NOTICE

Subject	Philippine Business Bank, Inc.: Private Placement – Additional Listing
Company Name	Philippine Business Bank, Inc.

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

Type of Transaction(s)	Private Placement
Transaction Ratio (if applicable)	-
Transaction Value	Php 1,250,000,000.00

Details of the Transaction
Subscriber	Consideration	Transaction Price	Stock Symbol	Number of Shares Issued
Alfredo M. Yao	Cash	Php10.00	PBB	55,803,072
Armando M. Yao	Cash	Php10.00	PBB	10,250,000
Erlinda M. Yao	Cash	Php10.00	PBB	492,124
Jeffrey S. Yao	Cash	Php10.00	PBB	3,787,500
Leticia M. Yao	Cash	Php10.00	PBB	492,124
Mary Grace S. Yao	Cash	Php10.00	PBB	4,962,500
Zest-O Corporation	Cash	Php10.00	PBB	49,212,680

Lock-up Details (if applicable)
Duration of Lock-up	-
Applicable Lock-up Rule	-
Escrow Agent	-
Date of Execution of Escrow Agreement	N/A

Details of the Mandatory Lock-up
Name of Shareholder	No. of Shares	Stock Symbol	Percentage
-	-	-	-

Details of the Voluntary Lock-up (if applicable)
Name of Shareholder	No. of Shares	Stock Symbol	Percentage
-	-	-	-

Shares to be Listed
Stock Symbol	No. of Shares
PBB	125,000,000

Tradable Shares
Stock Symbol	No. of Shares
PBB	125,000,000

Listing Date	Feb 24, 2023

Adjustments

Issued Shares (if applicable)
Type of Security / Stock Symbol	Before	After
PBB	768,750,094	768,750,094

Outstanding Shares (if applicable)
Type of Security / Stock Symbol	Before	After
PBB	768,750,094	768,750,094

Listed Shares
Type of Security / Stock Symbol	Before	After
PBB	643,750,094	768,750,094

Other Relevant Information
On April 20, 2022, July 27, 2022 and August 17, 2022, Philippine Business Bank’s (“PBB” or the “Bank”) Board of Directors and stockholders approved the subscription by the above-mentioned subscribers to 125,000,000 PBB shares out of the increase in the Bank’s authorized capital stock. The Securities and Exchange Commission subsequently approved the Bank’s increase in authorized capital stock on January 19, 2023. As of February 22, 2023, the Bank has complied with all the applicable requirements for the listing of the said shares. The number of PBB’s listed common shares will be accordingly adjusted on the listing date. For your information and guidance.

Other Relevant Information

On April 20, 2022, July 27, 2022 and August 17, 2022, Philippine Business Bank’s (“PBB” or the “Bank”) Board of Directors and stockholders approved the subscription by the above-mentioned subscribers to 125,000,000 PBB shares out of the increase in the Bank’s authorized capital stock. The Securities and Exchange Commission subsequently approved the Bank’s increase in authorized capital stock on January 19, 2023.

As of February 22, 2023, the Bank has complied with all the applicable requirements for the listing of the said shares. The number of PBB’s listed common shares will be accordingly adjusted on the listing date.

For your information and guidance.

Filed on behalf by:

Name	Norberto Moreno Jr.
Designation	Listings Department