Merger of Bank of the Philippine Islands and BPI Family Savings Bank, Inc.

Reference No. FSD3-202112-0257c_G2D7-M-BPI CIRCULAR LETTER NO. CL-2021-___ 105 FINANCIAL SUPERVISION SECTOR OFFICE OF THE DEPUTY GOVERNOR To : All BSP-Supervised Financial Institutions Subject : Merger of Bank of the Philippine Islands and BPI Family Savings Bank, Inc. The Securities and Exchange Commission approved on 21 December 2021 the Articles, Plan, and Supplemental Plan of Merger executed on 28 April 2021, 23 March 2021, and 9 December 2021, by and between, Bank of the Philippine Islands (BPI), the surviving corporation, and BPI Family Savings Bank, Inc. (BPIFB), the absorbed corporation, whereby the entire assets and liabilities of BPIFB will be transferred to and absorbed by BPI. The merger will take effect on 1 January 2022. For information and guidance. Digitally signed by Chuchi G. Fonacier Date: 2021.12.29 17:33:04 +08'00' CHUCHI G. FONACIER Deputy Governor 29 December 2021 FSS Licensing Form No. 02-019 * Version 0 * Updated 29 November 2021