January 7, 2020

PHILIPPINE STOCK EXCHANGE

6th Floor, PSE Tower

28th St. corner 5th Ave. BGC, Taguig City

Attention: Ms. Janet A. Encarnacion

Head, Disclosure Department

PHILIPPINE DEALING & EXCHANGE CORP.

29th Floor, BDO Equitable Tower

8751 Paseo de Roxas, Makati City

Attention: Atty. Marie Rose M. Magallen-Lirio

Head, Issuer Compliance and Disclosure Department

Re: BDO Unibank, Inc. - Redemption of Series 2014-1

Unsecured Subordinated Notes

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Ladies and Gentlemen:

Please be informed that BDO Unibank, Inc. (BDO) shall be notifying the holders of the Series 2014-1 Unsecured Subordinated Notes Eligible as Tier 2 Capital due 2025 (the Tier 2 Notes) issued last 10 December 2014 of the exercise of its right to redeem on 10 March 2020 (the Optional Redemption Date). The redemption of all the Tier 2 Notes is pursuant to the Terms and Conditions of said Notes.

On the Optional Redemption Date, all of the Tier 2 Notes shall be redeemed for cash at a redemption price equal to the face value of the Tier 2 Notes plus accrued interest covering the accrued and unpaid interest as of but excluding 10 March 2020.

Thank you.

Very truly yours,

ELMER B. SERRANO

Corporate Information Officer

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BDO Unibank Inc. published this content on 21 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 January 2020 10:03:04 UTC