NOTICE

Subject	Union Bank of the Philippines: Stock Rights Offering – Final Terms and Conditions
Company Name	Union Bank of the Philippines

Security Details
Type of Security	Stock Symbol	Par Value
Common Shares	UBP	Php 10.00

Type of Transaction	Stock Rights Offering

Rights Shares
Stock Symbol	No. of Shares	Rights Offer Price
UBP	617,188,705	Php 64.81

Rights Entitlement Ratio	1 Rights Share for every 2.4707 shares owned
Pricing Date (if applicable)	Apr 4, 2022
Ex-Date	Apr 6, 2022
Record Date	Apr 11, 2022
Start of Rights' Offer Period	Apr 25, 2022
End of Rights' Offer Period	May 6, 2022
Payment Terms	Full Payment
Lead Underwriter(s)	Please see below list.

Other Parties to the Rights Offer
Function	Name of the Party
Joint Global Coordinators and Joint Domestic Underwriters	CLSA Exchange Capital, Inc.
Joint Global Coordinators and Joint Domestic Underwriters	ING Bank N.V., Manila Branch
Legal Counsel to the Bank	Romulo Mabanta Buenaventura Sayoc & de los Angeles
Legal Counsel to the Joint Global Coordinators and Joint Domestic Underwriters as to Philippine Law	Picazo Buyco Tan Fider & Santos
Legal Counsel to the Joint Global Coordinators and Joint Domestic Underwriters as to U.S. Law	Milbank LLP

Stock Transfer Agent	Union Bank of the Philippines – Stock Transfer Unit
Receiving Agent	Union Bank of the Philippines – Trust and Investment Services Group
External Auditor	SyCip Gorres Velayo & Co.
Corporate Website Hyperlink to the Prospectus	TBD
Tentative Listing Date	May 16, 2022

Other Relevant Information
The Board of Directors of Union Bank of the Philippines (“UBP” or the “Bank”) approved the conduct of a Stock Rights Offering (“SRO”) of common shares to be issued from the Bank’s unissued authorized capital stock. The proceeds from the SRO will be primarily used to partially fund the Bank’s acquisition of the consumer banking business of Citigroup, Inc. in the Philippines, and any amount of net proceeds remaining will be for general corporate purposes. Please refer to C08643-2021 dated December 23, 2021 for the relevant disclosure of the Bank. The Exchange approved the application of the Bank for the listing of up to 800,000,000 common shares (“Right Shares”), with a par value of Php10.00 per share, to cover its SRO to all stockholders as of the proposed record date of April 11, 2022, at an Offer Price of Php 64.55 to Php 73.78 per Rights Share. The Exchange’s approval of the listing of the Right Shares is subject to the Bank’s compliance with all applicable requirements and post-approval conditions of the Exchange. Please refer to the attached final terms and conditions of the SRO for other details. The Exchange will accordingly announce any developments on the Bank’s listing application. For your information and guidance.

Other Relevant Information

The Board of Directors of Union Bank of the Philippines (“UBP” or the “Bank”) approved the conduct of a Stock Rights Offering (“SRO”) of common shares to be issued from the Bank’s unissued authorized capital stock.

The proceeds from the SRO will be primarily used to partially fund the Bank’s acquisition of the consumer banking business of Citigroup, Inc. in the Philippines, and any amount of net proceeds remaining will be for general corporate purposes.

Please refer to C08643-2021 dated December 23, 2021 for the relevant disclosure of the Bank.

The Exchange approved the application of the Bank for the listing of up to 800,000,000 common shares (“Right Shares”), with a par value of Php10.00 per share, to cover its SRO to all stockholders as of the proposed record date of April 11, 2022, at an Offer Price of Php 64.55 to Php 73.78 per Rights Share. The Exchange’s approval of the listing of the Right Shares is subject to the Bank’s compliance with all applicable requirements and post-approval conditions of the Exchange.

Please refer to the attached final terms and conditions of the SRO for other details.

The Exchange will accordingly announce any developments on the Bank’s listing application.

For your information and guidance.

Filed on behalf by:

Name	Norberto Moreno Jr.
Designation	Listings Department