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 16, 2023

2. SEC Identification Number

PW-121

3. BIR Tax Identification No.

000-438-366-000

4. Exact name of issuer as specified in its charter

BANK OF THE PHILIPPINE ISLANDS

5. Province, country or other jurisdiction of incorporation

MANILA, PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

AYALA NORTH EXCHANGE TOWER 1 AYALA AVENUE COR. SALCEDO ST. LEGASPI VILLAGE, MAKATI CITY, METRO MANILA (current business address) Postal Code 1229

8. Issuer's telephone number, including area code

8246-5902 (CorpSec Off)/ 8246-5860 (IR)

9. Former name or former address, if changed since last report

-

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	4,945,197,291

11. Indicate the item numbers reported herein

-

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.

Bank of the Philippine IslandsBPI

PSE Disclosure Form 9-2 - Sale of Treasury Shares References: Section 9 of the Revised Disclosure Rules

Subject of the Disclosure
Disposal of the 406,179,276 common treasury shares of Bank of the Philippine Islands ("BPI" or the “Bank") via Property Dividend.
Background/Description of the Disclosure
The Board of Directors of the Bank of the Philippine Islands (“BPI”) approved on 15 March 2023 the declaration of property dividends consisting of 406,179,276 BPI common shares held in treasury (the “Property Dividend”) to be distributed to all eligible stockholders of BPI as of record date of 29 March 2023 (the “Record Date,” and the eligible stockholders, the “Stockholders”) at an entitlement ratio of 0.0896395563 common share for every one (1) common share of BPI held by the Stockholder. The payment of the Property Dividend was carried out on 16 June 2023 (the “Payment Date”), following BPI’s receipt of the Certificate of Filing the Notice of Property Dividend Declaration issued by the Securities and Exchange Commission last 13 June 2023. The Property Dividend shares was recorded in the name of PCD Nominee Corp. for the account of the Stockholders in the books of BPI on Payment Date. Following such payment, the total outstanding shares of BPI changed from 4,539,018,015 to 4,945,197,291 common shares as of 16 June 2023. The actual distribution of the Property Dividend to the Stockholders shall be in accordance with the Property Dividend Guidelines, as amended and supplemented, which was previously disclosed by BPI.

Type of Securities

• Common
• Preferred-
• Others-

Details of Sale of Treasury Shares

Date of Transaction	Number of Shares Sold	Price Per Share
Jun 16, 2023	406,179,276	105.00

Effects on Number of Shares

	Before	After
Outstanding Shares	4,539,018,015	4,945,197,291
Treasury Shares	406,179,276	0

Cumulative Number of Shares Sold to Date 1	406,179,276
Number of Shares Authorized for Sale	406,179,276

Other Relevant Information
The change in the outstanding shares was due to the disposal of the Bank’s treasury shares via property dividend. Payment date is today, 16 June 2023.

¹ From the date when the sale of treasury shares program commenced.