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 17, 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) 667-6388

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 6-2 - Declaration of Stock Dividends References: SRC Rule 17 (SEC Form 17-C) and
Sections 6 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Declaration of Stock Dividends
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.

Type of Securities

• Common
• PreferredN/A
• OthersN/A

Stock Dividend

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
Stock Dividend Rate	27%

Source of Dividend Payment
Stock dividend equivalent to 27% of the Bank’s outstanding capital stock, amounting to 635,519,133 shares with par value of Php 6,355,191,330.00, to comply with the required subscription of at least 25% of the increase in authorized capital stock amounting to Php 25,000,000,000.00.

Source of Shares for Distribution	To be taken from the unissued capital stock Number of Shares to be Issued : - To be taken from an increase in authorized capital stock From: Php 35,307,852,380.00 To:Php 60,307,852,380.00 Number of Shares to be Issued : 635,519,133 Others: - Number of Shares to be Issued : -
Record Date	TBA
Payment Date	TBA

Other Relevant Information
The disclosure is being amended to reflect the date of approval by the Bangko Sentral ng Pilipinas of the amendments to the Bank's Articles of Incorporation.