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)

Dec 15, 2023

2. SEC Identification Number

ASO96-005555

3. BIR Tax Identification No.

000-188-209-000

4. Exact name of issuer as specified in its charter

Philippine National Bank

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

PNB Financial Center, President Diosdado Macapagal Boulevard, Pasay City, Metro Manila Postal Code 1300

8. Issuer's telephone number, including area code

(632) 8526-3131 to 70

9. Former name or former address, if changed since last report

Not Applicable

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 Shares	1,525,764,850

11. Indicate the item numbers reported herein

Item 4

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.

Philippine National BankPNB

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
Results of the Meeting of the Board of Directors held on December 15, 2023
Background/Description of the Disclosure
We wish to advise the Exchange that during its meeting held today, December 15, 2023, the PNB Board of Directors noted, approved and confirmed the following: 1. End of Management Contract of Ms. Teresita U. Sebastian, SVP and Head of International Banking & Remittance Group (IBRG) under the Retail Banking Sector, effective December 19, 2023; 2. Appointment of Mr. Jose German M. Licup, FSVP, as Head of IBRG under the Retail Banking Sector in concurrent capacity as Chief of Staff under the Office of the President effective December 20, 2023, vice SVP Teresita U. Sebastian; 3. Appointment of Mr. Jose German M. Licup, FSVP, as Director with Senior Management Function 7 of PNB (Europe) PLC, subject to the final approval of the UK Regulators, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), vice SVP Teresita U. Sebatian; and 4. Mandatory retirement of Mr. Cenon C. Audencial, Jr., EVP and Head of the Institutional Banking Sector, effective January 31, 2024. Further, please be advised that Mr. Licup has no beneficial ownership over any PNB shares as of date. We trust you will take note accordingly. Thank you.

Resignation/Removal or Replacement

Name of Person	Position/Designation	Effective Date of Resignation/Cessation of term (mmm/dd/yyyy)	Reason(s) for Resignation/Cessation
Teresita U. Sebastian	Senior Vice President and Head of International Banking & Remittance Group	Dec/19/2023	End of Management Contract
Cenon C. Audencial, Jr.	Executive Vice President and Head of the Institutional Banking Sector	Jan/31/2024	Retirement

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
N.A.	N.A.	N.A.	N.A.	0	0	N.A.

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
Jose German M. Licup	First Senior Vice President and Chief of Staff under the Office of the President	First Senior Vice President and Head of International Banking & Remittance Group under the Retail Banking Sector in concurrent capacity as Chief of Staff under the Office of the President	Dec/15/2023	Dec/20/2023	0	0	N.A.
Jose German M. Licup	First Senior Vice President and Chief of Staff under the Office of the President	First Senior Vice President and Chief of Staff under the Office of the President and Director of PNB (Europe) PLC	Dec/15/2023	TBA	0	0	N.A.

Other Relevant Information
None.