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)

Jul 31, 2023

2. SEC Identification Number

17514

3. BIR Tax Identification No.

000-599-760-000

4. Exact name of issuer as specified in its charter

RIZAL COMMERCIAL BANKING CORPORATION

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

6819 Ayala cor Gil J. Puyat Ave. Makati City Postal Code 1720

8. Issuer's telephone number, including area code

+632 894 9000

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	2,250,916,144

11. Indicate the item numbers reported herein

1

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.

Rizal Commercial Banking CorporationRCB

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

Subject of the Disclosure
Sale of Treasury
Background/Description of the Disclosure
On 2 July 2021, RCBC was able to secure PSE approval of Listing of 315,287,248 Treasury Shares (reference to PSE Notice LN00145-2021) and the shares was eventually listed last 14 July 2021. This came from the Treasury shares resulting from the merger of RCBC and RCBC Savings Bank (see Circular Number C02807-2021). On November 2, 2022 the Board of Directors approved the sale of 213,437,248 common stock held as treasury shares in the Bank to Sumitomo Mitsui Banking Corporation (“SMBC”), the commercial banking arm of Sumitomo Mitsui Financial Group (“SMFG”) which is the second largest bank in Japan, at a price per Sale Share of PhP 71.00 subject to the terms and conditions of the Share Sale and Purchase Agreement. On July 31, 2023, there was a block sale of shares to SMBC through RCBC Securities. This came from the treasury shares resulting from the merger of RCBC and RCBC Savings Bank. The sale of 213,437,248 Shares held by the Bank in treasury to SMBC at a price per Sale Share of PhP71.00.

Type of Securities

• Common
• Preferred-
• Others-

Details of Sale of Treasury Shares

Date of Transaction	Number of Shares Sold	Price Per Share
Jul 31, 2023	213,437,248	71.00

Effects on Number of Shares

	Before	After
Outstanding Shares	2,037,478,896	2,250,916,144
Treasury Shares	213,437,248	0

Cumulative Number of Shares Sold to Date 1	315,287,248
Number of Shares Authorized for Sale	213,437,248

Other Relevant Information
Please see attached file. Outstanding Shares of 2,250,916,144 pertains only to the Treasury Shares subject of the Block Sale.

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