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)

Sep 20, 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

22/F-28/F AYALA TRIANGLE GARDENS TOWER 2, PASEO DE ROXAS COR. MAKATI AVE., BEL-AIR, MAKATI CITY Postal Code 1226

8. Issuer's telephone number, including area code

(632)8663-6525(CORPSEC OFFICE)/(632)8663-6733(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 4-8 - Change in Directors and/or Officers
(Resignation/Removal or Appointment/Election)
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Changes in the Board of Bank of the Philippine Islands ("BPI")
Background/Description of the Disclosure
Further to the disclosure dated 04 September 2023, please be informed that, at the regular meeting of the Board of Directors (the “Board”) of Bank of the Philippine Islands (BPI) held today, 20 September 2023, the Board elected Mr. Fernando Zobel de Ayala (“Mr. Zobel”) as Director vice Mr. Romeo L. Bernardo (“Mr. Bernardo”) who had resigned effective 12 September 2023 in view of his appointment to the Monetary Board of the Bangko Sentral ng Pilipinas (BSP). Mr. Zobel was also appointed as member of the Executive Committee and Personnel and Compensation Committee vice Mr. Bernardo. Mr. Zobel’s election to the BPI Board is subject to confirmation/approval of the Monetary Board. With his election to the Board of Directors, Mr. Zobel will no longer be a member of BPI’s Advisory Council.

Resignation/Removal or Replacement

Name of Person	Position/Designation	Effective Date of Resignation/Cessation of term (mmm/dd/yyyy)	Reason(s) for Resignation/Cessation
-	-	-	-

Election or Appointment

Name of Person	Position/Designation	Date of Appointment/Election (mmm/dd/yyyy)	Effective Date of Appointment Election (mmm/dd/yyyy)	Shareholdings in the Listed Company		Nature of Indirect Ownership
				Direct	Indirect
Fernando Zobel de Ayala	Director	Sep/20/2023	Sep/20/2023	96,327	-	-

Promotion or Change in Designation

Name of Person	Position/Designation		Date of Approval (mmm/dd/yyyy)	Effective Date of Change (mmm/dd/yyyy)	Shareholdings in the Listed Company		Nature of Indirect Ownership
	From	To			Direct	Indirect
-	-	-	-	-	-	-	-

Other Relevant Information

Mr. Zobel serves as special advisor to the Board of Directors of Ayala Corporation and Ayala Land, Inc. He is an independent director of Shell Pilipinas Corporation (formerly Pilipinas Shell Petroleum Corporation) and chairman of Alabang Commercial Corp., Accendo Commercial Corp. and Ayala Foundation, Inc. He is the vice-chairman of AC Ventures Holdings, Inc., and a director of AC International Finance Ltd. and AG Holdings Ltd. He also serves as member of the board of trustees of Pilipinas Shell Foundation. He holds a liberal arts degree from Harvard College and a Certificate of International Management (CIM) from INSEAD, France.