BDO Unibank : Clarification of News Reports

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) Jul 25, 20222. SEC Identification Number 340013. BIR Tax Identification No. 000-708-174-0004. Exact name of issuer as specified in its charter BDO Unibank, Inc.5. Province, country or other jurisdiction of incorporation Metro Manila6. Industry Classification Code(SEC Use Only) 7. Address of principal office BDO Corporate Center, 7899 Makati Ave., Makati CityPostal Code07268. Issuer's telephone number, including area code (632) 8840-7000 / 8702-60009. Former name or former address, if changed since last report --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	4,386,623,003
Preferred	515,000,000

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.

BDO Unibank, Inc.BDO PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Clarification on the news article entitled ""Dennis Uy's Udenna insists not in debt default"

Source	abs-cbn.com
Subject of News Report	"Dennis Uy's Udenna insists not in debt default"
Date of Publication	Jul 23, 2022

Clarification of News Report

Ladies and Gentlemen: We write in connection with the request of The Philippine Stock Exchange, Inc. for clarification of the news article entitled "Dennis Uy's Udenna insists not in debt default" posted in abs-cbn.com on July 23, 2022. We confirm that BDO, as majority lender, has issued a Notice of Default on Clark Global City Corp. (CGCC), a company controlled by Businessman, Dennis A. Uy, in relation to its obligations under the Master Lease Agreement between Clark International Airport Corporation (CIAC) and Global Gateway Development Corporation (GGDC), a subsidiary of CGCC. CGCC has assured BDO that it is in the process of updating its obligations to its lessor, CIAC, on or before 27 July 2022. The relevant obligations of CGCC to BDO are secured and a default will not have a material adverse effect on the financial condition and business of BDO. Thank you.

Other Relevant Information

Earlier disclosure is being amended to include additional information requested by the Exchange.

Filed on behalf by:

Name	Elmer Serrano
Designation	Corporate Information Officer