified in its charter

Philippine National Bank

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

PNB Financial Center, Pres. Diosdado Macapagal Blvd., Pasay City, Metro Manila Postal Code 1300

8. Issuer's telephone number, including area code

(632) 526-3131 to 70/(632) 891-6040 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

Items 4 and 9

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
Results of the Meeting of the Board of Directors held on May 26, 2017
Background/Description of the Disclosure
We wish to inform the Exchange that during its meeting held today, May 26, 2017, the Board of Directors approved the following: 1. Revised Charter and renaming of Corporate Governance Committee to Corporate Governance/Nomination/Remuneration and Sustainability Committee; 2. 2017 Revised Corporate Governance Manual; and 3. Confirmation of the appointment of Ms. Modette Ines V. Cariño as President/Director of PNB-IBJL Leasing and Finance Corporation (PNB-IBJL Leasing), subject to the approval of the Bangko Sentral ng Pilipinas; and 4. Appointment of Mr. Martin G. Tengco, Vice President, as Chief Audit Executive and Head of Internal Audit Group effective June 1, 2017, in view of the end of management contract of Mr. Dioscoro Teodorico L. Lim, Senior Vice President. Further to item No. 4 above, please be informed that Mr. Tengco has 100 PNB shares under his name. We trust you will take note accordingly. Thank you.
Other Relevant Information
None.