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)

Jun 24, 2022

2. SEC Identification Number

ASO96-005555

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) 8526-3131 to 70/(632) 8891-6040 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	1,525,764,850

11. Indicate the item numbers reported herein

Item 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 June 24, 2022
Background/Description of the Disclosure
We wish to advise the Exchange that during its meeting held today, June 24, 2022, the Board of Directors of the Philippine National Bank (PNB) approved the proposal to amend the Articles of Incorporation of PNB-Mizuho Leasing and Finance Corporation (PMLFC), a joint venture company owned by PNB and Mizuho Leasing Co., Ltd. (Mizuho Leasing), one of Japan's top leasing and finance companies, shortening PMLFC's corporate term to March 31, 2024, subject to necessary approvals. PNB and Mizuho Leasing mutually agreed to wind down operations of PMLFC due to the impact of the COVID-19 pandemic to the operations of the joint venture company and the domestic leasing industry. The joint venture company started its operations in the country in 1998. Among its services included finance leases, operating leases, term loans, and receivables discounting. The winding down process of the joint venture company is expected to be completed within the next twenty-four (24) months. We trust you will take note accordingly. Thank you.
Other Relevant Information
None.