BDO Unibank : Results of Board Meeting (January 7, 2017)

BD

January 9, 2017

THE PHILIPPINE STOCK EXCHANGE

Tower One and Exchange Plaza Ayala Triangle,Ayala Avenue Makati City

Attention: MS. JANET A. ENCARNACION

Head, Disclosure Department

MS. DIANNE EILEEN A. CENIDOZA

Analyst, Disclosure Department

PHILIPPINE DEALING & EXCHANGE CORP.

37/F,Tower 1, The Enterprise Center

6766 Ayala Ave., cor.Paseo de Roxas, Makati City

Attention: MS. VINA VANESSA S. SALONGA

Head, Issuer Compliance and Disclosure Department (/COD)

Ladies and Gentleman:

Please be informed that the Board of Directors of BOO Unibank, Inc. (the "Bank"), at its regular board meeting held on January 7, 2017, approved the following:

1. Conversion of One Billion (1,000,000 ,000) unissued preferred shares of the Bank, consisting of Five Hundred Million (500,000,000) unissued Series A Preferred Shares and Five Hundred Million (500,000,000) unissued ordinary Preferred Shares, each with a par value of Ten Pesos (P10.00) per share, into One Billion (1,000,000,000) common shares with a par value of Ten Pesos (1910.00) per share, and the corresponding amendment of the Seventh Art icle of its Articles of Incorporation to reflect said conversion; and

2. Setting of the Annual Stockholders' Meeting of the Bank on April 20, 2017 and March 8, 2017 as the record date for stockholders entitled to vote and participate at such meeting.

At the same meeting, the Board accepted the resignation of Mr. Jonathan Cuevas Diokno, Senior Vice President and Head of Remittance Origination, effective January 1, 2017.

We trust you will take note accordingly. Thank you.

BOO Unibank,Inc. BOO Corporate Center 7899 Makat1 Avenue

MakatiCity 0726. Philippines

Swift Code BNORPHMM Tel [phone]

Very truly yours,

.,.,,,-/

MA.CECILIA S. SANTOS

FVP & Alternate Corporate Information Officer

www bdo.comph Wefindways