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

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 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Clarification of News Article published in Business World

Source	Business World
Subject of News Report	UnionBank gets BSP approval to operate as VASP
Date of Publication	Sep 20, 2023

Clarification of News Report
We respond to the letter dated September 20, 2023 of the Philippine Dealing and Exchange Corp. with Reference No. CL-2023-05P-UBP seeking confirmation of the news article published in Business World entitled “UnionBank gets BSP approval to operate as VASP”, which states: “UNION BANK of the Philippines, Inc. (UnionBank) has received approval from Bango Sentral ng Pilipinas (BSP) to operate as a virtual asset service provider (VASP), letting customers buy and sell Bitcoin and other cryptocurrencies through its mobile app. The new feature will be gradually introduced next quarter and will make UnionBank the first and only universal bank to offer virtual asset exchange services, the Aboitiz-led bank said in a statement on Tuesday. “This milestone represents a significant leap forward for UnionBank as we continue to revolutionize the banking landscape. By obtaining this license, we are not only paving the way for even more groundbreaking opportunities, but also enchancing our digital capabilities and further transforming the way our customers interact with us,” UnionBank President and Chief Executive Officer Edwin R. Bautista said. The new feature will also allow customers to manage both traditional banking and digital assets within a single mobile platform, UnionBank said. The virtual asset exchange feature was previously only accessible to randomly selected users of UnionBank’s mobile app through a limited VASP license, the bank said. xxx xxx xxx” We confirm the above-quoted excerpt from the article.
Other Relevant Information
N/A