Philippine National Bank announced the Exchange that during its meeting held December 29, 2022, the PNB Board of Directors approved and confirmed the following: Appointment of Mr. Felix Enrico R. Alfiler as Director of the Bank, effective December 29, 2022. Mr. Alfiler is currently a Board Advisor of the Bank. He was an Independent Director of the Bank from January 1, 2012 to April 26, 2021.

Mr. Alfiler completed his undergraduate and graduate studies in Statistics at the University of the Philippines. He undertook various continuing education programs, including financial analysis and policy, at the IMF Institute of Washington, D.C. in 1981 and on the restructured electricity industry of the UK in London in 1996. Presently, he is the Chairman/Independent Director of PNBRCI Holding Co.

Ltd., PNB International Investments Corp. and Summit General Insurance Corporation. Revisions to the memberships of the following Board Committees: Appointed Felix Enrico R. Alfiler as Member of Executive Committee.

Board Strategy and Policy Committee: Appointed Felix Enrico R. Alfiler as Chairman in place of Leonilo G. Coronel. Appointed Leonilo G. Coronel as member of Board Strategy and Policy Committee from Chairman. Trust Committee: Appointed Felix Enrico R. Alfiler as Member.

Board IT Governance Committee: Appointed Felix Enrico R. Alfiler as Member.