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 3, 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 AVENUE CORNER ONYX STREET, ORTIGAS CENTER, 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

N/A

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	1,219,362,818

11. Indicate the item numbers reported herein

ITEM 9 - OTHER EVENTS

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 of News Article posted in philSTAR.com

Source	philSTAR.com
Subject of News Report	Unionbank bags Citi’s $1 billion retail business in Philippines
Date of Publication	Dec 3, 2021

Clarification of News Report
We respond to the correspondence received via PSE EDGE on December 3, 2021, seeking clarification and/or confirmation of the news article entitled “Unionbank bags Citi’s $1 billion retail business in Philippines” posted in philSTAR.com on December 3, 2021, which states: “MANILA, Philippines — Aboitiz-led Union Bank of the Philippines has acquired the consumer and retail banking assets of global banking giant Citigroup in the Philippines. A highly placed source told The STAR the deal, worth about $1 billion, is expected to be signed in the next two to three weeks. . . . . The source added the ‘match made in heaven’ transaction is expected to be completed in the second quarter next year. . . . .” The Bank is still in discussions with Citigroup Inc. (“Citi”) and no definitive agreement has been signed. Further disclosures will be made when warranted.
Other Relevant Information
N/A