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)

Aug 16, 2023

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) 8841-8600

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	2,353,746,590

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 4-3 - Amendments to Articles of Incorporation References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Approval by the Bangko Sentral ng Pilipinas of the Amendments to Articles of Incorporation Increasing the Authorized Capital Stock
Background/Description of the Disclosure
Please be informed that the Bangko Sentral ng Pilipinas per its Letter dated August 16, 2023, received by Union Bank of the Philippines on the same date, has approved on August 1, 2023 the amendment of its Articles of Incorporation to increase the authorized capital stock from Php35,307,852,380.00 to Php60,307,852,380.00.

Date of Approval by Board of Directors	Feb 24, 2023
Date of Approval by Stockholders	Apr 28, 2023
Other Relevant Regulatory Agency, if applicable	Bangko Sentral ng Pilipinas
Date of Approval by Relevant Regulatory Agency, if applicable	Aug 1, 2023
Date of Approval by Securities and Exchange Commission	TBA
Date of Receipt of SEC approval	TBA

Amendment(s)

Article No.	From	To
Article 7	7. The authorized capital stock of the corporation shall be THIRTY-FIVE BILLION THREE HUNDRED SEVEN MILLION EIGHT HUNDRED FIFTY-TWO THOUSAND THREE HUNDRED EIGHTY PESOS (Php 35,307,852,380.00). Said capital stock is divided into TWO BILLION FIVE HUNDRED THIRTY MILLION SEVEN HUNDRED EIGHTY-FIVE THOUSAND TWO HUNDRED THIRTY-EIGHT common shares (2,530,785,238) at par value of TEN PESOS (Php 10.00) each, and ONE HUNDRED MILLION preferred shares (100,000,000) at par value of ONE HUNDRED PESOS (Php 100.00) each. xxx	7. The authorized capital stock of the corporation shall be SIXTY BILLION THREE HUNDRED SEVEN MILLION EIGHT HUNDRED FIFTY-TWO THOUSAND THREE HUNDRED EIGHTY PESOS (Php 60,307,852,380.00). Said capital stock is divided into FIVE BILLION THIRTY MILLION SEVEN HUNDRED EIGHTY-FIVE THOUSAND TWO HUNDRED THIRTY-EIGHT common shares (5,030,785,238) at par value of TEN PESOS (Php 10.00) each, and ONE HUNDRED MILLION preferred shares (100,000,000) at par value of ONE HUNDRED PESOS (Php 100.00) each. xxx

Rationale for the amendment(s)
The increase in the authorized capital stock will be used to support growth and for general corporate purposes.

The timetable for the effectivity of the amendment(s)

Expected date of filing the amendments to the Articles of Incorporation with the SEC	Aug 16, 2023
Expected date of SEC approval of the Amended Articles of Incorporation	Sep 22, 2023

Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any
The increase in authorized capital stock of the Bank from Php 35,307,852,380.00 to Php 60,307,852,380.00.
Other Relevant Information
The disclosure is being amended to reflect the date of approval by the Bangko Sentral ng Pilipinas, and to update the timetable for the effectivity of the amendment(s).