During the Organizational Meeting of the Board of Directors of Philippine Business Bank, Inc. that was held immediately after the Annual Stockholders' Meeting, the Board Committees were constituted. Executive Committee: Jeffrey S. Yao, Chairman; Rolando R. Avante, Vice-Chairman, President and CEO/Director; Honorio O. Reyes-Lao, Director; Benjamin R. Sta. Catalina, Jr., Director; Roberto A. Atendido, Director; Narciso DL.

Eraña, Independent Director; Roberto C. Uyquiengco, Independent Director. Audit Committee: Benel D. Lagua, Independent Director; Roberto C. Uyquiengco, Independent Director; Asterio L. Favis, Jr., Independent Director; Benjamin R. Sta. Catalina, Jr., Director; Honorio O. Reyes-Lao, Director.

Risk Oversight Committee: Asterio L. Favis, Jr., Independent Director; Narciso DL Eraña, Independent Director; Benel D. Lagua, Independent Director; Roberto C. Uyquiengco, Independent Director; Roberto A. Atendido, Director; Benjamin R. Sta. Catalina, Director; Honorio O. Reyes-Lao, Director. Corporate Governance /Nomination Committee: Roberto C. Uyquiengco, Independent Director; Benel D. Lagua, Independent Director; Narciso DL.

Eraña, Independent Director; Diosdado M. Peralta, Independent Director; Roberto A. Atendido, Director. Related Party Transactions Committee: Narciso DL Erañam, Independent Director; Asterio L. Favis, Jr., Independent Director; Diosdado M. Peralta, Independent Director; Benel D. Lagua, Independent Director; Benjamin R. Sta. Catalina, Jr., Director.

Trust Committee: Roberto A. Atendido, Director; Rolando R. Avante, Vice-Chairman, President and CEO/Director; Narciso DL. Eraña, Independent Director; Dr. Leticia M. Yao, Director; Arturo Lipio Jr., Trust Officer.