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)

Apr 19, 2024

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	2,989,259,518

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 4-14 - Stock Rights Offering References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Stock Rights Offering
Background/Description of the Disclosure
Please be informed that The Philippine Stock Exchange, Inc. (“PSE”) per its Notice of Approval issued on April 17, 2024, has approved the application of Union Bank of the Philippines (the “Bank”) to list up to 450,204,078 common shares (“Rights Shares”) subject of its Stock Rights Offering (the “Offer”) with a total transaction value of up to Php10,000,000,000.00. The Rights Shares will be offered to all stockholders as of the proposed record date at an Offer Price per Rights Share representing a 15% to 25% discount based on the volume-weighted average price for fifteen (15) consecutive trading days prior to and including the relevant pricing date. The PSE also approved the following indicative timetable of the Offer activities of the Bank. On April 2, 2024, the Securities and Exchange Commission issued a Notice of Confirmation of Exempt Transaction confirming that the Offer is exempt from the registration requirements of the Securities Regulation Code. Please refer to the following link for the Preliminary Offer Terms Sheet posted on the PSE EDGE website: https://edge.pse.com.ph/openDiscViewer.do?edge_no=65884c66e01577a1abca0fa0c5b4e4d0 The market price and number of outstanding shares of the Bank will be adjusted on the ex-date.

Date of Approval by Board of Directors	Jan 26, 2024
Entitlement Ratio	TBA
Offer Price	TBA
Number of Shares to be Offered	up to 450,204,078
Ex-Rights Date	May 8, 2024
Record Date	May 9, 2024
Start of Offer Period	May 16, 2024
End of Offer Period	May 24, 2024

Use of Proceeds
Net proceeds will be used to fund the capital infusion to UnionDigital, projected retail loan availments, and/or for general corporate purposes.
Other Relevant Information
The disclosure is being amended to reflect the Notice of Approval by the PSE, the indicative timetable of the Offer activities, the Notice of Confirmation of Exempt Transaction by the SEC, and the Preliminary Offer Terms Sheet posted on the PSE EDGE website.