Amendments to the foreign exchange regulations

Bauexo SeNrnlL Ne PlutplNAs OFFICE OF THE GOVERNOR crRcuLAR NO. 1030 Series of 2019 Subject: Amendments to the foreign exchange regulations The Monetary Board (MB), in its Resolution No. 31 dated 10 January 2019, as amended by MB Resolution No. 66.A dated 17 January 20L9, approved the following revised rules and regulations governing foreign exchange transactions: SECTION 1. The following provisions of the Manual of Regulations on Foreign Exchange Transactions (FX Manual, issued under Circular No. 645 dated 13 February 2009, as amended) are further revised as follows: "PART ONE. RUTES ON FOREIGN EXCHANGE TRANSACTIONS Chapter I GENERAT PROVISIONS xxx 5. For (a) registration of private sector foreign loans/borrowings without public sector guarantee; (b) registration of inward investments; and (c) sale of FX by banks covering various FX transactions, the supporting documentsl may be submitted through electronic means2 to the BSP or AABs/AAB forex corps; Provided, the submitting party shall attest to the: (a) integrity and authenticity of the submitted documents; (b) transmittal of the supporting documents made via official channel; and (c) availability of the hard copy of original/photocopy of documents upon request by the BSP for verification. Hard copy of the documents submitted electronically shall be retained for a period of five (5) years from the time of submission thereof. Except for the following documents which are required to be presented/submitted in hard copies: (a) BSP-issued documents (e.9., BSP Approval, Bangko Sentral Registration Document); and (b) Annex N of the FX Manual (a) BSP - through the Foreign Loan Approval and Registration System (for registration of foreign loans/borrowings) and to [email protected] (for registration of inward investments); and (b) AABs/AAB forex corps - through official email/electronic/digital channel/system designated by banks subject to their due diligence f"Know Your Custom er" f risk management policies. The BSP will accept no responsibility for electronic messages that may be hacked or cracked, intercepted, copied or disclosed (without authorization) outside BSP's information system. A. Mabini St., Malate 1004 Manila, Philipping5 . (632) 7O8-77Ot. www.bsp.gov.ph . [email protected]

6. All sales of FX by AABs/AAB forex corps under the FX Manual for settlement of FX transactions are subject to the submission by the FX purchaser of a duly accomplished Application To Purchase Foreign Exchange using the prescribed form (Annex A). Duly accomplished application form (Annex A), as well as supporting documents for sale of FX by AABs/AAB forex corps, may be submitted in accordance with Item 5 above. AABs/MB forex corps/transacting parties shall make available the original/electronic/digital/photocopy (as applicable) of documents upon request by the BSP for verification. 7. xxx 8. xxx." "PART TWO. CURRENT ACCOUNT TRANSACTIONS Chapter I NON-TRADE FOREIGN EXCHANGE RECEI PTS AND DISBURSEME NTS, CROSS-BORDER TRANSFER OF LOCAT AND FOREIGN CURRENCIES, AND GOLD TRANSACTIONS XXX Section 3. Peso Accounts ot, and Sale of Foreign Exchange to, Non-Residents 1. Peso Accounts of Non-residents. All peso deposit accounts of non-residents, including foreign banks, opened/maintained with AABs operating in the Philippines, shall be funded only by the following, subject to the provisions of Appendix 1.1: a. xxx e. onshore peso funds of: (i) foreign students enrolled for at least one (1) semester in the Philippines; and (ii) non-resident Filipinos; f. cash collateral used for investments under Securities Borrowing and Lending or similar arrangements; and peso proceeds from the onshore sale by non-resident issuers of their equity and debt securities under Section 34. 2. Sale of FX to Non-Residents a. Non-residents. Depository AABs may sell FX up to an amount equivalent to the balance of peso deposit accounts of non-residents referred to above Paee 2 ol 27

that are funded by ltem nos. 1(b) to 1(g) of this Section without need for prior BSP approval, subject to the submission of a duly accomplished Application to Purchase FX using the prescribed format (Annex A). xxx b. Non-resident issuers of equity and debt securities under Section 34. Depository AABs may sell the equivalent FX to non-resident issuers or their authorized representative up to the amount deposited in the peso account that are funded by Item no. L(9) upon presentation to the AAB of the original BSP letter-authority to purchase FX and submission of a duly accomplished Application To Purchase FX (Annex A). xxx" 'PART THREE. FINANCIAT ACCOUNT TRANSACTIONS Chapter I LOANS/BORROWT NGS AND GUARANTEES Section 22. General Policy. x x x xxx 2. Foreign loans/borrowings (including those in the form of bonds/notes/ other debt instruments and those covered by derivatives transactions3) as well as foreign currency loans from banks operating in the Philippines to be obtained by the public sector as well as the private sector that will be publicly-guaranteed shall require prior BSP approval unless otherwise indicated in the FX Manual. For amendments/changes to these loans, the following shall be complied with: Nature of Amendment Requirement t. For public sector loans with MB approval-in-principle; and For publiclv-guaranteed private sector loans with MB approval Change in: borrower/guarantor; purpose; financial MB approval shall be obtained prior to terms and conditions of loans/borrowingsa the signing of the covering agreement/ (e.g., those involving change in: loan amoun! effectivity of change. interest rate; fees, charges or other costs; frequency of payments/servicing; loan tenor/maturity) b. Change in: creditor or creditor's name (e.g., due to Notice to the BSP shall be sent within merger; corporate restructuring; among others); one (1) month from availability of availability/closing date; financial ratios; information. Refer to foreign loans/borrowings that are hedged/funded by derivatives 4 Excluding change in: creditor or creditor's name (e.g., due to merger; corporate restructuring; among others); availability/closing date; financial ratios; covenants; related hedging instruments

Nature of Amendment Requirement covenants; related hedging instruments; changes other than those in item a above tl For public sector loans with final MB approval; and For publiclv-euaranteed private sector loans with BSP registration a. Change in: borrower/guarantor; purpose; financial MB approval shall be obtained prior to terms and conditions of loans/borrowingsa the signing of the covering agreement/ (e.g., those involving change in: loan amoun! effectivity of the change. interest rate; fees, charges or other costs; frequency of payments/servicing; loan tenor/maturity; prepayments/acceleration of oavments) b. Change in: creditor or creditor's name (e.g., due to Notice to the BSP shall be sent within merger; corporate restructuring; among others); one (1) month from availability of availability/closing date; financial ratios; information. covenants; related hedging instruments; changes other than those in item a above xxx Section 24. Private Sector Loans/Borrowings - 1. Prior BSP approval shall be obtained for publicly-guaranteed private sector foreign/foreign currency loans/borrowings, including issuances of the following: xxx The loans/borrowings shall be registered with the BSP to allow servicing of payments using FX resources of AABs/AAB forex corps. Applications for loan approval (Annex D.2.A) and registration (Annex D.2.B) shall be in the prescribed BSP forms and filed with the BSP, together with supporting documents/information, as follows: xxx 2.Private sector foreign loans/borrowings (including those in the form of bonds/notes/other debt instruments issued offshore) that are not publicly-guaranteeds and not covered by Section 24.3 shall be subject to registration with the BSP if these will ultimately be serviced with FX resources of AABs/AAB forex corps. The borrower shall: a. Submit a Notice to the BSP (Annex E.3), supported with a copy of the signed covering agreement(s)/document(s), within one (1) month from date of signing; b. Send a notification to BSP for: (i) change/s in the loan's financial terms and conditions6; or (ii) cancellation (whether partial or in full) Including those that do not involve any exposure of a government-owned/controlled entity Financial terms and conditions refer to committed amount, purpose, currency, interest rate, fees/charges, tenor, amortization schedule, default rate and prepayment. Changes in Page 4 ot 27

of the loan/commitment/agreement, within 15 banking days from availability of information/signing of the amended or supplemental agreement/effectivity date as the case may be, for monitoring purposes; and c. Apply for loan registration with the BSP within one (1) month from drawdown date (for short-term loans) and within six (6) months from utilization of proceeds (for medium- and long-term loans), using the prescribed form (Annex D.2.8), if the loan will ultimately be serviced with FX resources of AABs/AAB forex corps. 3. The following private sector loans shall not require prior BSP approval and subsequent registration; Provided, these are duly reported to the BSP by the borrower/creditor using the prescribed forms: a. Foreign currency loans of resident borrowers from banks operating in the Philippines; Provided, that the obligations: (i) are not publicly-guaranteed; and (ii) are reported by the creditor bank to the BSP using the prescribed forms (Annexes E.4 and E.5); XXX d. Short-term trade loans of resident exporters/importers from OBUs and non-resident non-bank creditors that have been granted under BSP-reported lending programs; Provided, that the following reports shall be submitted to the BSP: i. By the borrower - monthly report on transactions and status of their short-term loans within five (5) banking days after end of reference month using the prescribed form (Annex E.1) until the obligations are fully settled; and ii. By the creditor OBU - Schedule 4A (Part l) & 48 (Part ll) - "Consolidated Report on Loans Granted by OBUs to Residents" of the "Statement of Assets and Liabillties" report of OBUs. 4. Private sector foreignforeign currency loans/borrowings may be obtained to refinance outstanding foreignforeign currency loans/borrowings; Provided, that the obligations to be refinanced are duly registered (for those requiring registration) with, or reported (for those requiring mere reporting) to, the BSP, pursuant to Section s 24.t to 24.3. borrower/issuer/creditor/guarantor, availability/closing date, financial ratios/covenants, and/or availments/amendments/cancellation of related hedging instruments shall also be included in the notification to BSP. Paees of 27

Section 25. Servicing 1. The following shall be subject to prior BSP approval: a. Prepayment of public sector/publicly-guaranteed private sector loans; and b. Payment by the public sector: (i) for loans that are past due for more than one (1) month from original due date; and (ii) under the guarantee covering publicly-guaranteed private sector loans that are past due. 2. The borrower or its duly authorized representative shall submit a notice to the BSP at least one (1) month prior to target date of purchase of FX for the following private sector loans/borrowings that are not publicly-guaranteed: a. Prepayment of BSP-registered loans/borrowings [except for prepayment of BSP-registered short-term private sector loans/borrowings (including those in the form of bonds/notes/other debt instruments) that are not publicly-guaranteed, which do not require prior BSP notificationl; and b. Payments on loans/borrowings that are past due for more than one (1) month from original due dates. xxx 5. FX sold by AABs/AAB forex corps for payments on loans/borrowings (including those in the form of bonds/notes/other debt instruments) and related fees/charges shall either be: a. xxx b. x x x and (iii) the resident borrower shall include in the remittance instructions to the remitting bank, the purpose of the remittance. The remitting bank shall report the FX remittances to BSP under the applicable schedule/s of FX Form 1, based on instructions of, and the purpose declared by, the FX purchaser. xxx Section 30. Guarantees and Other Similar Arrangements 1. xxx

2. The following guarantees (including risk take-over and similar arrangements) for account of the private sector shall neither require prior BSP approval nor registration but shall be reported regularly to the BSP by AABs as issuer/beneficiary using the prescribed form (Annex G-Part A if AAB is issuer; or Annex G-Part B if AAB is beneficiary) until the contingent obligations are fully extinguished, to be eligible for servicing using FX resources of AABs/AAB forex corps: a. Guarantees to be issued by resident banks (including public sector banks) and non-bank financial institutions with quasi-banking functions, in favor of non-residents such as: xxx b. Guarantees to be issued by non-resident banks/financial institutions as well as other non-resident entities to secure peso loansfforeign currency loans of the private sector from banks operating in the Philippines under Section 24.3.a and non-bank financial institutions with quasi-banking functions. Payments related to duly reported guarantees [e.g., guarantee fees/charges; payments for: (a) call on the guarantees; and (b) obligation resulting from such call on the guarantee] may be serviced using FX resources of AABs/AAB forex corps. 3. Guarantees that are related to foreign/foreign currency loans/borrowings under Sections 23 and 24 (except those covered under Section 24.3.a1must already form part of the loan terms submitted/reported to BSP (as applicable). ln case of a call on such guarantee: a. The borrower/guarantor shall notify the BSP at least 10 banking days prior to target date of settlement of the call on the guarantee to allow servicing using FX resources of MBs/AAB forex corps; and b. xxx 4. Guarantees or similar arrangementsT which may give rise to actual foreign obligations of residents to non-residents that do not fall under Sections 30.1 to 30.3 shall be: a. Registered with the BSP to allow servicing of payments related thereto [e.g., guarantee fees/charges; payments for: (i) call on the guarantees; and (ii) obligation resulting from such call on the guaranteel using FX resources of AABs/AAB forex corps. The filing of applications for registration shall be made within six (6) months from date of signing of the covering agreement but not later than 15 banking days from target date of purchase of FX; and Such as guarantees issued by: (a) non-residents for transactions between non-bank residents; and (b) non-bank residents for transactions between non-residents PageT ol 27

b. Reported regularly to the BSP by the resident obligee using the prescribed form (Annex H) until the contingent obligations are fully extinguished. 5. AABs/AAB forex corps may sell FX to settle obligations of residents/convert to FX the peso receipts of non-residents under the guarantees, as these fall due without prior BSP approval, upon submission to the FX selling institution of a duly accomplished and signed Application To Purchase FX (Annex A), supported by documents listed under Appendix 1.3. The remitting bank shall report the FX remittances to BSP under the applicable schedule/s of FX Form 1, based on instructions of, and the purpose declared by, the FX purchaser. Section 31. Other Financing Schemes/Arrangements 1. XXX lmplementing agencies/proponents of projects under BOT/similar financing arrangements shall submit the following reports to BSP: a. Yearly Projected Funding Requirements for BOT/Other Similar Financing Schemes (Annex l-Part A), on or before September 30 of the year preceding the reference period; and b. Monthly Report on Payments under BOT/Other Similar Financing Schemes (Annex l-Part B) within ten (10) banking days from end of reference month. 2. xxx The transaction shall comply with rules on cross-border transfer (import and export) of Philippine currency as well as pertinent rules and regulations of other government agencies/entities. The issuer shall: (a) submit to the BSP a notice on: (i) the bond transactions using the prescribed form (Annex E.3), together with copies of the signed covering agreements/documents and final offering circular (if any) within 30 calendar days from issue date; and (ii) change/s in the financialterms and conditionss of the issuance within two (2) weeks from availability of information for monitoring purposes; and (b) register with the BSP within 30 calendar days from issue date if same will be serviced using FX resources of AABs/AAB forex corps. I Financial terms and conditions refer to committed amount, purpose, currency, interest rate, fees/charges, tenor, amortization schedule, default rate and prepayment. Changes in borrower/issuer/creditor/guarantor, availability/closing date, financial ratios/covenants, and/or availments/amendments/cancellation of related hedging instruments shall also be included in the notice to BSP. PaEe 8 of 27

xxx" "Chapter ll INWARD INVESTMENTS Section 32. General Policy. The BSP supports the country's thrust to promote a policy environment conducive to sustained inflow of foreign investments to help foster economic development and growth. 1. Inward foreign investments are investments by non-residents in the form of: (a) foreign direct investments covered by Sections 33.1 and 33.3; (b) foreign portfolio investments covered by Sections 33.2 and 33.3; and (c) other investments covered by Section 33.4. Non-resident investors may likewise invest in instruments covered by Sections 34 and 35. 2. These investments need not be registered with the BSP unless the repatriation of capital and/or the remittance of related earnings in pesos thereon shall be funded with FX resources of AABs/AAB forex corps. A Bangko Sentral Registration Document (BSRD) shall evidence the BSP registration of investments. 3. These investments may be funded as follows: a. In cash (e.9., inward remittance of FX), as well as funding from: (i) peso balances of the non-resident investor's onshore peso deposit account under Section 3.1 and interim peso deposit accounts under Section 41; and (ii) constructive remittance of FXe; and b. In kind (e.g., machinery and equipment, raw materials, supplies, spare parts and other items that are actually transferred to the Philippines, as well as intangible assets). 4. The categories of investments referred to in Sections 33 and 34 shall be used for reporting purposes to the BSP. 5. Investments shall comply with all applicable laws, rules and regulations, including those issued by the BSP (e.g., prohibition against non-resident investments, whether directly or indirectly, in the BSP term deposit facility). e Constructive remittance refers to FX funding credited to offshore FX account of resident investee firm/intended beneficiary/onshore bank without actual inward remittance of FX but such funding is booked onshore as investment in the records of the investee firm.

Section 33. Inward Foreign Investmentslo in Instruments lssued by Residents. These refer to the following investments by non-residents in instruments issued/created onshore by residents: 1. Foreign direct investment is a category of cross-border investment associated with a resident in one economy having controlll or a significant degree of influencel2 on the management of an enterprise that is resident in another economy. This includes the following: a. (i) Assigned Capital and Operational Working Fund - for onshore branches/regional headquarters/regional operating headquarters and offices/representative offices; and (ii) Contributed Capital - for onshore partnerships/joint ventures; b. Ownership or purchase of condominium unit; and c. Capitalized expenses incurred by foreign firms pursuant to government-approved service contracts/similar contracts for oil, gas, and geothermal energy exploration/development. 2. Foreign portfolio investment is a cross-border transaction and position involving debt or equity securities, other than those included in foreign direct investment. This includes debt securities issued by the National Government and other public sector entities. 3. The following investment instruments may fall under the category of foreign direct investments or foreign portfolio investments depending on the degree of control or influence of the investor in the investee firm13 which can be determined regardless of the investment instruments as defined under Sections 33.1 and 33.2: a. Equity securities that are - (i) not listed; and (ii) listed at an onshore exchange [e.g., Philippine Stock Exchange (PSE)]; b. Debt securities (e.g., notes, bonds and non-participating preferred shares) issued by private sector residents that are not covered by the provisions of Part Three, Chapter I of the FX Manual (Loans and Guarantees) - (i) not listed; and (ii) listed at an onshore exchange [e.g., PSE, Philippine Dealing and Exchange Corporation (PDEX)l; For details on the definition of foreign investments, International Monetary Fund's Balance of Payments and International Investment Position Manual, 6th Edition (BPM6)shall apply. 1t "Control" is determined to exist if the direct non-resident investor owns more than 50 percent of the voting power in the resident enterprise. 12 A "significant degree of influence" is determined to exist if the non-resident investor owns at least 10 percent of the voting power in the resident enterprise. Foreign Direct Investment: Investment instruments that meet the control and influence criteria under Section 33.1. Foreign Portfolio Investment: Investment instruments that do not meet the control and influence criteria under Section 33.1. Page LO oI 27

c. Exchange traded funds (ETFs); d. Investment funds [e.g., mutual funds (MFs) and unit investment trust funds (UlTFs)l; and e. Philippine Depositary Receipts (PDRs) that are - (i) not listed; and (ii) listed at an onshore exchange. 4. Other investment is a residual category of financial account other than those included in direct investment, portfolio investment and financial derivatives. This includes investment in peso time deposits with an AAB with a maturity of at least 90 days. Loans/borrowings and guarantees are covered by Part Three, Chapter I ofthe FX Manual. Section 34. Inward Investments in Instruments lssued by Non-Residents. These refer to investments by non-residents in the following instruments issued by non-residents: 1. Equity securities issued onshore or offshore that are listed at an onshore exchange; and 2. Debt securities issued onshore that are - (a) not listed; and (b) listed at an onshore exchange. Section 35. Other Forms of Investments. For registration purposes, these refer to investments by non-residents in instruments issued by residents and non-residents which are not covered by Sections 33, 34 and the provisions of Part Three, Chapter I of the FX Manual (Loans and Guarantees), and not contrary to applicable laws, rules and regulations. Section 36. Registration with BSP L. The following inward investments shall be registered with the BSP: I nvestment/lnstrument Section a. i. (a) Assigned Capital and Operational Working Fund - for onshore Section 33.1.a-c branches/regional headquarters/regional operating headquarters and offices/representative offices; and (b) Contributed Capital - for onshore partnerships/joint ventures; ii. Ownership or purchase of condominium unit; and iii. Capitalized expenses incurred by foreign firms pursuant to government-approved service contracts/similar contracts for oil, gas, and geothermal energy exploration/development Page lI ot 27

I nvestment/lnstru ment Section b. Equity securities issued onshore by residents that are not listed at an Section 33.3.a.(i) onshore exchanqe c. Debt securities issued onshore by private sector residents that are Section 33.3.b.(i) not listed at an onshore exchange and not covered by the provisions of Part Three, Chapter I ofthe FX Manual (Loans and Guarantees) d. Investment funds created onshore by residents (e.g., MFs and UITFs) Section 33.3.d whether listed or not listed at an onshore exchange e. PDRS that are not listed at an onshore exchange Section 33.3.e.(i t Debt securities issued onshore by non-residents that are not listed at Section 34.2.a an onshore exchange I. Instruments issued by residents and non-residents which are not Section 35 covered by Sections 33, 34 and the provisions of Part Three, Chapter I ofthe FX Manual (Loans and Guarantees), and not contrary to applicable laws, rules and regulations h. Instruments under Section 36.1(a-g) used as collateral involving transfer of legal/beneficial ownership of the collateral to the non-resident investorla 2. The value of assets actually transferred to the Philippines as investments in kind referred to in Section 32.3.b shall be assessed and appraised by the BSP for registration purposes. 3. FX inwardly remitted to fund investments under Section 36.1 need not be converted to pesos, except for the following: a. foreign direct investments in foreign bank branches' permanently assigned capital with such conversion to be made at the exchange rate prevailing at the time of remittance, pursuant to applicable laws and the Manual of Regulations for Banks (MORB); and b. if investment is required to be funded by pesos. 4. For new/additionalls investment/s of a non-resident investor, all applicationsl6 for registration of inward investments (Annex W) under Section 35.1 shall be filed with the BSP within the one (1)year prescriptive period. 5. The guidelines on registration/reporting of investments and supporting documents (Appendices 10.A and 10.C) shall be duly observed/complied with. Section 37. Registration with AABs 1. A registering AAB is a bank with authority to operate a foreign currency deposit unit (FCDU) that has been designated by the non-resident investor to register la Investments in instruments under Section 36.1 (a-g) arising from return/refund of collateral shall be registered with the BSP. 1s Those arising from purchase of additional shares, stock splits, corporate restructuring and other similar cases. 15 For existing investments that are unregistered as of the effectivity date of this Circular (-),app|icationsforregistrationmaybefi|edwiththeBSPwithinone(1)year from said effectivity date, regardless of the date of funding, without registration fee. Page L2 of 27

his investments. The registering AAB shall regularly report all transactions on the registered investments under the Report on Investments Registered with AABs. 2. Registration of investments in the following instruments shall be done with the designated registering AAB: I nvestment/lnstru ment Section a. Debt securities issued onshore by the National Government and Section 33.2 other public sector entities b. Equity securities issued onshore by residents that are listed at an Section 33.3.a.(ii) onshore exchange (e.g., PSE) c. Debt securities issued onshore by private sector residents that are Section 33.3.b.(ii) listed at an onshore exchange and not covered by the provisions of Part Three, Chapter I ofthe FX Manual (Loans and Guarantees) d. ETFs issued/created onshore by residents Section 33.3.c e. PDRs that are listed at an onshore exchange Section 33.3.e.(ii) t Peso time deposits with an AAB with a maturitv of at least 90 davs Section 33.4 c. Equity securities issued onshore or offshore by non-residents that Section 34.1 are listed at an onshore exchange h. Debt securities issued onshore by non-residents that are listed at Section 34.2.b an onshore exchange Instruments under Section 37.2(a-h) used as collateral involving transfer of legal/beneficial ownership of the collateral to the non-resident investorlT 3. FX inwardly remitted to fund investments under Section 37.2 must be converted to pesos with AABs/AAB forex corps except if investment is required to be funded by FX. 4. The non-resident investor or his duly authorized representative shall submit to each designated registering AAB a duly accomplished "Authority to Disclose Information"l8 in the prescribed format (Appendix 10.4) covering all his investments registered with each designated registering AAB. 5. The guidelines on registration/reporting of investments and supporting documents (Appendices 10.8 and 10.C) shall be duly observed/complied with. Section 38. Servicing of Investments - 1. BSP-registered investments shall be entitled to full and immediate repatriation of capital and remittance of related earnings thereon using FX resources of AABs/AAB forex corps. 2. AABs/AAB forex corps may sellto the non-resident investor or his resident agent/authorized representative the equivalent FX of the peso sales/divestment fnvestments in instruments under Section 37 .2 (a-hl arising from return/refund of collateral shall be registered with AABs. 18 The "Authority to Disclose Information" submitted to a registering MB shall cover all investments existing as of date of the authority, as well as any subsequent investments of said non-resident investor. Page t3 of 27

proceeds and related earnings from BSP-registered investments, upon submission to the FX selling institution of a duly accomplished and signed Application to Purchase FX (Annex A), with the document/s listed under Appendix 1.4. 3. a. FX sold by AABs/AAB forex corps for repatriation of capital and remittance of related earnings shall be directly remitted to the account (whether onshore or offshore) of the non-resident investor/intended beneficiary on the date of FX sale, except as indicated in item (b) below. b. In the case of investments in instruments under Sections 33.1 (foreign direct investment) and 33.3.a.(i) (equity securities not listed at an onshore exchange), FX sold may also be credited to the FCDU account of the non-resident investor's resident agent/authorized representative with the FX selling AAB (or another AAB) for: (i) future reinvestment onshore; or (ii) eventual remittance to the intended beneficiary; Provided, that the applicant purchaser shall certify that: (i) the crediting of funds to the FCDU account of the designated resident agent/authorized representative is duly authorized by the non-resident investor; (ii)the FX shall be used for the declared purpose; (iii) funds credited to the FCDU account shall eventually be remitted to the non-resident investor/intended beneficiary unless intended to be reinvested onshore; and (iv) the non-resident investor or his resident agent/authorized representative shall include the purpose of the remittance in the remittance instructions to the remitting bank. c. The remitting bank shall report the FX remittances to BSP under the applicable schedule/s of FX Form 1, based on the instructions of, and declared purpose by, the FX purchaser and in accordance with the guidelines under Appendices 10.A and 10.B. 4. For excess pesos arising from unrealized investmentsle, AABs/AAB forex corps may sell FX equivalent to: (a) the excess pesos that are funded by inward remittance of FX, computed as follows: peso proceeds of FX inward remittance less the peso amount actually used for onshore investment/s; plus (b) interest earned on the excess pesos, if any, subject to the following: a. At least 50 percent of the inwardly remitted FX should have been invested onshore. For: (i) disapproved subscription or oversubscriptions to/investments in equity and debt securities issued by residents and non-residents; (ii) erroneously remitted funds relating to investments; and (iii) similar cases, AABs/AAB forex corps may sell the FX equivalent of excess pesos arising therefrom without complying with the 50 percent minimum utilization under this item; and b. Submission to the FX selling institution of a duly accomplished and signed Application To Purchase FX (Annex A), with the documents listed in Appendix 1.4. 1e Unrealized investments refer to investments of non-resident investors that did not materialize. Page t4 ol 27

The remitting bank shall report the FX remittance to BSP using the prescribed form (Annex AA). 5. AABs/AAB forex corps may likewise sell FX upon submission to the FX selling institution of a duly accomplished and signed Application to Purchase FX (Annex A), with the documents listed under Appendix L.4, for the following: a. Settlement of FX obligations/payables of residents to non-resident investors relative to FX-denominated equity and debt securities issued by residents that are not covered by the provisions of Part Three, Chapter I of the FX Manual (Loans and Guarantees); and b. Remittance in equivalent FX of peso proceeds from onshore sale by non-resident issuer of their equity and debt securities under Section 34. The remitting bank shall report the FX remittances to BSP under the applicable schedule/s of FX Form 1, based on the instructions of, and declared purpose by, the FX purchaser. Section 39. (Reserved) Section 40. (Reserved) Section 41. Deposit of Peso Divestment/Sales Proceeds. Pending onshore reinvestment or repatriation offshore in equivalent FX, peso divestment/sales proceeds of duly registered investments, as well as related earnings thereon, may be deposited temporarily in the peso account of the non-resident investor held with any AAB. The eventual repatriation in equivalent FX of such peso proceeds, including interest earned (net of applicable taxes), shall be effected in full through any AAB without prior BSP approval in accordance with the guidelines in Appendices 10.A and 10.8. Section 42. Reinvestment. Non-resident investors may reinvest onshore peso divestment/sales proceeds and/or earnings on their duly registered onshore investments. lt is understood that the new investments shall be registered with the BSP or registering AABs, as provided under Sections 36 and 37, if the repatriation of capital/divestment proceeds and the remittance of earnings on the new investment which accrued thereon shall be funded with FX resources of AABs/AAB forex corps."

"Chapter lll OUTWARD INVESTMENTS Section 43. General Policy. The BSP supports residents' legitimate outward investments in line with the increasing globalization of the Philippine economy. 1. Residents may invest in any instrument requiring settlement in FX without prior BSP approval, where such investments are funded with: a. the investors' own FX deposited in their foreign currency deposit account/s (whether offshore or onshorel; and/or b. FX obtained from sources other than AABs/AAB forex corps. 2. Residents may invest in instruments covered by Section 44 without prior BSP approval, funded with FX resources of AABs/AAB forex corps in amounts of up to USD60 million or its equivalent in other foreign currency per investor per year, or per fund per year subject to compliance with all applicable laws, rules and regulations, including the bank's "Know Your Customer" policy and existing regulations on anti-money laundering. 3. Resident investors may purchase FX in excess of the USD60 million annual threshofd without prior BSP approval; Provided, that the investor shall submit to the BSP a notification (Annex U) at least 15 banking days after determination that total FX requirements will exceed the threshold and present to the FX selling institution a copy of the notice duly received/acknowledged by the BSP. 4. Investments by banks and non-bank financial institutions with quasi-banking functions are not covered by the provisions of this Section but shall be subject to prudential regulations of the BSP (e.g., MORB/MORNBFI) and other applicable laws, rules and regulations. 5. FX received by residents representing dividends/earnings and/or divestment proceeds from investments made under this Section may be freely disposed of and need not be inwardly remitted and sold for pesos. 6. FX sold for investments to be made by residents under this Section shall either be: a. remitted directly to the account of the intended beneficiary (e.g., non-resident investee firm, fund manager, broker/dealer, and/or non-resident parent company/subsidiary) on the date of FX sale; or b. credited to the resident investor's FCDU account with the FX selling AAB (or another AAB) for eventual remittance to the intended beneficiary for funding of the resident's investment; Provided, that the applicant purchaser shall certify that: (i) the FX shall be used for the

declared purpose; (ii) funds credited to the FCDU account shall eventually be remitted to the intended beneficiary; and (iii) the applicant purchaser/resident investor shall include in the remittance instructions to the remitting bank the purpose of remittance. The remitting bank shall report the FX remittance to BSP under the applicable schedule/s of FX Form 1, based on instructions of, and purpose declared by, the FX purchaser. 7. AABs/AAB forex corps shall submit a monthly report (Annex V) to the BSP on the sale of FX for investments covered by this Section, as well as investments by residents falling under resident to resident transactions under Part l, Chapter ll hereof, within the prescribed deadline. 8. AABs/AAB forex corps may sell FX for investments to be made by residents covered by Section 44, upon submission to the FX selling institution of a duly accomplished and signed Application to Purchase FX (Annex A), with documents listed under Appendix 1..4. All FX sold shall be consolidated for purposes of determining compliance with the threshold under item 2 of this Section. Section 44. Outward lnvestments by Philippine Residents. Residents may invest in any form of instruments issued/created offshore by non-residents (except foreign currency deposit accounts offshore) to be funded by FX resources of AABs and AAB forex corps, as well as those issued/created onshore by non-residents requiring settlement in foreign currency, that are not contrary to applicable Philippine laws, rules and regulations." "PART FIVE. FOREIGN EXCHANGE FORWARDS AND SWAPS AND OPEN FOREIGN EXCHANGE POSITION OF BANKS Chapter I FOREIGN EXCHANGE FORWARDS AND SWAPS WITH AABs INVOIVING THE PHITIPPINE PESO Section 88. General Poliry. lt is the policy of the BSP to support the deepening of the Philippine financial markets. 1. Customers may, through FX forwards with AABs, hedge their market risks arising from FX obligations and/or exposures; Provided, That forward sale of FX (deliverable and non-deliverable) may only be used when the underlying transaction is eligible for servicing using FX resources of AABs or AAB forex corps. Customers may, likewise, cover their funding requirements through FX swaps. 2. AABs may only engage in FX forwards and swap transactions with customers if the latter is hedging market risk or covering funding requirements. There

shall be no double/multiple hedging such that at any given point in time, the total notional amount of the FX derivatives transaction/s shall not exceed the amount of the underlying FX obligation/exposure. 3. The customer shall no longer be allowed to purchase FX from AABs or AAB forex corps for FX obligations/exposures that are fully covered by deliverable FX forwards and FX swaps. 4. All FX derivatives transactions to be entered into by non-bank government entities shall be subject to prior MB approval. 5. Derivatives transactions of resident banks as end-user shall be governed only by the rules under the MORB. For this purpose, resident banks shall refer to UBs, KBs and other banks with Type 3 (limited user) derivatives authority. Section 89. Definition of Terms "Customers" shall refer to: (a) resident banks [except UBs, KBs and other banks with Type 3 (limited user) derivatives authorityl; (b) non-bank residents; and (c) non-residents, both banks and non-banks. xxx "Foreign exchange exposure" shall refer to FX risk arising from an existing commitment which will lead to an actual payment of FX to, or receipt of FX assets from, non-residents or any AAB based on verifiable documents (e.g., FX risks arising from BSP-registered foreign investments without specific repatriation dates). Foreign exchange exposure shall also include those FX transactions that do not fall under the definition of FX obligation. xxx Section 90. Documentation. Minimum documentary requirements for FX forward and swap transactions are listed in Appendices 18.1 and 18.2. AABs shall make available the original/electronic /dagatal/photocopy of documents (as applicable) upon request by the BSP for verification. Section 91. Tenor/Maturity and Settlement a. Forward Sale of FX (whether deliverable or non-deliverable) The tenor/maturity of such contracts shall not be longer than: (i) the maturity of the underlying FX obligation; or (ii) the approximate due date or settlement of the FX exposure. Page 18 ot 27

For deliverable FX forward contracts, the tenor/maturity shall be co-terminus with the maturity of the underlying obligation or the approximate due date or settlement of the FX exposure. This shall not preclude pretermination of the contract due to prepayment of the underlying obligation or exposure; Provided, That Section 25 of the FX Manual shall be complied with for the prepayment of foreignfforeign currency loans. xxx" ,PART SIX. GENERAT PROVISIONS Chapter I REPORTS AND POST VERIFICATION Section 101. Reportorial Requirements. The following reports are required to be submitted to the BSP by AABs, OBUs, and AAB forex corps, where applicable: Category Title of Report Submission Submission Procedure Frequency/Deadline A. Consolidated Report on Foreign Exchange Assets and liabilities For UBs/KBs; A-3 FX Form 1, Main Report Weekly, within five (5) Email to DES at Schedufes Lto7,9toL) banking days after end der-bopirg@ bsp.gov.ph of reference week (Hard copy ofSchedule 10 & 11 to IOD) A-3 FX Form 1, Schedules 8 & 13 Daily, within two (2) Email to SDC at [email protected] banking days from reference date A-3 FX Form 1, Schedule 14 Monthly, within Emailto SDC at [email protected] 15 banking days after end of reference month Sworn Certification on the Weekly, within five (5) Email to DES at correctness ofdata reported under banking days after end [email protected] FX Form 1, Main Report and of reference week Schedules 2 to 13, (Annex T) PaEe L9 ot 27

Category Title of Report Submission Submission Procedure Freouencv/Deadline xxx For TBs: B FX Form 1A, Main Report and Monthly, within Emailto DES at Schedules 2to LL 10 banking days after [email protected] end of reference month Sworn Certification on the Monthly, within Email to DES at correctness of data reported under 10 banking days after [email protected] FX Form 14, Main Report and end of reference month Schedules 2 to 11 B. Foreign Trade Transactions Monthly Report on Monthly, within the Emailto IOD at Sale/Remittance of Foreign first five (5) banking iod_tradeinv@ bsp.gov. ph Exchange (FX) for Advance Payment days of the month of lmportations (Annex B) succeeding the date of FX sale Monthly Report on Purchase of Monthly, within the Emailto IOD at Foreign Exchange (FX) from Refund first five (5) banking iod_tradeinv@ bsp.gov. ph ofAdvance Payment of days of the month lmportations (Annex C) succeeding the receipt ofthe refund xxx C. Foreign Currency Loans and Related Transactions A-2 Report on Bank Liabilities to Monthly, within Emailto IOD at Non-Residents (lD-Form 5) 15 banking days after [email protected] including Certification for end of reference month For lD-Form 5 report - correctness and consistency with in .dbf format the FRP For Certification - in .pdf format A-2 Consolidated Report on Foreign Monthly, within Emailto IOD at Currency Loans Granted by Regular 15 banking days after REP_RBU_FXLOAN @ bsp.gov. ph Banking Units (Annex E.5) end of reference month (Certification in .pdf format) including Certification for correctness and consistency with the FRP (Appendix 21-Part A) Page2O of 27

Category Title of Report Submission Submission Procedure Freouencv/Deadline A-2 Consolidated Report on Loans Monthly, within Email to IOD at Granted by FCDUs (Annex E.4) 15 banking days after lD_FCDU_REP@ bsp.gov.ph including Certifi cation for end of reference month (Certification in .pdf format) correctness and consistency with the FRP (Appendix 21-Part B) B Report on Guarantees (Annex G) Quarterly, within Emailto IOD at 15 banking days from iod_guarantees@ bsp.gov. ph end of reference quarter B Report on Cancellations, Monthly, within five (5) Email to IOD at [email protected] Roll-overs and Non-delivery of banking days after end Deliverable Foreign Exchange of reference month Forward Purchase and Sale Contracts and Forward Leg of Swap Contracts (Annex L) xxx D. FCDUs/EFCDUs Sworn Certification on Monthly, within Hard copy to SDC FCDU/EFCDU Lending to RBU five (5) banking days (Appendix 14) from end of reference month xxx G. Registering/FX sellin&/Remitting Banks A-2 Report on Foreign Investments For FX selling bank: Hard copy to IOD Registered with the BSP (Annex X), Within five (5) banking together with su pporting days from date ofsale documents under Appendix 1.4 of FX For remitting banks: Within five (5) banking days from date of actual remittance Page 2l of 27

Category Title of Report Submission Submission Procedure Freouencv/Deadline A-2 Report on Investments Registered Within two (2)banking Email to IOD at with MBs2o with supporting days from registration/ [email protected] documents required under settlement/actual Appendix 10.8 remittance date (as applicable) A-2 Report on Philippine Debt Papers Monthly, within Email to IOD at: (Annex J) 15 banking days after (a) [email protected] for end of reference month MBs; or (b) [email protected] for all other reporting entities xxx A-2 Report on Investments by Residents Monthly, within five (5) Emailto IOD at (Annex V) banking days after end [email protected] of reference month A-2 Report on Foreign Exchange (FX) Within five (5) banking Emailto IOD at Remittances For Excess Pesos From days from date of iod_tradeinv@ bsp.gov.ph Unrealized Investments (Annex M) repatriation/rem ittance A-2 Report on Outstanding Balances of Quarterly, within Emailto IOD at Foreign Investments Registered 15 banking days after [email protected] with AABs (Annex AB) end of reference quarter A-2 Report on Interim Peso Deposits Within two (2) banking Email to IOD at (lPDs) of Registered Foreign days from transaction [email protected] Investments (Annex AC) date A-2 Report on Foreign Direct Monthly, within five (5) Emailto IOD at Investments Registered with MBs banking days from end [email protected] (Annex AD) of reference month xxx xxx" 20 The report form may be downloaded at the BSP website: http://www.bsp.eov.oh/downloads/Resu lations/MORFXT/MORFXT-faas.zio Page2z of 27

"Glossary of Terms FOR PURPOSES OF THIS MANUAL, the following definitions are adopted: XXX Authorized officer/official refers to an officer with a rank equivalent to at least Head of the agency/President/Chief Executive Officer/Chief OperatingOfficer/Chief Finance Officer/Chief Treasury Officer; otherwise, he/she must be duly authorized by the Board of Directors or any of the foregoing/appropriate approving authority or its equivalent. xxx Bongko Sentrol Registrotion Document (BSRD) is a document evidencing registration of foreign investments and loans. The registration allows the transacting party to access the FX resources of, or purchase FX from, AABs/MB forex corps against Philippine Pesos for servicing/settlement of these transactions. xxx Cross currency swop is an arrangement in which two parties exchange a series of cash flows in one (1) currency for a series of cash flows in another currency, at specified exchange rate and/or interest rate and at agreed intervals over an agreed period. Debt securities referred to in Section 33.3.b ol the FX Monual are negotiable instruments (e.9., notes, bonds and convertible notes) that serve as evidence of a debt. Non-participating preferred shares that pay a fixed income but do not provide for participation in the distribution of the residual value of an incorporated enterprise on dissolution, are also classified as debt securities. The term, however, excludes those debt falling under the provisions of Part Three, Chapter | (Loans and Guarantees) of the FX Manual. xxx Exchonge Troded Fund (ETF) refers to an open-end investment company that continuously issues and redeems its shares of stock in the form of creation units, in exchange for the delivery of a basket of securities representing an index whose performance the ETF endeavors to track; Provided, that the terms and conditions relative to the issuance and redemption of creation units shall be prescribed and disclosed in the Fund's SEC Registration Statement. XXX Foreign Loons/Borrowings arise when a non-resident creditor lends funds (regardless of currency of denomination) directly to a resident debtor, and are evidenced by documents that are not negotiable. XXX PageZ3 of 27

Negotiable instruments are instruments considered negotiable, and conform to the requirements for negotiability, under Act No. 203L, otherwise known as "The Negotiable Instruments Law". xxx Onshore exchonge refers to an organized and regulated financial exchange in the Philippines (e.9., Philippine Stock Exchange, Philippine Dealing and Exchange Corporation)where financial instruments are listed and traded. xxx Philippine Depository Receipt (PDR) refers to an instrument which gives the holder the right to the delivery or sale of the underlying securities, and to certain other rights, including acquisition of additional PDRs, or adjustments to the terms thereof, or upon the occurrence of certain events, in respect of rights issues, capital reorganizations, offers and analogous events or the distribution of cash dividends. xxx" SECTION 2. The following Appendices/Annexes to the FX Manual have been revised, added and/or deleted: A. Revised - L. Appendix 1: Minimum Documentary Requirements for the Sale of Foreign Exchange (FX) Relating to Resident to Resident FX Transactions and Non-Trade Current Accou nt Transactions 2. Appendix 1.1: Minimum Documentary Requirements for Peso Deposit Accounts of Non-residents 3. Appendix 1.3: Minimum Documentary Requirements for the Sale of Foreign Exchange (FX) Relating to Foreign Loans/Borrowings, Guarantees and Other Financing Schemes/Arrangements 4. Appendix L0.1: Certificate of Inward Remittance (ClR) of Foreign Exchange 5. Appendix 10.4: Authority to Disclose Information 6. Appendix 20: Processing Fees on Foreign Exchange (FX)Transactions 7. Annex A: Application to Purchase Foreign Exchange (FX) 8. Annex D.1: Application for Approval of Public Sector Foreign/Foreign Currency Loans/Borrowings 9. Annex D.2.A: Application for Approval of Publicly-Guaranteed Private Sector Foreign/Foreign Currency Loans/Borrowings PaEe24 of 27

10. Annex D.2.B: Application for Registration of Private Sector Foreign/Foreign Cu rrency Loans/Borrowin gs 11. Annex E.1: Report on Short-Term Foreign Borrowings 12. Annex E.2: Report on Medium- and Long-Term Foreign Borrowings 13. Annex E.3: Loan/Borrowing Profile 14. Annex G: Report on Guarantees 15. Annex H: Report on Other Guarantees and Similar Arrangements 16. Annex l: Report on BOT/Other Similar Financing Schemes 17. Annex J: Report on Philippine Debt Papers 18. Annex V: Report on Investments by Residents 19. Annex W: Application for Registration of Foreign Investments 20. Annex X: Report on Foreign Investments Registered with the BSP B. Added - 1. Appendix 1.4: Minimum Documentary Requirements for the Sale of Foreign Exchange (FX) Relating to Inward and Outward lnvestments 2. Appendix 10.A: Guidelines Covering Inward lnvestments under Section 36 of the FX Manual 3. Appendix 10.8: Guidelines Covering Inward Investments under Section 37 of the FX Manual 4. Appendix 10.C: Supporting Documents for Registration of Inward lnvestments 5. Appendix 18.1: Guidelines and Minimum Documentary Requirements for Foreign Exchange (FX) Forward and Swap Transactions Involving Trade, Non-Trade Current Account and Resident to Resident FX Transactions 6. Appendix 18.2: Guidelines and Minimum Documentary Requirements for Foreign Exchange (FX) Forward and Swap Transactions Involving Loans/Borrowings, Guarantees and Investments 7. Appendix 21: Certification for correctness and consistency with the Financial Reporting Package (FRP) relative to the Consolidated Report on Foreign Currency Loans Granted by Regular Banking Unit and E/FCDUs PaBe 25 of 27

8. Annex U: Template of Notice to the BSP on Residents' Foreign Exchange (FX) Purchases 9. Annex AA: Report on Foreign Exchange (FX) Remittances for Excess Pesos from Unrealized lnvestments 10. Annex AB: Report on Outstanding Balances of Foreign Investments Registered with AABs 11. Annex AC: Report on Interim Peso Deposits (lPDs) of Registered Foreign Investments 12. Annex AD: Report on Foreign Direct Investments (FDls) Registered with Authorized Agent Banks (AABs) C. Deleted - t. Appendix 10: Procedures and Documentary Requirements for the Registration of Inward Foreign Investments and Other lnvestments 2. Appendix 10.2: Guide/lnstructions for Filling Out the Certificate of Inward Remittance (ClR) Form 3. Appendix 10.34: Sworn Certification for foreign direct investments in stock corporations 4. Appendix 10.38: Sworn Certification for foreign direct investments in branches, representative offices, regional headquarters/regional operati n g head qua rters 5. Appendix 11: Inward Foreign Investments and Other Investments Procedures for Repatriation of Capital and Remittance of Divid en ds/Profits/Ea rn in gs 6. Appendix 11.1..A: Guidelines on Reporting Registered Portfolio lnvestments 7. Appendix 12: Checklist of Required Documents, in Lieu of a Stock Transfer Agent's Certification, for Registration of Inward Foreign Investments Prior to 15 March L973 8. Appendix 18: Guidelines and Minimum Documentary Requirements for Foreign Exchange Forward and Swap Transactions 9. Annex F: Report on Short-Term Loans Granted to Residents by Foreign Banks SECTION 3. Tronsitory Provision. The submission of the revised Annex X (Report on Foreign Investments Registered with the BSP) and new Annex AD [Report Page 26 ot 27

on Foreign Direct Investments (FDls) Registered with Authorized Agent Banks (AABs)l shall commence six months from effectivity of this Circular. During the transitory period, MBs shall continue to submit the old Annex X. SECTION 4. Repeoling Clouse. This Circular supersedes/amends/modifies the provisions of existing BSP circulars, circular letters, memoranda and/or regulations that are inconsistent herewith. This likewise repeals the following: (a) Circular No. 611 dated 30 May 2008 lGuidelines on Securities Borrowing and Lending (SBL)Transactions in the Philippine Stock Exchange (PSE) Involving Borrowings by Foreign Entities of PSE-Listed Shares from Local Investors/Lendersl; (b) Circular Letter dated 5 May 2000 [Monthly Report of Outstanding Balances of Registered Investmentsl; (c) Circular Letter dated 25 May 2000 [Report on Repatriation of Capital and Outward Remittance of Cash Dividends, Profits and Earnings of BSP-Registered lnward Foreign Investmentsl; (d) Circular Letter dated 10 February 2OO4 [Foreign Investments in Shares of Stocks Acquired in the Dollar-Denominated Trading (DDT) Facility of the PSEI; and (e) specific provisions under the BSP Manual of Regulations for Banks (MORB): X625 (Forward and Swap Transactions), X625.1 (Statement of Policy), X625.2i (FX exposurel, X625.2.8 (FX obligation), X625.2.1 (Non-resident), X625.2.m (Resident)21, and X625.8 (Compliance with anti-money laundering rules). The following reports in Appendix 6 of the MORB are deleted, as the updated templates and reporting instructions are already provided in the FX Manual: a. Report on Cancellations, Roll-overs and Non-Delivery of FX Forwards Purchase - Sales Contracts and Forward Leg of Swap Contracts (For banks with derivatives license); and b. Report on FX Swaps with Customers where 1st Leg is a Purchase of FX Against Pesos (For banks with derivatives license). SECTION 5. Sanctions. Any violation of the provisions of this Circular shall be subject to applicable penalties/sanctions under the Manual of Regulations on Foreign Exchange Transactions (as amended), Republic Act No. 7653 or the New Central Bank Act, and other applicable laws. SECTTON 6. Effectivity. This Circular shall take effect 15 banking days after its publication either in the Official Gazette or in a newspaper of general circulation in the Philippines. FOR THE MONETARY BOARD: h*r-6*#* fia Governor 9L ,"uruary 2019 27 Remaining items under x625.2 shall be renumbered accordingly. Page 27 ot 27

APPENDIX 1 Page 1 of4 (As clarified by Circular Letter No. CL-2010-009 dated 5 Feb 201O and amended by Circular Nos. 698 dated 05 Nov 2010, 742 dated 21 Nov 2011, 794 dated 18 Apr 2013, 815 dated 18 Oct 2013, 818 dated 06 Nov 2013, 874 dated 8 Apr 2015, 925 dated 13 Sep 2016, 984 dated 22Dec2OL7 and 1030 dated 5 Feb 2019) Minimum Documentary Requirementsr for the Sale of Foreign Exchange (FXf Relating to Resident to Resident FX Transactions and Non-Trade Current Account Transactions l. For Resident to Resident FX Transactions under Chapter ll of Part One of the FX Manual, requiring settlement in foreign currency Purpose Documents Requiredz t. Obligations/payables to residents a. Contract/agreement or equivalent document evidencing the obligation/payable to resident, including those 2. Resident investments in instruments covering transactions between residents; and (including time deposit with at least b. Billing statement/invoice/proof of amount due or any 90-day maturity but excluding other equivalent document showing amount required/due. bank deposits such as savings and demand) that are issued by other residents 3. Transactions related to trading of foreign currency-denominated investment instruments (e.g., funding of cash collateral accounts, settlement of cash fails) 4. Foreign currency loans from banks a. Proof of reporting to BSP by the lending bank; and operating in the Philippines that are not publicly-guaranteed (both regular b. Billing statement from creditor or equivalent document amortizations/payments and [e.g., Certification from the creditor on outstanding prepayments) under Section 24.3.a principal amount payable (with due date)1. Amounts that may be purchased shall be up to amounts maturing on scheduled due dates indicated in the bank certification/billing statement/PN, whichever is lower. Foreign currency loans of public sector a. Original BSP approval or letter-authority; and entities from banks operating in the Philippines falling under Section 23.1.a b. Billing statement from creditor or equivalent document [e.g., Certification from the creditor on outstanding principal amount payable (with due date)]. Amounts that may be purchased shall be up to: (a) amounts/rates indicated in the BSP approval or letter-authority; or (b) the outstanding balance of the loan indicated in the bank certification, whichever is lower. 1 a) All purchases of FX must be accompanied by duly accomplished Application To Purchase FX (Annex A). b) Copies of the original documents may be submitted except as otherwise indicated. c) Documents which must be in original form shall be presented to, and a copy shall be retained by, the FX selling institution. d) lt is understood that when a bank certification regarding its client's deposit account is required, the owner of the account should have executed a notarized waiver of secrecy of its deposit. 2 For FX purchases intended for remittance to payment/treasury centers/hubs, residents shall present to the FX selling AAB and/or AAB forex corps an agreement or similar document, certified as true copy by the client's authorized officer, showing that payments intended for the ultimate resident beneficiaries should be made to the specific payment/treasury centers/hubs.

APPENDIX 1 (As clarified by Circular Letter No. cl-2010-ff19 dated 5 Feb 201O and amended by Circular Nos. ege aateU:3ffiv2;l; 742 dated 21 Nov 2011, 794 dated 18 Apr 2013, 815 dated 18 Oct 2013, 818 dated 06 Nov 2013, 874 dated 8 Apr 2015, 925 dated 13 Sep 2015, 984 dated 22 Dec2OtT and 1030 dated 5 Feb 2019) il. For Resident to Non-Resident Non-Trade Current Account' Transactions under Section 2 of the FX Manual Purpose Documents Required 1. Foreign travel funds Applicant's passport and ticket 2. Educational expenses/student Proof of enrolment with, or billing statement from, school maintenance abroad abroad 3. Correspondencestudies Proof of enrolment with, or billing statement from, school abroad 4. Medical expenses Billing statement (for services rendered/expenses incurred abroad) or certification issued by doctor/hospital abroad indicating cost estimate (for the treatment/service to be administered/rendered) 5. Emigrants' assets (including a. Emigrant's visa or proof of residence abroad; inheritance, legacies, and income from b. Notarized Deed of Sale of assets in the Philippines (e.g., properties) real estate, vehicles, machineries/equipment, etc.); c. Proof of income received from properties in the Philippines; and d. In the absence of the emigrant, a notarized Special Power of Attorney (SPA) for emigrant's representative/agent. lf SPA was executed abroad, original of SPA authenticated by Philippine consulate abroad. Salary/bonus/dividend/other benefits a. Employment contract/Certification of employer showing of foreign nationals (including peso amount of compensation paid to the foreign national savings) during the validity of the contract, stating whether same had been paid in FX or in pesos; if in FX, proof that the FX was previously sold for pesos to MBs; b. ACR l-Card and DOLE Alien Employment Permit of the foreign national; and c. lf amount to be remitted comes from sources other than salaries/compensation, information regarding the sources supported by appropriate documents should be submitted. 7. Foreign nationals' income taxes due to a. ACR-I Card and DOLE Alien Employment Permit; and foreign governments b. Income tax return covering the income tax payment sought to be remitted. 8. Sales proceeds of foreign nationals' a. ACR l-Card; and domestic assets b. Proof of sale of asset/s indicatine currencv of oavment. ' a) These include foreign exchange purchases for downpayments and progress billings for non-trade services rendered/to be rendered by non-residents. b) For FX purchases exceeding the thresholds indicated under Section 2 of the Manual for remittance to payment/treasury centers/hubs, residents shall present to the FX selling AAB and/or MB forex corps an agreement or similar document, certified as true copy by the client's authorized officer, showing that payments intended for the ultimate non-resident beneficiaries should be made to the specific payment/treasury centers/hubs. For settlement of services to payment/treasury centers/hubs under netting arrangements, a certified true copy each of the netting statement and netting agreement shall also be presented. The document shall be retained by the FX selling institution for future transactions under the same agreement.

APPENDIX 1 Page 3 of4 {As clarified by Circular Letter No. CL-2010-009 dated 5 Feb 2010, and amended by Circular Nos. 598 dated 05 Nov 2010, 742 dated 21 Nov 2011, 794 dated 18 Apr 2013, 815 dated 18 Oct 2013, 818 dated 06 Nov 2013, 874 dated 8 Apr 2015, 925 dated 13 Sep 2016,984 dated 22Oec2OL7 and 1030 dated 5 Feb 2019) 9. Producers' share in movie revenue/Tv a. Statement of remittable share rental or rental; and film rentals b. Contract/agreement. 10. Export commissions due to foreign a. Billing statement from non-resident agent; and agents b. Contract/agreement. 11. Freight charges on exports/imports a. Billing statement; and b. Contract/agreement. 12. Charters and leases ofvessels/aircrafts a. Billing statement from non-resident lessor/owner of vessel/aircraft; and b. Contract/agreement. 13, Leases of equipment and other capital a. Billing statement from non-resident lessor and/or goods owned and/or leased by owner of the equipment and other capital goods; non-resident entities to residents b. Contract/agreement;and c. Shipping documents. 14. Port disbursements abroad for aircraft a. Billing statement; and and vessels of Philippine registry or b. Contract/agreement. chartered by domestic operators and salvage fees 15. Satellite and other Telecommunication a. Billing statemenU and services b. Contract/agreement. 16. Other services provided by a. Billing statement; and non-residents (such as advertising, b. Contract/agreement. underwriting including brokers' fees For underwriting fees/commissions/related expenses: for initial public offering involving Philippine shares, consultancy, a. International underwriting agreement or similar information technology, etc.) agreement/contract which shows the fees/com missions and related expenses and offer price; b. Detailed computation of the amount subject for remittance certified by the authorized officer of the issuer; and c. Proof of listing of the IPO shares in the PSE. For Foreign Broker's Commission a. Certified true copy of the covering purchase invoice or sales invoice, as the case may be, reflecting the commission due the foreign broker/dealer client; and b. Detailed computation/allocation of the commission due the foreign broker/dealer client for each purchase transaction. 17. Share in Head Office Expenses a. Original BSRD for the assigned capital in the branch; (including reimbursements) b. Audited schedule/s of allocation of expenses for the period/s covered; c. Certification from the Head Office that the share in Head Office expenses remains unpaid and outstanding; and d. Audited financialstatements of the Philippine branch. 18. Insurance/reinsurance premium due to Billings/invoices of insurance companies/brokers abroad foreign insurance companies

APPENDIX 1 (As clarified by Circular Letter No. Ct-2010-009 dated 5 teb 2010, and amended by Circular Nos. 698 dated 05 Nov 2010, 742 dated 21 Nov 2011, 794 dated 18 Apr 2013, 815 dated 18 Oct 2013, 818 dated 06 Nov 2013, 874 dated 8 Apr 2015, 925 dated 13 Sep 2016, 984 dated 22Dec2OL7 and 1030 dated 5 Feb 2019) 19. Claims against domestic insurance Billings/invoices from foreign insurer/reinsurer companies by brokers abroad 20. Net Peso revenues offoreign a. Statement of Net Peso Revenues (Peso revenues less airlines/shipping companies expenses) certified by authorized officer of airline/shipping company; and b. Contract/agreement. 21. Royalty/copyrightfranchise/patent/ a. Statement/computation of the royalty/copyright/ licensing fees franchise/patent/licensing fee; and b. Contract/agreement. 22. Net Peso Revenues of Statement of net peso revenues (Peso revenues less embassies/consu lates of foreign expenses) certified by the Embassy's/Consulate's authorized countries officer 23. Foreign exchange obligations of Summary billings Philippine credit card companies to international credit card companies/non-resident merchants 24. Refund of unused foreign grant bylaid a. Contract/agreement covering the foreign grant/aid; from non-residents funded by inward b. Request from grantor for the refund of the unused remittance of foreign exchange that amount of grant/aid; and was converted to Pesos through AABs c. Bank certification on: i. Inward remittance of the foreign grant/aid and its conversion to Philippine pesos; and ii. Balance of the PHP account from which the Philippine peso to be converted shall be debited. 25. Refund of unused foreign loan a. Contract/agreement covering the foreign loan; proceeds that were funded by inward b. Request from creditor for the refund of the unused remittance of foreign exchange that foreign loan proceeds; and was converted to Pesos through AABs c. Bank certification on inward remittance of the foreign exchange loan proceeds and conversion to Philippine pesos. 26. Settlement by Philippine Deposit Certification by PDIC on the amount of deposit liabilities to Insurance Corporation (PDIC) of FCDU be paid to non-resident depositors deposit claimsa For the settlement by PDIC of FCDU deposit claims, supporting documents must be presented regardless of amount.

APPENDIX 1.1 (Pursuant to Circular No. 794 dated 18 April 2013, and as amended by Circular Nos. 815 dated 18 Oct 2013 and 1030 dated 5 Feb 2019) Minimum Documentary Reguirements for Peso Deposit Accounts of Non-residentsl Source of Funds Documents t. Inward remittance of convertible foreign a) Certificate of inward remittance (ClR) of foreign exchange exchange and conversion to pesos using the prescribed form under Appendix 1 2. Peso income of non-residents from, or peso a) Photocopy of contract/agreement or equivalent sales proceeds of , properties in the documents showing the source of pesos Philiooines 3. Peso income of non-residents from, or peso a) Photocopy of contract/agreement or equivalent sales proceeds of, properties in the documents showing the source of pesos Philippines falling under Sections 34 and 35 b) Photocopy of Bangko Sentral Registration of the Manual Document 4. Onshore peso receipts of non-residents a) Photocopy of contract/agreement or equivalent from residents for services rendered by the documents showing the source of pesos former to the latter 5. Peso receipts of expatriates Any of the following: working in the Philippines for less than a) Employment contract showing that a one (1) year representing salary/allowance/ non-resident is an expatriate working in the other benefits Philippines for less than one (1) year b) Certification of employer showing amount of compensation paid to the foreign national during the validity of the contract c) Equivalent documents showing the source of pesos (e.g., pay slip) and expatriate status (e.g., DOLE-issued work permit) Peso funds of: (i) foreign students enrolled a) Passport and School lD (for students) for at least one semester in the Philippines; b) CIR offoreign exchange and conversion to pesos and (ii) non-resident Filipinos using the prescribed form under Appendix 10.1 or if foreign exchange is hand-carried, proof of conversion to pesos through AABs or AAB-forex corps or if with peso income, photocopy of contract/agreement or equivalent documents showing the source of pesos 7. Cash collateral used for investments under a) Photocopy of contract/agreement or equivalent Securities Borrowing and Lending or similar documents showing details and amount of the arrangements underlying transaction with collateral Peso proceeds from the onshore sale by the a) Photocopy of proof of listing of the securities at non-resident issuer of their equity and debt an onshore exchange, indicating the number securities under Section 34 and par value of securities listed, as applicable b) (i) Photocopy of proof of sale of securities (e.g., certification from stock transfer agent) indicating, among others, the number and par value of securities sold, and residency of the buyer/s (i.e., whether Philippine residents or non-residents), or (ii) Securities and Exchange Commission (SEC) Form L7-C (Disclosure/ Report on Termination and Sales proceeds) duly stamped as received by the SEC of the Philippines 1 Applies to initial and subsequent deposits to the account

APPENDIX 1.3 Page 1 of4 (As introduced by Circular No. 984 dated 22 Dec2OL7, and amended by Circular No. 1030 dated 5 Feb 2019) Minimum Documentary Requirementsr for the Sale of Foreign Exchange (FX) Relating to Foreign loans/Borrowings, Guarantees and Other Financing Schemes/Arrangements l. For Servicing of Foreign loans/Borrowings of the Public Sectof Transaction Documents Required 1. BSP-approved public sector loans/ borrowings under Sections 23.1 and 25.1 a. Regularamortization/payment a. For the National Government: Specific BSP approval letter b. For other public sector entities (e.g., Government Owned and Controlled Corporations, Government Financial Institutions except government banks): i. Specific BSP approval letter; and ii. Billing statement from creditor or equivalent document. b. Prepayment a. For the National Government: Original specific BSP approval letter c. Payment for loans that are past due for more than one (1) month b. For other public sector entities (e.g., Government from original due date Owned and Controlled Corporations, Government Financial Institutions except government banks): Original BSP approval of the prepayment/payment of past due loans/borrowings. 2. Short-term public sector loans/ a. Proof of reporting to the BSP (e.g., Original BSP borrowings under Section 23.2.b acknowledgment letter); and b. Billing statement from creditor or equivalent document. ll. For Servicing of Foreign Loans/Borrowings of the Private Sector Transaction Documents Required L. BSP-approved and registered publicly-guaranteed private sector loans/borrowings under Sections 24.t and 25.1; and BSP-registered private sector loans/borrowings that are not publicly-guaranteed under Section 24.2 Regular amortization/payment Original Bangko Sentral Registration Document (BSRD)3; and b. Billing statement from creditor or equivalent document. I a) All purchases of FX must be accompanied by duly accomplished Application To Purchase FX (Annex A). b) Copies of the original documents may be submitted except as otherwise indicated. c) Documents which must be in original form shall be presented to, and a copy shall be retained by, the FX selling institution. d) Please refer to Part l, Appendix 1 for the documentary requirements for sale of FX for settlement of foreign currency loans from banks operating in the Philippines 2 Excluding sale of FX for servicing of foreign/foreign currency loans/borrowings and prepayments by government banks (e.g., Development Bank of the Philippines, Land Bank of the Philippines, Al-Amanah lslamic Investment Bank of the Philippines) 3 BSP registration letter including attachments

APPENDIX 1.3 Page2 of 4 (As introduced by Circular No. 984 dated 22Dec2017, and amended by Circular No. 1030 dated 5 Feb 2019) Transaction Documents Required Amounts that may be purchased shall be up to amounts maturins on scheduled due dates indicated in the BSRD. Prepayment a. Original BSRD3; and Past due for more than b. For publicly-guaranteed private sector loans/ one (1) month from original due borrowings: date i. Prepayment: Original BSP approval for the prepayment ii. Past due: 1. Payment by the private sector borrower: Original BSP letter acknowledging receipt of the borrower's notice of intent to pay past due accounts 2. Payment by the public sector guarantor (in case of call on the guarantee): Original BSP approval For private sector loans/borrowings that are not publicly-guaranteed: Original BSP letter acknowledging receipt of the borrower's notice of intent to: (i) prepay (indicating the following: name of creditor, BSP registration number for the loan, target date of prepayment, amount of principal to be prepaid and related interest/other fees/charges due in original currency, and remittance instructions); or (ii) pay past due accounts (those bevond orisinal due dates). 2. Private sector foreign loans/borrowings (including those in the form of bonds/notes/other debt instruments issued offshore) that are not oubliclv-euaranteeda and not covered bv Section 24.3.as Loans under Section 24.3.b a. Proof of reporting to the BSP (e.g., Original BSP - Short-term loans in the form of acknowledgment letter) or Original BSRDs; and export advances from buyers abroad of resident b. Billing statement from creditor or equivalent document exporters/borrowers [e.9., Certification from the creditor on outstanding principal amount payable (with due date)1. thrt mrrr ho nr rrchecod <hrll ha b. Loans under Section 24.3.c maturing on scheduled due dates as reported or registered. - Foreign obligations of residents under deferred letters of credit (L/Cs) or under documents against acceptance or open account (D/A-OlAl arrangements with a term of more than one (1) year that are not guaranteed by foreign governments/official export credit agencies (including prepayment) c. Loans under Section 24.3.d 4 As well as those that do not involve any exposure of a government-owned/controlled entity 5 For sale of FX for servicing of foreign currency loan from banks operating in the Philippines under Section 24.3.a. of the FX Manual, the minimum documentary requirements are shown in Appendix 1 of the FX Manual. 5 BSRD applies to loans that are not duly reported and were granted specific registration.

APPENDIX 1.3 Page 3 of4 (As introduced by Circular No. 984 dated 22Oec20L7, and amended by Circular No. 1030 dated 5 Feb 2019) Transaction Documents Required i. Short-term trade loans of resident exporters/importers from OBUs ii. Short-term trade loans of resident exporters/importers from non-resident non-bank creditors that have been granted under BSP-reported lendine orosrams 3. Payments related to foreign loans of non-bank financial institutions with quasi-banking functions that are not publiclv-guaranteed a. Regularamortization/payment a. Proof of reporting to the BSP (e.g., Original BSP acknowledgment letter); and b. Billing statement from non-resident creditor or equivalent document. b. Prepayments a. Original BSP letter acknowledging receipt of the c. Past due for more than borrower's notice of intent to: (i) prepay (indicating one (1) month from original due the following: name of creditor, BSP registration date number for the loan, target date of prepayment, amount of principal to be prepaid and related interest/other fees/charges due in original currency, and remittance instructions); or (ii) pay past due accounts (those beyond original due dates). b. Billing statement from non-resident creditor or equivalent document. lll. For Payments related to Guarantees and Similar Arrangements [including Risk Take Over (RTO) arrangementsl Transaction Documents Required 1. Payments under the guarantee 1. For guarantees under Section 30.1: a. Original BSP approval/registration of the guarantee or of the guaranteed foreign obligation (as applicable); and b. Creditor's call on the guarantee, or copy of billing statement/proof of peso receivables (e.g., guarantee fee) of the non-resident under the guarantee, or equivalent document (as applicable). 2. For guarantees under Section 30.2: a. Proof of reporting to the BSP in the prescribed forms (e.g., Original BSP acknowledgment letter); and b. (i) Guarantee agreement; and (ii) Creditor's call on the guarantee/billing statement/proof of peso receivables (e.9., guarantee fee) of the non-resident under the guarantee, or equivalent document (as applicable).

APPENDIX 1.3 (As introduced by Circular No. 984 dated 22 Dec2OIT, and amended by Circular No. 1030 dated 5 Feb 2019) For guarantees under Section 30.3: a. Original BSP letter acknowledging receipt of the notice of the call on the guarantee (as applicable); b. Proof of compliance of the underlying transactions with applicable regulations on foreign loans/borrowings (e.g., Original BSP registration document); and c. (i) Guarantee agreement; and (ii) Creditor's call on the guarantee/billing statement/proof of peso receivables (e.9., guarantee fee) of the non-resident under the guarantee, or equivalent document (as applicable). Guarantees or similar arrangements a. Original BSP registration of the guarantee; and which may give rise to actual foreign b. Proof/notice of original obligor's default or obligee's obligations to non-residents under call on the guarantee; or billing statement/proof of Section 30.4 peso receivables (e.9., guarantee fee) of the non-resident under the guarantee, or equivalent document (as applicable). lV. Other Financing Schemes/Arrantements Transaction Documents Required t. Regular fees related to a. Original BSRD3; and Build-Operate-Transfer (BOT) and similar financing schemes with transfer b. Billing statement from the private sector project provisions under Section 31.1 company/proponent or equivalent docu ment. 2. Peso-denominated bonds/notes and a. Original BSRD3. similar debt instruments issued offshore by non-residents (whether to be settled in peso or foreign currency) under Section 31.2

APPENDIX 1.4 Page 1. of4 (As introduced by Circular No. 1030 dated 5 Feb 2019) Minimum Documentary Requirementsl for the Sale of Foreign Exchange (FX! Relating to Inward and Outward Investments l. For Inward Investments by Non-residents Purpose Documents Required A. Caoital Reoatriation for Investments: 1. In instruments registered with BSP under Section 36 t. Assigned capital/operational a, Original BSRD; working fu nd/contributed capital b. Supporting document/s (e.g., proof of sale, redemption ii. Condominium or distribution of funds/assets, Deed of Sale/Contract to iii. Capitalized expenses incurred by Sell with acknowledgment receipts/proof of payment for foreign firms the property sold) showing settlement amount/amount to be repatriated, number of shares/capital contribution/assigned capital, investment identity and settlement date (as applicable); and c. Original computation of the peso amount to be converted to FX using the prescribed format (Annex N). iv. Equity securities issued onshore a. Original BSRD; by residents that are not listed an b. Supporting document/s (e.g., proof of sale, redemption onshore exchange or distribution of funds/assets) showing settlement amount/amount to be repatriated, number of shares/capital contribution/assigned capital, investment identity and settlement date (as applicable); and c. Original computation of the peso amount to be converted to FX using the prescribed format (Annex N). v. Debt securities issued onshore by a. Original BSRD or BSRDLA; and private sector residents that are b. Supporting document/s (e.g., matured certificate, or not listed at an onshore exchange proof of sale) showing settlement amount/amount to be and not covered by the provisions repatriated, amount invested, number of shares, of Part Three, Chapter I of the investment identity and settlement date (as applicable). FX Manual vi. Investment funds created a. Original BSRD or BSRDLA; and onshore by residents b. Supporting document/s (e.g., matured certificate, or proof of sale) showing settlement amount/amount to be repatriated, amount invested, number of shares, investment identitv and settlement date (as applicable). vii. Philippine Depositary Receipts a. Original BSRD; and (PDRs) that are not listed at an b. Supporting document/s (e.g., broker's invoice, proof of onshore exchange sale, or redemption) showing settlement amount/amount to be repatriated, number of shares/amount invested, investment identity and settlement date (as applicable). viii. Debt securities issued onshore by a. Original BSRD; and non-residents that are not listed b. Supporting document/s (e.9., matured certificate, or at an onshore exchange proof of sale) showing settlement amount/amount to be repatriated, amount invested, investment identity and settlement date (as applicable). ix. Instruments issued by residents a. Original BSRD; and t a) All purchases of FX must be accompanied by a duly accomplished Application To Purchase Foreign Exchange (Annex A). b) Documents are all originals except as indicated, which may be submitted through electronic means pursuant to Part l, ltem 5 of the FX Manual. c) Except as indicated, original documents submitted in hard copies shall be presented and a copy retained by the bank. In cases where copies of documents are allowed, such hard copies shall be submitted to the FX selling institution.

APPENDIX 1.4 Page2 of 4 (As introduced by Circular No. 1030 dated 5 Feb 2019) and non-residents which are not b. Supporting document/s (e.g., proof of sale) showing covered by Sections 33, 34 and settlement amount/amount to be repatriated, number of the provisions of Part Three, shares, investment identity and settlement date (as Chapter I ofthe FX Manual (Loans applicable). and Guarantees), and not contrary to applicable laws, rules and regulations x. lnstruments under Section 36.1 a. Original BSRD; and (a-g) used as collateral involving b. Supporting document/s (e.g., covering agreement for the transfer of legal/beneficial collateral arrangement, written notice of default as ownership of the collateral to the applicable) showing amount to be repatriated, number of non-resident investor shares, investment identity and settlement date (as applicable). 2. In instruments resistered with MBs under Section 37 Debt securities issued onshore by a. Original BSRD or BSRD Letter Advice (BSRDLA) from the the National Government and registering bank; and other public sector entities b. Supporting document/s (e.g., confirmation of purchase of the securities) showing settlement amount/amount to be repatriated, number of shares, investment identity and settlement date (as applicable). ii. Equity securities issued onshore a. Original BSRD or BSRDLA from the registering bank; and by residents that are listed at an b. Supporting document/s (e.g., broker's invoice, proof of onshore exchange sale, or redemption) showing settlement iii. Debt securities issued onshore by amount/amount to be repatriated, number of private sector residents that are shares/amount invested, investment identity and listed at an onshore exchange settlement date (as applicable). and not covered by the provisions of Part Three, Chapter I of the FX Manual iv. Exchange Traded Funds (ETFs) issued/created onshore by residents v. PDRs that are listed at an onshore exchange vi. Peso time deposits with an MB a. Original BSRD or BSRDLA from the registering bank; and with a maturity of at least 90 days b. Supporting document/s (e.g., matured certificate for the 90-day time deposit). vii. Equity securities issued onshore a. Original BSRD or BSRDLA from the registering bank; and or offshore by non-residents that b. Supporting document/s (e.g., broker's invoice, proof of are listed at an onshore exchange sale, or redemption) showing settlement amount/amount to be repatriated, number of shares/amount invested, investment identity and settlement date (as applicable). viii. Debt securities issued onshore by a. Original BSRD; and non-residents that are listed at an b. Supporting document/s (e.g., matured certificate, or onshore exchange proof of sale) showing settlement amount/amount to be repatriated, amount invested, investment identity and settlement date (as applicable). ix. fnstruments under Section 37.2 a. Original BSRD or BSRDLA; and (a-h) used as collateral involving b. Supporting document/s (e.g., covering agreement for the transfer of lega/beneficial collateral arrangement, written notice of default as ownership of the collateral to the applicable) showing amount to be repatriated, number of non-resident investor shares, investment identity and settlement date (as applicable). 3. Prior to 15 March 1973 a. Original BSRD; or b. OriginalBSRDLA; or c. Stock Transfer Agent's Certification that the investment

APPENDIX 1.4 (As introduced by Circular No. 1030 dated 5 Feb 2019) was made prior to 15 March t973, or equivalent document. B. Remittance of related earnings on a. Original BSRD or BSRDLA; BSP-registered investments of b. Supporting document/s showing amount to be remitted non-residents (e.g., PSE Notice or Corporate Disclosure announcing the issuance of cash dividend, Secretary's sworn statement on the Board Resolution covering dividend declaration or Sworn certification by the authorized officer/representative of the investee firm attesting to the share of the PDR holder in dividends /profits/ earnings); and c. Original computation of the peso amount to be converted to FX using the prescribed format (Annex N), for foreign direct investments. For investments registered under the old Central Bank Registration Documents, proof of Central Bank Registration may be submitted in lieu of the BSRD. ll. For Outward Investments by Residents Purpose Documents Required Outward investments by Philippine a. Certification by the resident investor on the actual residents under Section 44 of the cumulative FX purchases from MBs/AAB forex corps made FX Manual within the calendar year for all investment instruments under Section 44 of the FX Manual; or original BSP letter2 acknowledging receipt of the investor's notice on FX requirements exceeding the USD60 million threshold per investor per year; and b. Document evidencing the investment3 or intended investment4 and amount to be invested. lll. For Other Transactions Purpose Documents Required A. Outward remittance in equivalent FX of: a. Certified true copy of certificate of inward remittance of FX (a) excess pesos that were funded by and conversion to pesos; inward remittance of FX, computed as b. Proof of investment onshore showing utilization of not less follows: peso proceeds of FX inward than 50 percent of total peso proceeds, net of charges, if remittance less the peso amount any; or proof of disapproved subscriptions or actually used for onshore investment/s; oversubscriptions/erroneously remitted funds/similar plus (b) interest earned on the excess cases, as applicable; pesos, if any (Section 38.4) c. Document evidencing request by non-resident investor for the return of excess uninvested funds and amount involved (e.g., swift message/letter); and d. For interest earned on the excess pesos. certification from Including duly accomplished Notice to the BSP on Residents' Foreign Exchange Purchases (Annex U) e.g., Swift payment order instruction from the counterparty/broker/trader indicating the name of payee and type/kind of investment, authenticated by the broker/trader (for instruments purchased offshore); or Proof of purchase of the debt securities by the resident client, namely: deal ticket, bank's confirmation of sale, client's letter of instructions indicating intent to purchase the securities and other details of the transaction e.g., Investment proposal or agreement/subscription agreement/Deed of Sale or Assignment of the Investments/bond or stock offering/signed loan agreement or equivalent signed document/Contract to Sell covering a sale of real property abroad; or investor's order/letter to broker/trader/bank to purchase instruments (such as investments in debt and equity securities, as well as depositary receipts, MFs and UITFs)

APPENDIX 1.4 (As introduced by Circular No. 1030 dated 5 Feb 2019) the depository bank on the amount of interest earned on such excess/unutilized peso funds for outward remittance (as applicable), or equivalent document. B. Settlement of FX obligations/ Proof of FX obligations/payables indicating, among others, payables of residents to non-resident amount to be paid by resident issuers. investors relative to FX-denominated equity and debt securities issued by residents that are not covered by the provisions of Part Three, Chapter I of the FX Manual (Loans and Guarantees) C. Remittance in equivalent FX of peso Proof of onshore sale in pesos by the non-resident issuer of proceeds from onshore sale by their equity and debt securities indicating, among others, non-resident issuer of their equity and amount received by the non-resident issuer. debt securities under Section 34

APPENDIX 10 (As amended by Circular No. 1030 dated 5 Feb 2019) Reserved

APPENDIX 1O.A (As introduced by Circular No. 1030 dated 5 Feb 2019) Guidelines Covering Inward Investments under Section 36 of the FX Manual The following guidelines shall apply to registration, repatriation/remittance, and reporting of inward investments under Section 36 of the FX Manual: l. Registration of investments with BSP1 A. Application for registration 1. For new/additiona12 investment /s ol a non-resident investor, applications for registration of investments (Annex W) under Section 36 shall be filed with the BSP-IOD, with the supporting documents (i.e., proof of funding and investment made) listed under Appendix 10.C of the FX Manual. 2. For foreign investments in instruments under Sections 36.1, applications for registration shall be filed within the one (1) year prescriptive period, to be reckoned as follows: Funding Reckoning Date (As aoolicable) A. In cash 1. Inward remittance of foreisn exchanse {FX) Date of: (i) actual funding of (e.g., inward 2. Constructive remittance of FX funding to a remittance of FX); or (ii) payment for, the resident's account investment; or (i.e., FX funding credited to offshore FX account Date of: (i) effectivity of Deed of of resident investee firm/intended beneficiary/ Transfer/Assignment/Sale; or (ii) exercise onshore bank without actual inward remittance of rights; or (iii) other covering of FX but such funding is booked onshore as agreement/equivalent document relative investment in the records of the investee firm) to the investment 3. FX payments made offshore between non-residents for transfer of onshore Date of: (i) actual divestment/sales investments proceeds; or (ii) effectivity of covering 4. Peso balance of non-resident investor's onshore dividend declaration/equivalent peso deposit account and interim peso deposit document (e.g., dividend declaration); or account (iii) payment for the investment 5. Reinvestment of peso divestment/sales proceeds or related earnings from onshore investment 6. Conversion of liability (e.9., foreign loan/bonds/notes/obligation) to investment (e.9., equity) 7. Exercise of conversion rights to underlying shares [e.9., under Philippine Depositary Receipts (PDRs)l Inward investments need not be registered unless the repatriation of capital and/or the remittance of related earnings shall be funded with FX resources of AABs/MB forex corps. Those arising from purchase of additional shares, stock splits, corporate restructuring and other similar cases

APPENDIX 1O.A (As introduced by Circular No. 1030 dated 5 Feb 2019) B. ln kind 1. Heavy Equipment and Machinery/ Date of: (i) actual transfer of assets to the Inventories/Raw Materials/Su pplies/Spare Philippines (e.g., date of Bureau of Customs Parts/Furniture/Personal Properties/Motor lmport Entry Declaration); or (ii) payment Vehicle/Sea Vessel/Aircraft including other for investment taneible assets from abroad 2. Intangible assets [e.9., intellectual property Date of: (i) effectivity of Deed of Transfer/ rights (lPR)l Assignment/Sale; or (ii) other covering agreement/equivalent document relative to the investment 3. Stock and/or property dividends accruing from Date of: (i) dividend declaration; or onshore investments (ii) effectivity of equivalent document (e.e., Board/ Stockholders' Resolution) 4. Shares Date of: (i) effectivity of Deed of Transfer/ Assignment/Sales; or (ii) other covering agreement/equivalent document relative to the investment C. Others not falling under ltems A and B Date of: (i) actual funding; or (ii) transfer of assets to the Philippines; or (iii) payment for the investment (either in cash or in kind) Notwithstanding the foregoing, the reckoning date shall be based on the date of the regulatory/board/other government agency clearance/approval/action as may be required under applicable laws, rules and regulations. 3. Applications for registration of investments filed within the prescriptive period shall be free of charge. For those filed beyond the prescriptive period, the applicable processlng fee shall be assessed as indicated in Appendix 20 of the FX Manual. B. Changes in BSP-registered investments 1. The BSP-IOD shall be notified of any change in BSP-registered investments. 2. For partial sale/transfer of/reduction in BSP-registered investments (excluding capital repatriations), the existing BSRD of the previous non-resident investor shall be submitted to the BSP to effect the sale/transfer of/reduction in investments. 3. For changes in the name of investor/investee not involving corporate restructuring and transfer of ownership, the non-resident investor (or his resident agent/duly authorized representative) shall submit to the BSP-IOD the existing BSRD for annotation and proof of change in the name of the investor/investee (e.g., consularized document, SEC Amended Articles of Incorporation) not later than one (1) month prior to the target date of purchase of FX. 4. A new BSRD shall be issued for requests to consolidate or replace old BSRDs of the non-resident investor (or his resident agent/duly authorized representative).

APPENDIX 1O.A Page 3 of4 (As introduced by Circular No. 1030 dated 5 Feb 2019) The existing BSRD/s of the non-resadent investor shall be submitted to the BSP-IOD for cancellation. C. Replacement of Lost BSRDs Applications (Annex W) for replacement of lost original BSRDs shall be submitted to the BSP-IOD by the non-resident investor (or his resident agent/duly authorized representative), with the following: a. Affidavit of Loss attesting to the following: (i) loss of the original BSRD; (ii) the reason/circumstances surrounding the loss; (iii) affirmation that diligent search for the document/s declared lost has been done; (iv) the investment remains intact and exists to date; (v) the outstanding balance of the investment, net of repatriation, if any; (vi) the registration number/s and date/s; and (vii) the number of shares registered under each registration and percentage of the foreign investment to the total shares subscribed and paid up, as applicable. b. lf the request and affidavit of loss are accomplished and signed by the duly authorized representative, proof of his authority from the non-resident investor for the replacement of the lost BSRD. Application for replacement of lost BSRD shall be assessed an applicable processing fee as indicated in Appendix 20 of the FX Manual. D. Cancellation of BSRDs For BSP-registered inward investments that have been fully divested by the non-resident investor, the FX selling bank shall surrender the original BSRD to the BSP-IOD for cancellation within five (5) banking days from date of FX sale for the divestment proceeds. Reporting shall be done in accordance with item lll hereof. ll. Repatriation of capital/remittance of related earnings AABs/AAB forex corps may sell FX to the non-resident investor or his resident agent/authorized representative without prior BSP approval the equivalent of peso sales/divestment proceeds and related earnings from BSP-registered inward investments for remittance to the intended beneficiary upon presentation of the original BSRD and supporting documents listed under Appendix t.4 of the FX Manual.

APPENDIX 1O.A (As introduced by circutar *". r'oro o*io1tt"f it ro, lll. Reporting 1. lf the FX selling AAB is also the remitting AAB, such bank shall accomplish and submit to the BSP-IOD its Report on Foreign Investments Registered with the BSP (Annex X), within five (5) banking days from date of repatriation/remittance, with supporting documents listed under Appendix L.4 of the FX Manual and the original BSRD for inward investments that have been fully divested by the non-resident investor. 2. In case the FX selling AAB is different from the remitting AAB, the FX selling bank shall submit to BSP-IOD its Report on Foreign Investments Registered with the BSP (Annex X) within five (5) banking days from date of FX sale, with supporting documents listed under Appendix L.4 ol the FX Manual and the original BSRD for inward investments that have been fully divested by the non-resident investor. The non-resident investor or his resident agent/authorized representative shall disclose to the remitting bank the intended purpose of the FX remittance and other pertinent information necessary to allow reporting by the remitting bank of the transaction under its Report on Foreign lnvestments Registered with the BSP (Annex X). The remitting bank shall submit such report within five (5) banking days from date of FX remittance offshore. 3. In case the repatriation of capital/remittance of earnings from BSP-registered investments is funded by the investee's own FX resources, the remitting bank shall likewise report the transaction under the Report on Foreign Investments Registered with the BSP (Annex X) within five (5) banking days from date of crediting to the account of the non-resident. 4. The data fields on the second page of the BSRD shall be filled out and certified as correct by the authorized officer of the selling/remitting bank (as applicable). lf the space is not enough, additional page/s may be used, provided these are duly marked and certified by the bank's authorized officer as forming part ofthe BSRD.

APPENDIX 10.B (As introduced by circular No. 1o3o ,.,":??:J;lj Guidelines Covering Inward Investments under Section 37 of the FX Manual The following guidelines shall apply to registration, repatriation/remittance, and reporting of inward investments under Section 37 of the FX Manual: l. Registration of investments with registering AABsl A. Applications for registration 1. Registration of investments under Sections 37 shall be done by registering AABs on behalf of the BSP based on prescribed supporting documents (i.e., proof of funding and investment made) listed under Appendix 10.C of the FX Manual and a duly accomplished "Authority to Disclose" form under Appendix 10.4. 2. The BSRD to be issued by the registering AABs shall be signed by an authorized officer as prescribed by the BSP-IOD. A separate BSRD shall be issued to a non-resident exclusively for all investments in the following: a. Securities issued by non-residents and are listed at an onshore exchange2 (with the suffix "NR" in the registration number); and b. Instruments under Section 37 of the FX Manual funded by peso proceeds of non-residents' securities listed at an onshore exchange2 (with the suffix "P" in the registration number). 3. For initial registration3, the registering MBs shall submit to BSP-lOD at [email protected], a copy of the BSRD issued in the name of the non-resident investor and original Authority to Disclose Information (Appendix 10.4), within two (2) banking days from registration date. The original BSRD and other supporting documents listed under Appendix 10.C of the FX Manual shall remain in the custody of the registering AABs but shall be made available upon request by the BSP for verification purposes. 4. All changes in the investments3 (e.g., additional investments, reduction in investments, dividend declaration, transfers) shall be reflected in the records of the investor maintained by the registering AABs. Additional investments covering uplifted/transferred shares to an onshore exchange issued by non-residents and previously listed in an international exchange shall likewise be reflected. Inward investments need not be registered unless the repatriation of capital and/or the remittance of related earnings shall be funded with FX resources of MBs/AAB forex corps. Such as uplifted shares from an offshore exchange Including transactions involving instruments used as collateral and securities borrowed/lent

APPENDIX 10.B (As introduced by circurar ,oto 0.."1???#lj "". The changes shall be reported to the BSP-IOD by the registering bank within two (2) banking days from registration/settlement/actual remittance date (as applicable) under the Report on Investments Registered with AABs. 5. Registration covering investments in peso time deposits shall also reflect: (a) extensions/roll-oversa of the investment, if any; or (b) cancellation of the registration for such investments (if deposits are pre-terminated before 90 days). 6. For instruments used as collateral acquired from non-residents and residents involving transfer of legal/beneficial ownership of the collateral to the non-resident investor/transferee/lender, the registering AAB shall: (a) annotate the original BSRD/ledger of the original non-resident investor/transferor/borrower to reflect such transfer; and/or (b) issue a new BSRD (in case the new non-resident investor/transferee/lender has no existing BSRD) or annotate the BSRD/ledger (in case new non-resident investor/transferee/lender has an existing BSRD), to allow servicing using FX resources of AABs/AAB forex corps by the new non-resident investor/ transferee of earnings accruing on the transaction/arrangement involved. For the duration of the agreement involving instruments used as collateral, the AABs shall ensure that the terms of the agreement, as well as applicable provisions hereof, will be complied with (e.g., sale of collateral). Upon the termination of the contract (as applicable) where the new non-resident investor/transferee/lender shall return the same or equivalent securities to the original investor/transferor/borrower, the registering AAB shall annotate the BSRD/ledger of the new non-resident investor/transferee/lender to cancel the registration of the same or equivalent securities to be returned to the original investor/transferor/borrower. The registering AAB shall annotate the BSRD of the original non-resident investor/borrower for the securities returned. B. Cancellation of BSRDs For BSP-registered inward investments that have been fully divested by the non-resident investor, the designated registering AABs shall surrender the original BSRD to the BSP-IOD for cancellation within five (5) banking days from date of full remittance of divestment proceeds. ll. Repatriation of capital/remittance of related earnings t. AABs/AAB forex corps may sell FX to the non-resident investor or his resident agent/authorized representative without prior BSP approval the equivalent of peso a Extension/roll-over after the 90-day minimum tenor is allowed provided that extension/roll-over is made on the maturitv date of the investment.

APPENDIX 10.B (As introduced by Circular ,t ,oto or."l?To'rll$ ". sales/divestment proceeds and related earnings from BSP-registered inward investments for remittance to the non-resident investor (whether onshore or offshore) evidenced by the supporting documents listed under Appendix 1..4 of the FX Manual. 2. Whenever the repatriation/remittance shall be effected through an AAB other than the registering AAB, or the transaction was made through a stock broker other than the registering AAB, the registering bank/broker, upon request by the remitting bank or selling broker, shall issue a BSRD Letter Advice (BSRDLA) authorizing the latter to use (in full or partially) the remaining shares covered by the BSRD. The remitting AAB shall only effect the remittance evidenced by the supporting documents listed under Appendix L.4 of the FX Manual. 3. A BSRDLA shall be issued if there is an intended outward remittance/ repatriation and shall expire one (1) month from issuance date. After its expiry, the BSRDLA can no longer be used as basis for purchasing foreign exchange (FX) from AABs/AAB forex corps to service capital repatriation/remittance of earnings. The expired BSRDLA may be applied for renewal/extension with the BSP-IOD. A BSRDLA may also be issued by a registering bank in favor of another registering bank for transactions involving peso sales proceeds of a registered investment which will: (a) fund a new investment to be registered by the latter; and (b) be deposited in the non-resident investor's account with the latter bank. A BSRDLA may also be issued to transfer funds between interim peso deposit accounts (lPDs) of a non-resident investor in different banks. lll. Reporting 1. All transactions on registered investments shall be reported by the registering/remitting AABs to BSP-lOD at [email protected] within two (2) banking days from registration/settlement/actual remittance date under the Report on lnvestments Registered with AABs6 and Report lnterim Peso Deposits of Foreign lnvestments Registered with AABs (Annex AC), together with the original CIR of FX. The AAB through its authorized officer, as prescribed by the BSP, shall attest to the: (a) veracity and accuracy of the report; (b) integrity and authenticity of the submitted documents; and (c) availability of the electronic/digital/original/photocopy of documents (as applicable) upon request by the BSP for verification. The AABs shall make available supporting documents listed in Appendix 1.4 upon request by the BSP for verification purposes. The subject line of the email shall indicate the following: Report on Investments Registered with AABs <bank name> <report date>. This format shall likewise be the filename convention for the attached report Posted at the BSP website. In accomplishing the report, MBs shall be guided by the Portfolio Investment Monitoring System-Manual of Instructions in Appendix 11.18.

APPENDIX 10.B (As introduced by Circular No. 1030 dated 5 Feb 2019) 2. Registering AABs shall likewise submit to the BSP-IOD at [email protected] the following, using the prescribed forms: a. Report on Foreign Direct Investments Registered with AABs (Annex AD) on a monthly basis within five (5) banking days from end of reference month; and b. Report on Outstanding Investments Registered with AABs (Annex AB) on a quarterly basis within 15 banking days from end of reference quarter.

APPENDIX lO.C (As introduced by Circular No. 1030 dated 5 Feb 2019) Supporting Documentsl for Registration of Inward lnvestments Registration of inward investments (either with the BSP or registering AABs) shall be supported by proof of funding and the actual investment made by the non-resident investor as indicated below: l. Proof of funding Form of Funding Proof of Funding A. ln cash L. lnward remittance of foreign Certificate of Inward Remittance (ClR) of FX through an AAB in exchange (FX) the prescribed format (Appendix 10.1), or equivalent document Constructive remittance of FX a. Telegraphic transfer/debit-credit arrangement, o( funding to a resident's deposit equivalent document; or account b. Certification issued by the receiving,/depository bank attesting to the FX amount and date of its credit to resident's (i.e., FX funding is credited to account, or equivalent document offshore account of resident investee/intended beneficiary/ onshore bank without actual inward remittance of FX but the investment is accordingly booked onshore in the records of the investee firm) 3. FX payments made offshore Proof of funding of initial onshore investment and subsequent between non-residents for transfer FX payment made offshore for transfer of said investment to of onshore investments another non-resident - a. Original BSRD (if transferred investment was registered); or document showing funding for transferred investment (if transferred investment was not registered); and b. Deed of Transfer/Deed of Assignment/Sale/covering agreement, or equivalent document; or Sworn certification executed by the authorized officer/representative of the investee firm attesting to the transfer/amount paid for the investment and that the pavment was made offshore. 4. Peso balance of non-resident Bank certification issued to non-resident investor by the investor's onshore peso deposit depository bank attesting that the: (a) funding of the peso account and interim peso deposit deposit account of the non-resident is in accordance with account Section 3.1 of the FX Manual; and (b) the intended remittance of peso funds for the onshore investment 5. Reinvestment of peso Proof of funding for the previous investment and proof of divestment/sales proceeds or divestment/sale or earnings (as applicable)- related earninss of investment For divestment/sales proceeds Original BSRD or BSRDLA (if previous investment was registered); or document showing funding of previous investment (if previous investment was not registered); and b. Proof of divestment/sale; or matured certificate/contrac| or Proof of redemption; orBroker's sales invoice, or equivalent document I a) Copies of documents may be submitted except as otherwise indicated. b) Documents which must be in original form shall be presented to, and a copy shall be retained by, the FX selling institution c) lt is understood that when a bank certification regarding its client's deposit account is required, the owner of the account should have executed a notarized waiver of secrecy of its deposits.

APPENDIX 10.C (As introduced by Circular No. 1030 dated 5 Feb 2019) Form of Funding Proof of Fundins b. For earnings a. Original BSRD or BSRDTA (if previous investment was registered); or document showing funding of previous investment (if previous investment was not registered); and b. Covering declaration (e.g., Board Resolution); or proof of interest/coupon payments for investments; or PSE Notice or Corporate Disclosure announcing the issuance of cash dividend for PSE-Iisted securities, or equivalent document Conversion of liability (e.g., foreign a. Original BSRD (if liability was registered); or document loan/bonds/notes/obligation) to (e.9., CIR) showing funding of the loan (if liability was not investment (e.g., equity) registered); and b. Deed of Assignment of liability and conversion to investment/covering agreement or equivalent document on the conversion, or equivalent documen| or Sworn certification executed by the authorized officer/representative of the investee firm attesting to the conversion of debt to investment. 7. Exercise of conversion rights to a. Original BSRD [if initial investment (e.g., PDR) was underlying shares [e.9., under registeredl; or document showing funding of the initial Philippine Depository Receipts investment (if initial investment was not registered); and (PDRs)l b. Proof of exercise of the conversion rights, or equivalent documen! or certification executed by the authorized officer or the PDR issuer attesting to the following: (i) exercise by the non-resident PDR holder of his conversion rights; and (ii) the number of shares held by the non-resident investor arising from such exercise and that the same is within the ownership limit for non-resident investors under the Constitution of the Republic of the Philippines and existing laws of the Philippines in the case of PDRs. B. In kind L. Heavy Equipment and Machinery/ a. Shipping documents (e.g., commercial invoice, airway Inventories/Raw Materials/ bill/bill of lading), or equivalent document; and Supplies/Spare Parts/Furniture/ b. Bureau of Customs (BOC) import entry declaration or Personal Properties/Motor document indicating valuation of imports, or equivalent Vehicle/Sea Vessel/Aircraft document including other tangible assets from abroad 2. Intangible assets [e.g., intellectual a. System Purchase Agreement or document showing proof of property rights (lPR)l ownership of intangible assets; or b. Certificate of Registration of lPR, mining permit for mining claims or rights, or equivalent document; or c. Deed of Transfer/Assignment/Sale/covering agreement relative to intangible assets or equivalent document 3. Stock and/or property dividends Proof of funding for existing investment and proof of accruing from onshore declaration - investments Original BSRD (if base/mother shares were registered); or document showing funding of existing investment (if base/mother/original shares was not registered); and b. Covering declaration (e.g., Stockholder's Resolution); or PSE Notice/Corporate Disclosure/Circular for Brokers announcing the stock splits/reverse stock splits; or Regulatory clearance/approval or equivalent document 4. Shares (e.9., share swap) Onshore shares: a. Original BSRD or BSRDLA (if investment was previously registered); or document showing proof of investment in

APPENDIX lO.C (As introduced by Circular No. 1030 dated 5 Feb 2019) Form of Fundinc Proof of Fundinc shares to be invested (if investment was not previously registered); and b. Deed of Transfer/Assignment/Sale or Share Swap Agreement relative to investment, or equivalent document Offshore shares: Deed of Transfer/A5signment/Sale or Share Swap Agreement relative to investment, or equivalent document C. Others not falling under ltems A and B a. Original BSRD (if applicable); and (e.g., stock splits/reverse stocksplits, b. Document evidencing funding of investment; or uplifted shares, investments made c. Document showing transfer of assets to the Philippines; or prior to 15 March 1973) d. Document showing payment of the investment (either in cash or in kind); or e. Document effecting the change in registered investment; f. Stock Transfer Agent's Certificate for investments prior to 15 March L973; or g. Document showing the underlying transaction of the investment and amount involved. ll. Proof of investment Type of lnvestment Proof of Investment by Non-resident Investor A. Instruments for registration with the BSP under Section 36 L. Assigned capital/operational For investee firms that are corporations: Certificate of working fund/contributed capital Registration with the Philippine Securities and Exchange (Section 33.1.a) Commission (SEC)-Articles of Incorporation and amendments thereto (as applicable), latest General Information Sheet (GlS) stamped received by SEC and other regu latory/board clearances/approvals (as applicable); For investee firms that are partnerships: Certificate of Registration with the Philippine SEC Articles of Partnership and amendments thereto (as applicable) and other regulatory/board clearances/ approvals (as applicable); For investee firms that are sole proprietorships: Registration certification from the Department of Trade and Industry (DTl); For joint ventures: Certificate of Registration with the Philippine SEC-Articles of Incorporation/Partnership and amendments thereto or joint venture agreement (as applicable); and b. Document showing investment by non-resident investor (as applicable) 2. Ownership or purchase of a. Condominium Certificate of Title in the name of the foreign condominium unit investor; or (Section 33.1.b) b. Deed of Absolute Sale; or c. Contract to Sell with acknowledgment receipts/proof of payment for the property to be registered as investment, or equivalent document 3. Capitalized expenses incurred by Government-approved service contract/other contract and foreign firms (Section 33.1.c) Department of Energy (DOE)/National Power Corporation (NpC) letter-validation of expenditures showing, among others, the

APPENDIX 10.C (As introduced by Circular No. 1030 dated 5 Feb 2019) Tvpe of lnvestment Proof of Investment by Non-resident Investor distribution of validated expenditures among the partners under the service contract/other contract, or equivalent document 4. Equity securities issued onshore a. For investee firms that are corporations: Certificate of by residents that are not listed Registration with the Philippine SEC-Articles of an onshore exchange Incorporation and amendments thereto (as applicable), lSection 33.3.a.(i)l latest GIS stamped received by SEC and other regulatory/board clearances/approvals (as applicable); For investee firms that are partnerships: Certificate of Registration with the Philippine SEC Articles of Partnership and amendments thereto (as applicable) and other regulatory/board clearances/approvals (as applicable); For investee firms that are sole proprietorships: Registration certification from the Department of Trade and Industry (DTl); For joint ventures: Certificate of Registration with the Philippine SEC-Articles of Incorporation/Partnership and amendments thereto or joint venture agreement (as applicable); and For investments prior to 15 March 1973 without Stock Transfer Agent's Certificate: Document evidencing existence and purchase/acquisition of onshore legitimate investments by non-residents, or equivalent document b. Document showing investment by non-resident investor (as applicable) 5. Debt securities issued onshore by Purchase invoice or subscription agreement, or equivalent private sector residents that are document (e.g., promissory note) not listed at an onshore exchange and not covered by the provisions of Part Three, Chapter I of the FX Manual lSection 33.3.b.(i)l 6. Investment funds created Certificate of investment/proof of purchase/acknowledgment onshore by residents, whether receipt of payment issued by the issuer/seller, or equivalent listed or not listed at an onshore document showing non-resident investor's investment in said exchange (Section 33.3.d) funds 7. Philippine Depository Receipts PDR instrument/certificate/subscription agreement/proof of (PDRs) that are not listed at an sale or equivalent document showing non-resident investor's onshore exchange investment in PDRs [Section 33.3.e.(i)] 8. Debt securities issued onshore by Purchase invoice or subscription agreement, or equivalent non-residents that are not listed document at an onshore exchange (Section 34.2.a1 9. lnstruments issued by residents Document evidencing existence and purchase/acquisition of and non-residents which are not onshore legitimate investments by non-residents, or equivalent covered by Sections 33, 34 and document the provisions of Part Three, Chapter I ofthe FX Manual (Loans and Guarantees), and not contrary to applicable laws, rules and regulations (Section 35)

APPENDIX 1O.C {As introduced by Circular No. 1030 dated 5 Feb 2019) Tvoe of Investment Proof of Investment by Non-resident lnvestor 10. lnstruments under Section 36.l(a-C) used as collateral involving transfer of legal/beneficial ownership of the collateral to the non-resident investor B. Instruments for registration with MBs under Section 37 1. Debt securities issued onshore by Accredited dealer's Confirmation of Sale (COS), or equivalent the National Government and document other public sector entities (Section 33.2) 2. Equity securities issued onshore Purchase invoice or subscription agreement, or equivalent by residents that are listed at an document onshore exchange [Section 33.3.a.(ii)] For Investments prior to 15 March 1973: Stock Transfer Agent's 3. Debt securities issued onshore by Certification that the investment was made prior to private sector residents that are 15 March 1973 listed at an onshore exchange and not covered by the provisions of Part Three, Chapter I of the FX Manual lSection 33.3.b.(ii)l 4. Exchange Traded funds (ETFs) issued/created onshore by residents (Section 33.3.c) 5. PDRs that are listed at an onshore PDR instrument/certificate/subscription agreement/proof of exchange [Section 33.3.e.(ii)] sale or equivalent document showing non-resident investor's investment in PDRs 6. Peso time deposits with an MB Bank certificate of peso time deppsit with a maturity of at least 90 davs (Section 33.4) 7. Equity securities issued onshore Purchase invoice or subscription agreement, stock certificate or or offshore by non-residents that equivalent document are listed at an onshore exchange (Section 34.1) 8. Debt securities issued onshore by non-residents that are listed at an onshore exchange (Section 34.2.b) 9. Instruments under Document evidencing existence and purchase/acquisition of Section 37.2(a-h) used as onshore legitimate investments by non-residents, or equivalent collateral involving transfer of document legal/beneficial ownership of the collateral to the non-resident investor

APPENDIX 10.1 (As amended by Circular Nos. 818 dated 06 Nov 2013, and 1030 dated 5 Feb 2019) CERTTFTCATE OF TNWARD REMTTTANCE (CrRl OF FOREIGN EXCHANGE NO. CCYY.NNNNNN.BBBBBBBBBBB Name of lssuing Bank TO THE BANGKO SENTRAL NG PILIPINAS: This is to certify that this Bank (mark the applicable box/boxes): Part A: o Received an inward remittance of foreign exchange (FX), with the following particulars: Remittance/Telegraphic Transfer: 1. Name of Remitter: Ref. No. Currency: Amount (in orig. currency): 2. Country of Remitter: USS Equivalent: 3. Remitting Foreign Bank: 4. Date of Remittance: (dd-mmm-yyyy) Part B: o Converted a portion/the full amount of FX inwardly remitted (photocopy of related CIR attached, if applicable), with the following particulars: 7. FX Receiving Bank: 8. CIR No.: 9. Remittance/Telegraphic Transfer Ref. No. 10. Date of 11. FX Converted in 12. FX Conversion 13. Bank Charges 14. PHP Proceeds 15. USS Equivalent original currency Rate (net of charges) of PHP proceeds Conversion (dd-mmm-yyyy) (net of remittance charges) (Original currency : PHP) (for non-US$ funds) Part C: O Amount not converted in CIR No. issued by under remittance/telegraphic transfer ref. no. used to fund foreign investments (for investments registered with BSP not requiring conversion to pesos): o Utilized a portion/the full amount of FX inwardly remitted (copy of related CIR attached, if applicable), with the following particulars (for investments registered with AABs): 16. FX Convertine Bank: 17. CIR No. : 18. Utilization Date/s 19. Amount Utilized (in PHP) (dd-mmm-yyw) This certificate is issued relative to the D inward investment of/ E loan granted by: < Name and Nationalitv of Investor/Creditor> in/favor of <Name of Investee/Borrowep on <Date of Certification>. Bank Branch or Department in Head Office signature of Authorized Bank officer over Printed Name ContactTelephone No.: Facsimile No.: Electronic Mail Address: IOD Form 03-002-04 r Version 3 ' Updated <Date>

APPENDIX 10.1 (As amended by Circular Nos. 818 dated 06 Nov 2O13, and 1030 dated 5 Feb 2019) Guide/lnstructions for Filling Out the Certificate of lnward Remittance (ClR) I. GENERALINSTRUCTIONS 1. Only one (1) CIR signed by an authorized officer shall be issued for each inward remittance of foreign exchange (FX)/conversion/non-conversion of FX to pesos. ClRs issued as replacement of a lost or erroneous CIR shall indicate that the former shall cancel and supersede the latter. The original CIR may be submitted to a registering bank or to the BSP, as applicable, as proof of funding for the issuance of a BSRD. 2. The respective parts of the CIR Form shall be accomplished as follows: Transaction Bank Responsible CIR Part Inward remittance of FX Receivine bank Part A bullet and items 1to 6 Conversion of FX Converting bank Part B bullet and items 7 to 15 inwardlv remitted Utilization of FX Bank holding the FX Part C first bullet inwardly remittedl inwardly remitted that will (registered with BSP) be used to fund investments not requiring conversion to pesos Utilization2 of the peso Depository bank Part C second bullet and proceeds of FX inwardly items 16 to 19 remitted (registered with AABs) a. A bank shall issue one CIR covering allthe transactions above as applicable (e.g., receiving bank is the converting bank and the bank which utilized the funds). b. Conversely, the appropriate bank may issue one CIR for each transaction above pertaining to the same inward remittance. c. Should the conversion and utilization of the inward remittance be done (a) by a bank other than the receiving bank; or (b) at a different time frame, a different ClR, with the appropriate fields filled-out, shall be issued for the subsequent transaction/s. 3. lf the bank issuing another CIR for the same inward remittance is different from the receiving bank, a certified true copy of the CIR pertaining to the inward remittance shall be provided bythe receiving banktothe converting bank. Moreover, if the bank issuing another CIR for the utilization of the inwardly remitted funds is different from the converting bank, a certified true copy of the CIR pertaining to the conversion shall be provided by the converting bank to the depository bank that will utilize the proceeds of such inward remittance. 1 Utilization refers to the actual purchase of instruments for which conversion of FX to pesos is not required 2 Utilization refers to the actual purchase of instruments for which conversion of FX to pesos is required IOD Form 03-002-04 * Version 3 t Updated <Date>

APPENDIX 10.1 (As amended by Circular Nos. 818 dated 06 Nov 2013, and 1030 dated 5 Feb 2019) II. SPECIFICINSTRUCTIONS CIR NUMBER FORMAT - CCYY-NNNNNN-BBBBBBBBBBB where . CCYY for the year the CIR is issued. o NNNNNN for the series number of the CIR o BBBBBBBBBBB for the enterprise-wide bank code A unique CIR number shall be generated for every inward FX remittance and/or conversion of FX to pesos. A new and unique CIR number is also required for the following instances: a. when conversion to pesos (whether partially or full) is: i. done by a bank other than the FX receiving bank; and ii. done after inward remittance date where the receiving and converting bank are the same; and b. replacement of lost or erroneous ClR. For investments registered with AABs, no new CIR number shall be generated for utilization/s of converted funds. This transaction shall be referenced to the relevant CIR number of the related conversion which will be indicated in item no. t7 . 1. NAME OF REMITTER - refers to the name of the remitter of the fX. 2. COUNTRY OF REMITTER - refers to the country of residence/operation of the remitting party. 3. REMITTING FOREIGN BANK - refers to the name of the offshore bank that sent the FX funds to the Philippines. 4. DATE OF REMITTANCE - refers to the value date when the receipt of FX was recorded in the books of the receiving bank. Field format is ccyymmdd (e.9., 01-Dec-2018 will be indicated as 20181201). The same format is standard for all date fields in the report. 5. REMTTTANCE / TELEGRAPHTC TRANSFER: REFERENCE NUMBER - refers to the bank's unique reference number. CURRENCY - refers to the currency of the funds remitted; please use the FX symbol/ticker used in the BSP Reference Exchange Rate Bulletin. AMOUNT - refers to the amount of the FX (net of receiving bank charges) received by a bank. USS EQUIVALENT - refers to the US dollar equivalent of the FX remitted (net of receiving bank charges)to the receiving bank; please fill up only if FX received is not US dollars. 6. BENEFTCTARY(|ES) DETATLS: NAME - refers to the account/company name of the intended recipient of the funds. AMOUNT - refers to the corresponding amount of the FX remitted in original currency intended for the onshore beneficiary. 7. FX RECEIVING BANK'S NAME - refers to the name of the onshore bank which received the FX funds. IOD Form O3-002-O4'Version 3 | Updated <Date>

APPENDIX 10.1 (As amended by Circular Nos. 818 dated 06 Nov 2013, and 1030 dated 5 Feb 2019) 8. CIR NUMBER - refers to the unique CIR reference number of the receivlng bank pertaining to the FX funds received. 9. REMITTANCE/TELEGRAPHIC TRANSFER REF. NO. - refers to the unique reference number of the remittance/telegraphic transfer for the FX inwardly remitted. 10. DATE OF CONVERSION - refers to the actual date of conversion to local currency. 11. FX RATE - refers to the exchange rate used for the conversion of FX to Philippine peso in four decimal places (e.9., PHP50.2800). L2. FX CONVERTED - refers to the amount of FX (e.g., JPY, EUR) converted to pesos. 13. BANK CHARGES - refers to the amount of total bank charges, if any, of the FX converting bank deducted from the peso proceeds. 14. PHP PROCEEDS - refers to the peso amount received from the conversion of FX, net of any bank charges collected by the FX converting bank. 15. USS EQUIVALENT (lf FX remitted is other than USD) - refers to the US Dollar value of the peso proceeds. This is a mandatory field for remittances other than USD to be computed as follows: peso proceeds divided by the BSP reference rate (PHP/USD) on the conversion date. 16. FX CONVERTING BANK- refers to the name of the onshore bank which converted the FX funds to pesos. 17. CIR NUMBER - refers to the CIR number covering the FX for conversion to pesos. 18. DATE OF UTILIZATION - refers to the actual date/s of utilization of the peso proceeds (i.e., settlement date). 19. UTILIZED AMOUNT lN PHP - refers to the amount of peso proceeds utilized. IOD Form 03-002-04 * Version 3 * Updated <Date>

APPENDIX 10.2 (As amended by Circular Nos. 794 dated 18 Apr 2013 and 1030 dated 5 Feb 2019) Reserved

APPENDIX 10.3A (As amended by Circular Nos. 742 dated 21 Nov 2011, 794 dated 18 Apr 2013 and 1030 dated 5 Feb 2019) Reserved

APPENDIX 10.38 (As amended by Circular Nos. 794 dated 18 Apr 2013 and 1030 dated 5 Feb 2019) Reserved

APPENDIX 10.4 (As amended by Circular Nos. 838 dated 20 Jun 2014 and 1030 dated 5 Feb 2019) AUTHORITY TO DISCTOSE INFORMATION "The undersigned lname of non-resident investor or his dulv authorized representative. oursuant to the sworn special authoritv issued bv the non-resident (copv attachedl)l hereby authorizes: 1. [name of custodian bank] to disclose to [name of desisnated resisterins bankl2; and 2. lname of desisnated registering bankl to disclose to the Bangko Sentral ng Pilipinas: any information that may be required by the BSP relative to any and all investments of lname of non-resident investorl that are held in custody/registered by the bank. In this regard, these investments shall cover those existing as of date of the authority, as well as any subsequent investments of said non-resident investor. It is understood that data compiled by the BSP from such disclosure/reports/documents may be used in aggregated form only, for statistical and/or policy purposes and shall not be released in disaggregated form. I declare that: (i) | have read and fully understood the contents of this document; and (ii)this authority is given knowingly, willingly and voluntarily. Date Signature over Printed Name Executed by the investor for the authorized representative Note: This applies only if custodian bank is different from registering bank.

APPENDIX 11 (As amended by Circular Nos. 794 dated 18 Apr 2013, 815 dated 18 Oct 2013 and 1030 dated 5 Feb 2019) Reserved

APPENDIX 11.1A {Pursuant to Circular No. 815 dated 18 Oct 2013, and as amended by Circular No. 1030 dated 5 Feb 2019) Reserved

APPENDIX 12 (As amended by Circular No. 1030 dated 5 Feb 2019) Reserved

APPENDIX 18 (As amended by Circular Nos. 794 dated 18 Apr 2013, 818 dated 06 Nov 2013, 874 dated 8 Apr 2015, 925 dated 13 Sept 2016 and 1030 dated 5 Feb 2019) Reserved

APPENDIX 18.1 )age 1 of 3 (As introduced by Circular No. 1030 dated 5 Feb 2019) Guidelines and Minimum Documentary Requirements for Foreign Exchange (FX! Forward and Swap Transactions Involving Trade, Non-Trade Current Account and Resident to Resident FX Transactions The following are the guidelines and minimum documentary requirements for FX forward and swap transactions involving trade, non-trade current account and resident to resident FX transactions (except foreign currency loans from banks operating in the Philippines, which shall be governed by Appendix 18.2 of the FX Manual): 1. Unless otherwise indicated, documents shall be presented/submitted on or before deal date to banks. 2. The documentation shall apply only to FX transactions with amounts (per underlying transaction) exceeding USD500,000 (for individuals) and USD1,000,000 (for corporates/other entities) for trade and non-trade current account transactions. For trade transactions pertaining to net payables under an intercompany netting arrangement, and resident to resident FX transactions, documents shall be presented/submitted regardless of amounts involved. A. FORWARD SALE OF FXTO COVER FX OBTIGATIONS - DEIIVERAEIE AND NON.DELIVERABLE 1. TRADE TRANSACTIONS 1.1 Under Letters of Credit (LC) a. Copy of LC opened; and b. Accepted draft or Copy of Commercial invoice/Bill of Lading. L.2 Under Documents against Acceptances (DA)/Open Account (OA) Arrangements a. Certification of reporting bank on details of the DA/OA transaction under Schedule 10 (lmport Letters of Credits Opened and D/A-O/A lmport Availments and Extensions) of FX Form 1 (Consolidated Report on Foreign Exchange Assets and Liabilities); and b. Copy of commercial invoice. L.3 For intercompany netting: a. Statement of intercompany receivables and payables certified as true and correct by the customer'sl authorized officer; and For settlement under intercompany netting arrangements wherein the net amount payable is already final/determined on or before deal date, the final statement of intercompany receivables and payables shall be presented to the FX selling institution which shall retain same.

APPENDIX 18.1 (As introduced by Circular No. 1030 dated 5 Feb 2019) b. Copy of the pertinent intercompany netting arrangement between related parties certified as true copy by the importer's authorized officer. In addition to the above requirements, the bank shall require the customer to submit a Letter of Undertaking that: i. Before or at maturity date of the forward contract, the importer shall comply with the documentary requirements on sale of FX for trade transactions under Appendices 4 and 6.1 of the FX Manual; and ii. No double hedging has been obtained by the customer for the covered transactions. L.4 Direct Remittance Original shipping documents indicated in item ll.a of Appendix 4 of the Manual, as amended. 2. NON-TRADE CURRENT ACCOUNT TRANSACTIONS Non-trade current account transaction with specific amount and due date may be covered by an FX forward contract, subject to the documentary requirements under Appendix 1 of the FX Manual. 3. RESIDENT TO RESIDENT FXTRANSACTTONS (EXCLUDTNG FORETGN CURRENCY LOANS) Resident to resident FX transaction with specific amount and due date may be covered by an FX forward contract, subject to the documentary requirements under Appendix 1 of the FX Manual. B. FORWARD SALE OF FX TO COVER EXPOSURES INVOTVING TRADE TRANSACTIONS - DETIVERABTE AND NON-DETIVERABLE 1. Under LC a. Copy of LC opened; and b. Proforma Invoice, or Sales Contract / Purchase Order. 2. Under DAIOA, Documents Against Payment (DP) or Direct Remittance (DR) Any of the following where delivery or shipment shall be made not later than one (1) year from deal date: a. Sales Contract; b. Confirmed Purchase Order;

APPENDIX 18.1 (As introduced by Circular No. 1030 dated 5 Feb 2019) c. Accepted Proforma lnvoice; and d. Shipment/lmport Advice of the Supplier. ln addition to the above requirements, the bank shall require the customer to submit a Letter of Undertaking that: At maturity of the forward contract, the importer shall comply with the documentary requirements on the sale of FX for trade transactions under Appendix 4 of the FX Manual; and No double hedging has been obtained by the customer for the covered transactions. C. FORWARD PURCHASE OF FX Such FX forward contracts shall be subject to the bank's "Know Your Customer" policy and existing regulations on anti-money laundering. In addition, counterparties must be limited to those that are manifestly eligible to engage in FX forwards as part of the normal course of their operations, and which satisfy the bank's suitability and eligibility rules for such transactions. D. FX SWAPS AND CROSS-CURRENCY SWAPS 1. FX SALE (first \eg)/FORWARD FX PURCHASE (second leg) - The first leg of the swap shall be subject to the documentary requirements under Appendices 1 and 4 of the FX Manual, as applicable. 2. Fx PURCHASE (first Ieg)/FORWARD FX SALE (second leg) - The first leg of the swap will be subject to the bank's "Know Your Customer" policy and existing regulations on anti-money laundering. The second leg of the swap will be subject only to the swap contract between the counterparties without the need for customer's submission of a duly accomplished Application to Purchase FX. However, for swaps covering FX transactions between residents, the documentary requirements under Appendix 1 of the FX Manual shall also be presented to the bank counterparty prior to delivery of FX by the bank to its client at any time under the forward leg of the swap.

APPENDIX 18.2 (As introduced by Circular No. 1030 dated 5 Feb 2019) Guidelines and Minimum Documentary Requirements for Foreign Exchange (FX) Forward and Swap Transactions Involving Loans/Borrowings, Guarantees and Investments The following are the guidelines and minimum documentary requirements for FX forward and swap transactions involving loans/borrowings, guarantees and investments: Unless otherwise indicated, documentary requirements shall be presented/submitted on or before settlement date to banks, regardless of amounts involved. However, AABs shall implement their "Know Your Customer" policies and conduct due diligence to ascertain the existence of a legitimate underlying FX transaction on or before deal date. 2. The amount of the derivatives contract shall not exceed the outstanding amount of the underlying transaction during the term of such contract. 3. It is understood that the underlying transaction is eligible for servicing using FX resources of AABs/MB forex corps (e.g., duly reported/registered) on settlement date. 4. Hedging of permanently assigned capital of Philippine branches of foreign banks/firms is not allowed. FORWARD SALE OF FX TO COVER FX OBLIGATIONS - DETIVERABTE AND NON-DETIVERABLE Transactions with specific amounts and due dates shall be eligible for forward contracts, and shall be subject to the documentary requirements under Appendices 1, 1.3 and L.4 of the FX Manual, as applicable, and the following guidelines: 1. FORETGN/FORETGN CURRENCy LOANS/BORROWTNGS The outstanding obligation may be covered by an FX forward contract, subject to the documentary requirements under Appendices 1 and 1.3 of the FX Manual, as applicable. 2. INWARD INVESTMENTS The unremitted amount of sales/maturity proceeds, as well as earnings of non-resident investors pertaining to BSP-registered investments in instruments underSections 36.1 and 37.2of the FX Manual may be covered by FXforward contracts subject to the documentary requirements under Appendix 1.4 of the FX Manual. Prospective sales proceeds from investments may be covered by an FX forward contract only if determined to be outstanding as of deal date for the

APPENDIX 18.2 (As introduced by Circular No. 1030 dated 5 Feb 2019) contract and payable on a specific future date as indicated in the covering agreement or equivalent document, subject to the documentary requirements under Appendix L.4 of the FX Manual. 3. OUTWARD INVESTMENTS The intended amount of outward investment with specific remittance date may be covered by an FX forward contract, subject to the documentary requirements under Appendix L.4 of the FX Manual. B. FORWARD SALE OF FX TO COVER EXPOSURES - DETIVERABTE AND NON.DETIVERABLE 1. FORETGN/FORETGN CURRENCY LOANS/BORROWTNGS The outstanding balance of foreignforeign currency loans/borrowings may be covered by a forward contract, subject to the documentary requirements under Appendices 1 and 1.3 of the FX Manual, as applicable. 2. GUARANTEES FX exposure arising from a call on a guarantee may be covered by a forward contract up to the amount guaranteed by the guarantor, subject to the documentary requirements under Appendix 1.3 of the FX Manual. 3. INWARD INVESTMENTS The outstanding balance of investments without specific repatriation date, may be covered by a forward contract, based on its carrying value on deal date, subject to the documentary requirements under Appendix 1.4 of the FX Manual. Earnings with specific amount but without specific remittance date, arising from investments, may be covered by a forward contract, subject to the documentary requirements under Appendix L.4 ol the FX Manual. 4. OUTWARD INVESTMENTS The intended outward investment without specific amount and/or remittance date may be covered by a forward contract, subject to the documentary requirements under Appendix L.4 of the FX Manual. C. FORWARD PURCHASE OF FX Such FX forward contracts shall be subject to the bank's "Know Your Customer" policy and existing regulations on anti-money laundering. In addition, counterparties must be limited to those that are manifestly eligible to engage in FX

APPENDIX 18.2 (As introduced by Circular No. 1030 dated 5 Feb 2019) forwards as part of the normal course of their operations, and which satisfy the bank's suitability and eligibility rules for such transactions. D. FX SWAPS AND CROSS.CURRENCY SWAPS 1. FX SALE (first \eg)/FORWARD FX PIJRCHASE (second leg) - The first leg of the swap shall be subject to the documentary requirements under Appendices 1.3 and L.4 of the FX Manual, as applicable. 2. FX PURCHASE (first \eg)/FORWARD Fx SALE (second leg) - The first leg of the swap shall be subject to the bank's "Know Your Customer" policy and existing regulations on anti-money laundering. The second leg of the swap shall be subject only to the swap contract between the counterparties without the need for customer's submission of a duly accomplished Application to Purchase FX. However, swaps covering foreign/foreign currency loans/borrowings, guarantees and inward investments shall be subject to the documentary requirements under Appendices 1, 1.3 and 1.4 of the FX Manual, as applicable, prior to delivery of FX by the bank to its client at any time under the forward leg of the swap. The AAB counterparty for the swap contract shall notify the BSP of the details of the swap and the loans to be funded showing, among others, the borrowers' profile, terms of the loan and swap (e.g., amount, tenor), and other pertinent information. For this purpose, the swap contract covering foreign/foreign currency loans/borrowings and inward investmentsl must include a statement that: "There shall be no delivery of foreign exchange at any time under the swap contract unless the foreignfforeign currency loans/borrowings/inward investments are duly registered/reported with the BSP, as applicable." For this purpose, foreign/foreign currency loans, guarantees and inward investments refer only to those requiring prior BSP approval and/or registration, as may be applicable.

APPENDIX 20 (As amended by Circular Nos. 742 dated 21 Nov 2011, 794 dated 18 Apr 2013, 925 dated 13 Sep 2016, 984 dated 22Dec2OL7 and 1030 dated 5 Feb 2019) Processing Fees on Foreign Exchange (FX) Transactions Tvoe of Transaction Fee Pavment Mode Other details BSP approval of 0.02 percent of the loan amount Payments shall be The fees shall be paid through Publicly-guaranteed applied for approval, with a minimum made through the the AABS participating in the Private Sector of USS300 and maximum of participating BSP's online system in the peso Foreign/Foreign Cu rrency uss50,000. authorized agent banks equivalent using the BSP Loans/Borrowings (AABs) under the BSP reference rate one (1) banking online system (or to the day preceding the date of BSP-Cash Department Order of Payment generated in Manager's Check or through the BSP online system. BSP registration of private PHP20,000.00 per loan account Cashier's Check payable For manually-prepared Order sector foreign loans/ to the BSP). of Payment, payment shall be borrowings that are not made through the BSP-Cash publicly-guaranteed, Department in Manager's wherein the notice to BSP Check or Cashier's Check and/or the application for payable to the BSP. All registration is/are filed payments shall be supported beyond the prescriptive an Order of Payment generated periodl by the BSP's online system, or manually prepared by the BSP- lOD, as the case may be. Review and clearance by PHP20,000.00 per loan account Payments shall be the Inter-Agency made through the Committee for Review of Applications requested to be treated BSP-Cash Department Foreign Loan Documents on a rush basis shall be charged twice in Manager's Check or of foreign loan the foregoing rate. Cashier's Check payable documents/ agreements of to the BSP, supported Government-Owned and by an Order of Payment Controlled Corporations from the BSP-IOD. Replacement of Lost Payments shall be PHP4,000.00 for every replacement Payment must be made prior to Bangko Sentral BSRD issued and/or their made through the release of the BSRD. Registration Documents accompanying schedules: Schedule BSP-Cash Department (BSRDs) for foreign loans2 RA-2 (Part l: Schedule of Payments on in Manager's Check or BSP-Registered Foreign/FCDU Loans Cashier's Check payable and Part ll- Details of FXlHedging to the BSP, supported Transactions for BSP-Registered by an Order of Payment Foreien/FCDU Loans) from the BSP-IOD. Purchase by registering PHP100.00/piece of the BSRD form Payments shall be Payment must be made prior banks of BSRD form printed by the BSP to be used in the made through the to release of the BSRD form. registration of foreign portfolio BSP-Cash Department investments in cash, or Manager's Check or Cashier's Check payable to the BSP, or through debit of the bank's regular demand deposit account with the BSP. Replacement of lost BSRD PHP2,000 for every BSRD Payments shall be Payment must be made prior for BSP-registered foreign replacement issued made through the to release of the BSRD. investments BSP-Cash Department in cash, or Manager's (a) Submission of notice to BSP beyond one (1) month from date of signing of the covering agreement(s)/ document(s); or (b) Filing of application for registration for short-term loans beyond one (1) month from drawdown date; or (c) Filing of application for registration for medium- and long-term loans beyond six (5) months from utilization of proceeds BSP registration letter including attachments

APPENDIX 20 (As amended by Circular Nos. 742 dated 21 Nov 2011, 794 dated 18 Apr 2013, 925 dated 13 Sep 2015, 984 dated 22DeczOI7 and 1030 dated 5 Feb 2019) Type of Transaction Fee Pavment Mode Other details Check or Cashier's Check payable to the BSP, or through debit of the bank's regular demand deposit account with the BSP. Registration of foreign 1" year of filing beyond the Payments shall be Payment must be made prior investments with the BSP prescriptive period: PHP10,000 for made through the to release ofthe BSRD. beyond the one (1) year every BSRD issued BSP-Cash Department prescriptive period in Manager's Check or 2nd year of filing beyond the Cashier's Check payable prescriptive period and onwards: An to the BSP, supported additional fee of PHP10,000 for each by an Order of Payment year for every BSRD issued from the BSP-IOD.

APPENDIX 21 (Pursuant to circular No. 1030 dated 5 Feb 2019) Deadline: Not later than 15 banking days from end of reference month Submission: Email to International Operations Department at [email protected] Report CateSory: A-2 Report FOR UNIVERSAL BANKS/COMMERCIAT BANKS/THRIFT BANKS/RURAI/COOPERATIVE BANKS (lndicate as may be applicable) Name of Bank Address PART A: CONSOLIDATED REPORT ON FOREIGN CURRENCY TOANS GRANTED BY REGUIAR BANKING UNITS As of REPUBLIC OF THE PHILIPPINES ) ) S.S. I solemnly swear that all matters set forth in this report are true, correct and consistent with the Financial Reporting Package to the best of my knowledge and belief. Signature Over Printed Name of the Authorized Officer/Designation SUBSCRIBED AND SWORN TO BEFORE MEthis_dayof .20 affiant exhibiting to me his/her government issued lD issued at - on NOTARY PUBLIC Until 31 December 20 PTR No. Doc. No. Place Page No. Book No. Series of

APPENDIX 21 (Pursuant to circular No. 1030 dated 5 Feb 2019) Deadline: Not laterthan 15 banking days from end of reference month Submission: Email to International Operations Department at I [email protected] Report Category: A-2 R€port FOR UNIVERSAT BANKS/COMMERCIAT BANKS/THRIFT BANKS/RURAI/COOPERATIVE BANKS (lndicate as may be applicable) Name of Bank Address PART B: CONSOTIDATED REPORT ON TOANS GRANTED BY E/FCDUs (lOS FORM 4) As of REPUBLTC OF THE PHTLtPPtNES ) ) s.s. I solemnly swear that all matters set forth in this report are true, correct and consistent with the Financial Reporting Package to the best of my knowledge and belief. Signature Over Printed Name of the Authorized Officer/Designation SUBSCRIBED AND SWORN TO BEFORE ME this _ day of . 20 affiant exhibiting to me his/her government issued lD issued at - on NOTARY PUBLIC Until 31 December 20 PTR No. Doc. No. Place Page No. Book No. Series of

ANNEX A (As amended by Circular Nos. 598 dated 05 Nov 2010, 794 dated 18 Apr 2013, 925 dated 13 Sep 2016, 984 dated 22 Dec 2OL7 , and 1030 dated 5 Feb 2019) APPLTCATION TO PURCHASE FOREIGN EXCHANGE (FX)1 Reference No. TO: (Name of AAB/MB forex corp) (Address) I hereby apply to purchase FX with the following details: APPLICANT DETAILS: o Individual o Corporate/Other Entity Name Address Tel. No./Fax No./Email Address: Tax ldentification No. Valid Government lD Presented/lD No. Residency (pleose check oppropriote box) o Resident o Non-resident FX to be purchased Amount (ln Words) (ln Figures) PURPOSE: (please check appropriate box/es) o Foreign loans (Debt Account No: _) o Trade (payment for importations) O Owed to Non-residents (otherthan OBUs) o Resident to resident transactions O Owed to Offshore Banking Units in the Philippines O Obligations to residents tr Prepayment D Investments in instruments (including time tr Regular Payment deposits with at least 90-day maturity with tr Principal onshore banks but excluding other bank O Interest deposits such as savings and demand) that are O Fees issued by other residents o lnward lnvestments by Non-Residents Pleose specify; tr Repatriation of capital O Foreign currency loans owed to banks operating O Remittance of earnings in the Philippines (FCDU/EFCDU/RBU) O Remittance in equivalent FX of excess pesos (funded O Prepayment by inward remittance) from unrealized investments O Regular Payment in the Philippines tr Principal O Settlement of FX obligations/payables of residents D Interest to non-resident investors relative to D Fees FX-denominated equity and debt securities issued O Others (P/eose specify): by residents that are not partaking the nature of a O Non-trade current account transactions foreign loan O Services O Remittance in equivalent FX of peso proceeds from Please specify2: onshore sale by non-resident issuer of their equity o Non-merchandise I nsurance and debt securities tr Premium o Outward Investments by Residents D Claims/payables Total FX purchases for the current calendar year: _ tr Passenger Ticket O Equity securities o Travel Expenses E not listed at an exchange tr tr listed at an exchange Commissions tr Debt securities o Professional/Management Fees E Offshore Mutual Funds (MFs)/Unit Investment Trust tr Royalties Funds (UlTFs) D lncome3 O Intercompany loan between/among related parties o Transfers (e.g., grants, donations) tr Purchase of real property abroad, such as tr Others (P/eose specify ) : condominium units and those for/under O others construction tr Conversion to FX of peso deposit accounts of D Instruments issued onshore by non-residents non-residents requiring settlement in foreign currency O Others /P/eose specify): O Others To be accomplished for each purpose to which FX shall be purchased from AABS/AAB forex corps. Duly accomplished application form, as well as supporting documents for sale of FX by MBs/MB-forex corps, may be submitted in accordance with items 5 and 6 of Chapter l, Part I of the FX Manual. MBs/AAB forex corps shall make available the original/electronic/digital/photocopy of documents (as applicable) upon request by the BSP for verification. Such as Communications, Manufacturing, Maintenance and Repairs, Postal and Courier, Computer and Information, Research and Development, Advertising, Market Research, Technical, and Other Business Services Other than those related to loans and investments

ANNEX A (As amended by Circular Nos. 698 dated 05 Nov 2010, 794 dated 18 Apr 2013, 925 dated 13 Sep 2016, 984 dated 22 Dec zOLl , and 1030 dated 5 Feb 2019) FX DISPOSITION: (please check appropriate box) O FOR DIRECT REMITTANCE O FOR CREDIT TO FCDU ACCOUNT tr In Full Amount: tr ln Full Amount: tr Partial Amount: D Partial Amount: Name of Account Owner: Account No.: For eventual remittance on or before: INTENDED BENEFICIARY OF FX REMITTANCE: (Required to be filled out except for travel, medical expenses not yet incurred, and sales proceeds of emigrant's domestic assets if emigrant is still in the country) Nama Address : I hereby certify that: a. No double purchase of FX has been made, whether on spot basis and/or via derivatives contracts covering the same underlying tra nsaction/s; b. The FX purchased shall be used for the declared purpose; c. For FX purchased that are credited to the FCDU account: (i) The FX purchased shall eventually be remitted to the declared intended beneficiary, on or before due date; and (ii) In the case of investments in instruments under Sections 33.1 (foreign direct investment) and 33.3.a.i (equity securities not listed at an onshore exchange), crediting of FX to the FCDU account of the non-resident investo/s resident agent/authorized representative is duly authorized by the non-resident investor, and the FX shall eventually be remitted to the non-resident investor/intended beneficiary, unless to be reinvested onshore by the non-resident; d. As FX purchaser, I will disclose to the remitting bank the intended purpose of remittance; e. FX purchases shall not be made to circumvent regulations on FX transactions; f. The supporting documents submitted via official channel (whether in hardcopy or via electronic/digital means) are genuine, credible and not tampered; g. All applicable laws, rules and regulations covering the declared FX transaction/s are complied/shall be complied with; h. Pertinent documents shall be made available upon request by the BSP for verification; and i. The information disclosed in this application form are, to the best of my/our knowledge and belief, complete, true and correct, and that the declaration is made in good faith. Date of Application (dd-mmm-yyyy) Signature Over Printed Name Page 2 ot 2

ANNEX D.1 (As amended by Circular Nos. 742 dated 21 Nov 2011 and 1030 dated 5 Feb 2019) BANEKO SENTRAL NO PILIPINAs International Operations Department Approval-ln-Princlpleb LGU 1. Loan/Borrowing Profile (Annex E.3) n 2. For project loans: (a) Investment Coordination Committee (lCC) approval; n N/A (b) National Economic and Development Authority Board confirmation of ICC approval n ! ofthe project (if required); and 3. For program loans: Development Eudget Coordination Committee approval; and n N/A N/A 4. Department of Finance approval-in-principle N/A n ! Final Approval 1. Loan/Borrowing Profile (Annex E.3) indicating final terms of the loan n n ! 2. Signed unnotarized loan/credit/guarantee and related agreements ! ! n 3. DOF endorsement for unguaranteed loans pursuant to MB Resolution No. 141 dated 5 February 2004 N/A n N/A 4. Agreed minutes/results of negotiations, as applicable (e.g., for bilateral loans, loans from n n ! the Asian Development Bank); 5. Clearance from the Inter-agency Committee for Review of ! ! ! <Name of borrower-applicant> hereby undertakes/certifies that: The transaction covered by this application complies/will comply with the following: (i) The provisions of all applicable laws, rules and regulations (including charters of GOCCs) governing the borrowing and its purpose; (ii) All necessary/required approvals/clearances/endorsements/permits/authorities from othergovernment agencies and oversight bodies; (iii) The conditions imposed on the approval ofthe project (ifany) by government agencies and/or oversight bodies; and (iv) The provisions of Republic Act (R.A.) No. 8182 [An Act excluding Official Development Assistance (ODA] from the Foreign Debt Limit in Order to Facilitate the Absorption and Optimize the Utilization of ODA Resources, amending for the purpose Paragraph 1, Section 2 of R.A. No. 485O as amendedl, as applicable; (i) For changes that may not have monetary/financial implications [e.9,, change in creditor; change in creditor's name (e.g., due to merger, corporate restructurin& among others)l or change in availability/closing date, a notice to BSP-IOD shall be sent within one (1) month from availability of information. (ii) For changes in borrower/guarantor, purpose, financial terms and conditions of loans/ borrowings, BSP approval shall be obtained prior to signing of the covering agreement/effectivity of change. Pertinent documents/information shall be made available upon request by the BSP for verification; Changes to any submitted foreign borrowings plan covering other loans/borrowings shall be communicated to the BSP-IOD within two (2) weeks upon availability of information for monitoring purposes; The information disclosed in this Application Form and its attachments are, to the best of my knowledge and belief, complete, true and correct, and this declaration is made in good faith; f) Any concealment/misrepresentation made under this Application Form and its attachments, and failure to comply with commitments indicated hereinmaycausethecancellation/revocationoftheapproval/registrationdocument/letterauthoritythatmaybeissued bytheBSP;and/ordenial of future applications for BSP action: I have been duly authorized by the borrower's management/Board of Directors/appropriate approving authority to file this application and present the information contained herein; and I have read and understood all the instructions contained herein. Signature over printed name of authorized officer/official" Designation Date: All fields should be properly filled out; put "N/A" for fields that are not applicable. Use the following format for dates: DD-MMM-YYYY (e.g., O1-Dec-2018) For Government banks/financial institutions, please accomplish attached Status of Relending Lines form. Rcferstoanoficerwitharankrquiva|enttoat|eastHe.dofthea8ency/Presidcnt/chiefEx€cutiveofficer/chiefoperatingofc€r/ch|e othemise, he/she must be duly authorized by the Board of Directors or any ofthe foregoing/appfopriate approving authority or its equival€nt. IOD Form 02-002-01 | Version 5 | Updated _ 2019 Page 1 of 2

ANNEX D.1 (As amended by Circular Nos. 742 dated 21 Nov 2011 and 1030 dated 5 Feb 2019) STATUS OT RE$NDING LINES {Amo*nts in tvllllionsl Name of Borrower As of (DD-MMM-YYYYI Closing Date Amount Subject to Debt Committed Amount Drawn Amount Undrawn Balances Commitment MB Res. (DD-MMM-YYr r) Original Rate of Utilization Payment of Creditor/Project/Purpose Account (ln Original Currency) (ln Original Currency) (ln Original Currency) Fee ilo./ Date Currency (cl=b/a Commitment Fees No. (DAN! (a) (b) (dl = a'b (Percent p.a.) (ln us$l Original Revised lilercolCruffiod:j',:.il +: Proiect A Proiect B Proiect C Proiect n ;ub-Total luMCff } ri Ll ;t ', ' l:ti Proiect A Proiect B Proiect C Proiect n 5ub-Total ilATIDX}YTL: : s U55 ]PY EUi KRW sDR OT1ICRS TOTAI {plssp€cltol lin uss} AnountCommitted tunount Drawn anou.t Rele.t Undawn Anount for ielEndi.g Anount SubFd to t.ynent of Comnltmeit F€€s (USS) ' Exchange rates used (as of (lf more spoce is needed, use o seporote sheet of paper following the some format) IOD Form 02-002-01 | Version 5 + Updated _ 2019 Page 2 ot 2

ANNEX D.z.A (Pursuant to circular No. 1030 dated 5 Feb 2019) BANOKO S=XTNIU NO PILIPINAS International Operations Department Borrower Creditor/s Guarantor/s Loan Amount (in original currenc{ DOCUMENTS REqUIRED 'UPPORTING E Loan/Borrowing Profile (Annex E.3) E Proof of payment of BSP processing fee [The borrower-applicantl hereby certifies and undertakes that: a) The transaction covered by this application complies/will comply with all applicable laws, rules and regulations, including required approvals/clearances/endorsements/permits/authorities from the concerned government agencies/oversight bodies; b) (i) For changes that may not have monetaryfinancial implications [e.9., change in creditor; change in creditor's name (e.9., due to merger, corporate restructuring, among others)l or change in availability/closing date, a notice to BSP-IOD shall be sent within one (1) month from availability of information. c) Pertinent documents/information shall be made available upon request by the BSP for verification; d) Changes to any submitted foreign borrowings plan covering loans/borrowings shall be communicated to the BSP-IOD within two (2) weeks upon availability of information for monitoring purposes; e) The information disclosed in this Application Form and its attachments are, to the best of my knowledge and belief, complete, true and correct, and this declaration is made in good faith; Any concealment/misrepresentation made under this Application Form and its attachments, and failure to comply with commitments indicated herein may cause the cancellation/revocation of the approval/registration document/letter authority that may be issued by the BSP and/or denial of future applications for BSP action; s) I have been duly authorized by the borrower's management/Board of Directors/appropriate approving authority to file this application and present the information contained herein; and h) I have read and understood all the instructions contained herein. Signature over printed name of authorized officerb Designation Date All fields should be properly filled out; indicate N/A for fields that are not applicable. Use the following format for dates: DD-MMM-\.yyy (e.g., 01-Dec-2018) Referstoanofllcerwitharankequiva|enttoat|ea5tHeadoftheagency/President/chiefExecutiveoffcer/chiefoperatintoffcer/chiefFinanceoffcer/ChiefTreasurcer; otherwise, he/she must be duly authorized by the Board of Directors or any ofthe foregoing/appropriate approving authority or its equivalent. 'or IOD use onlv \mount of Applicable Fee (ln Pesos): )ayment Date: IOD Form 02-001-01 + Version 7 * Updated _2019

ANNEX D.2.8 (Pursuant to circular No. 1030 dated 5 Feb 2019) BANoKO I'ENTRAL NO PILIFINAS International Operations Department Loan/Borrowing Profile (Annex E.3) indicating signed coveringagreements and relateddocuments final loan terms and changes, if any, from the (such as guarantee agreement, offerint underwriting previous submission/s to the BSP agreement, among others) and/or signed agreements covering amendments in terms [The borrower-applicant] hereby certifies and undertakes that: The transaction covered by this application complies/will comply with all applicable laws, rules and regulations, including required approvals/clearances/endorsements/permits/authorities from the appropriate government agencies and oversight bodies; For publicly-guoranteed privote sedor loons: (i) For changes that may not have monetary/financial implications [e.9., change in cr€ditor; change in creditor's name (e.g., due to merger, corporate restructuring among others)l or change in availability/closing date, a notice to BSP-IOD shall be sent within one (1) month from availability of information. (ii) For changes in borrower/guarantor, purpose, financial terms and conditions of loans/borrowings, BSP approval shall be obtained prior to siSning of the covering agreement/effectivity of chan8e. For purely privote sector lodns: (i) The BSP shall be notified in writin& within 15 banking days upon availability of information/signing of the amended or supplementary agreement (as the case may bel, of any changes/additions to the loan's financial terms and conditions as well as any change in borrower/issuer/creditor/guarantor and other information or representations that may affect the loan; and (iil The supporting documents submitted electronically (if any) are genuine, credible and not tampered and that, hardcopies of the oriSinal/photocopy (as the case may be) of supporting documents shall be made available upon request by BSP for verification. Pertinent documents/information shall be made available upon request by the BSP for verification; Changes to any submitted foreign borrowings plan covering other loans/borrowings shall be communicated to the BSP-IOD within two (2) weeks upon availability of information for monitoring purposes; The information disclosed in this Application Form and its attachments are, to the best of my knowledge and belief, complete, true and correct, and this declaration is made in good faith; Any concealment/misrepresentation made under this Application Form and its attachments, and failure to comply with commitments indicated herein may cause the cancellation/revocation of the approval/registration document/letter authority that may be issued by the BSP and/or denial of future applications for BSP action; I have been duly authorized by the borrower's management/Board of Directors/appropriate approving authority to file this application and the information contained herein; and I have read and understood all the instructions contained herein. Signature over printed name of authorized officerb Designation Date : ' All fi.lds should be properly filled out; indic.tc N/A fo. fi.lds th.t .r. not .ppllc.bl.. U$ thc followint form.t for d.tcs: DIMMM-YYYY (G.3, 01-D*-2018), b Raf!6 to .n officrr with . Fnk equivalent to .t l..st H..d of thG .t ncy/PrsldGnt/Chl.f Ex.cutlv. Officsr/Chicf Opcr.tlOfflccrrhicf Financc Oflcerrhbf Trasury Oflccr; othcmi*, hc/shc must bG duly authorired by the Board of Dir.ctors or any ofth. for.toin&/.pprop.l.ta.ppbvint.uthority or its equivalcnt. ofApplicable Fee (ln Pesos): fOD Form 03-001-04 * Version 0 * Updated _2019 Page 1 of 2

ANNEX D.2.8 (Pursuant to Circular No. 1030 dated 5 Feb 2019) SUB.TOTAL ffimffi''.:Tffi SUB-TOTAL TOTAT b E.g., Capital expenditures, civil works, purchase of raw materials, refinancing of existing obligations (indicate if PHP or FX), for relending, payment for services 'Disbursement applies in the case of relending. d Converted at BSP reference rate as of end-month indicated 'Those payable to Philippine residents ' Indicate sub-total and total per currency 3 Those payable to non-residents IOD Form 03-001-04 * Version 0 * Updated _2019 Page2 ol 2

FORM SI.2 ANNEX E.1 {s.n.ndd bycircul.rNor.742 d.t!d 21 Nov201l,79d&d 18 Apr2013,99 d.t.d 22 Ec 2ol7.nd 10il d.t d 5 F.b m19) Submission/Dea Five (5) banking days after end of rcference month to Intemational Op€rations Department at email address: [email protected] 8Ail6TO S€iITRAL T{G PIUPI]IAS INTERI{ATIOT{AT OPERATIOI{S D€PARTMENT R€FORT OT{ SHONT.TERM FOREIG'{ BORRolA'INGt' Fd the Mdth of _ lln Oritlnal Curr€ncy ofthe Loanl il.mc of Eqrowr fRAXSACf'ONS FOR fHE MONf P.Wnl l.l.na5 n $!c End ot Monlh TyF of Outstardi4 ldn Orl3ln.l Transcllon Dlsbuemnv lnnrr{lo lr*cr.d Anont Fer/Costs c'cdltor Balrne Rolloetr Outst ndhtt Lon No. cr.ditb CurrNy Drt.' Atallrent Fx Ss.a' Rata (mr ot omdlcd Dc Data' D.larca (ln X p...) Prl.dp.f lntcrart Typct A'|Bnl anditl Prepa.ed bv Cedified True and Cor.ect Signature ovel Signature over Printed Name ofAuthorized officer Position: Position Tel No.: Fax No. Tel No.: Far No.: Email Address Email Address: ! tor hili Fft.dttrb er obhd ftt rn' e.pFqirdrE64 r f.Mrnrdi4h*oiiqEiFehurnMhrlRkldt,nr|lld.I bi*rMnr|dfrhirY lhdhprdFvn4ad.didF|'|'.d.dk't*h|A'd[qdud!i!(d4dhYd!fh*clMsf.eor6*fnbir:0'R!'|idFedr@ns'M3f@(4'ddfg|t)EDU|EN.|Gi tsd..ddbnartGtury oots^/bffo*!44itlHrNdroiftqt d:d.brdM4osDriftd!dLn!Gdn6ffi@dd) I hddbrrts dhr (|) qr @nniNfr iq (rt rer: {q rq |G) Gfr srniE rq td) FR bkrd tur tlt Fr dEeld 14 o uror ftwd|4 n4 oi td d* ds (dde r-rvt

EiEEi:? gi eE E= ' i' ' l. n iC iiF€ E =*t E; i ;- i iE €i ; gi; ;€ gp i piili ti t E E F g iiiiiErritieri; i€g E,F f Eitlt iF€:i gE; s:" i* ;cis:iFiEe :Ei EF E; pE EEIiAIEE;€ .;Ei Ei il€ ;f 9iE€'i ii;l Ei=:'u;iiii;E I?:i Et EE E;ti;:E!;CEE Eit ! i ;; i e E i,lgi ; i sa e; iE : F; E E Eg , ; E E € EE ++ i€ ;! E ei : i ii E : i E t EE E g iE i: Pi E ii € i* € c i t i i ; i: EE fE i qr 5 i f C i [. i , i *E E ; t"E :E E EE ;E := i; i 9l I * e i EH i : $ E ; ;€ E e =e 13 F g E ;E E E i* i i EE g f Ei Ei FE E 3; E i ; ii E E Ei H F Ei i g E€ EE [g 3 HE

FORM 2 AI{NEX E.2 (a.mcndcd byctrcul.rNor.742 d.t.d 21 nov 2011,79 d.t d rEApr 613, g datcd 22 De 2017.nd tosd.tcd 5 F.b 20191 submission/D.adlinr: Fiv. (5) banking d.ys .ftcr cnd of rcfcrcnce month to Inte.n.tional OpcEtions Drp.rtm.nt at rmail add..5s: iod@bsp,8ov.Ph BANGKO SCIYTRAI. NG PIUPIJ{AS INTERNATIOl{At OPERANONS OEPARTMEilT REFORT ON MEDIUM AND TOI{G.TERM FOREIGN EORROWINGSI For the Month of Name of Borrowcr fnANsAcrtoils Fon rHE MoNfH galancCs at$E End o? Mons Outstrndlni Lo.n Ealrncc, DlsbuEmcnvAvallmcnt Payment lln ortrlnrl ain ndl Debt Scdnnlnt of Month Transctlon uronh Account Cr.dltor (ln Orlilnrl Cuncncyl Amount Fcr/Costs Datr' cuncncy ot Tranrcdon Currenc of Orltln.l Commltmcnt' Outstandlnf Loan ilo. lDAill Amount fX Soure' Orltln.l OlrbuGmcnt Du€ DatG' Rrpay'nent Curcncy (nrt of enc.lled 8.hne Arnount Prlndp.f lnter$t Typc' Amount Prepared by: Certificd True and Corcct: Signature over Pdhted Name Sitnatqc over Printed Name ofAuthori:.d Offic.r Position: Position: Tel No.: Fax No. Tel No.: Fax No.: Email Address: Em.il Addressl I errdr nFdBdhntiroBdhid wqdrtult rprl{v(tui4 3drbtururdi4turq hir &h+rr|dDr(B Mnrrl,u.ddd. rdi6h thiedbBFdriboq.rbrurdr dffir/6 qD/p/ rd|t|flrr rtrh r bm dDr er Dr (1t tsD ' @ rh. hrb*t r'.Br t'.de: DFMMd-w (..., o1edlr. ! r'dk& .'m .f.sf.r Frmh:r, rtd.d td.d: l,l M!::ttdrd 3d hib ld td by &rhd6t lbl Msc s 6M j kl ixr r4t; (d) our Fdtn h6 LFh uit - .m tii* ld.utrsd 6m M&/ut 1r'tr 4 h.., B {dn4tlr l.t F@u ou - ituEi Fex d Rtun cd @B (n oB tu c!d; L) rHP oB,4r qNerj ht o: qFbrud hbd: t0 r! ft retui rFd beGdr i.ffir Edrdl ^w, ^&/e ^/c, 'rdirnrdb,l,tq,*tudtujGte*+Bhrktcr,FhrdirtitFrE,tu{di.jht*d,DrBndr..r0ueu'indBr..r{t ,@,d{tpred!&) ' cancelled amounl ot on s9!!!9lb!!9d49: IOD Fo.m No. 04{03{1 'Ve.sion 7' UDd.ted 2019

I. GENERATINSTRUCTIONS il. SPECTFIC |NSTRUCf|ONS h.h eE., {fi.ttr w h lsP rPEruq'Bht.n * ior, !h.r b. 4|tny Ep'r.d r nridr oFrrifr o.prhdr lroot *id'in nv. {rt b.nhUdrys:lisdx.ndof .rdrd.mn. n{.!llh..bllFton..E tbtldaltllro*t.nd polky tdnulrrion. qdnd *fthd rn* $r raEhl/qitut h.notunh hdot d h th. m-tnlvnNdi 2, For hn r ,rFrtt or roE obrri.d wtdF4 r'ror tsP .rrffvr.ddndo knd). 2. ('ro|ror- rf.* b nn. of rh.: (rthnds (r*k Blj hih. o* or r rd '$hnr.6.B{u lblr.v.Verrlhr(rrhr.ttfiomundrdr..r.de.ymtm.m.dj{.1h,yrfor4n:dr*Bl;rndldl 3. oen.tl tni 8.r.i.. (tnd o. Monrh, drunn rh.rrb. nrhd 4rftr |frbndr't obrirdoni rh.rns * d rh.E n indsorbdq/ieils,pk rindkrt'rd4r{d*.rdd' hn*i.'tr tu fi. 4n nddl srw . mnrh, rk * rndb,xo Bxs cror9 rld {bmrtdf,rrdttorh.BsP, ndi! d unp:n F.indprl I or bq|i.|ntoldEEpodi.F?iod .. bd* !h.r b. rrded h dl d h rmrnr .umn ,y 4 nt4f,d b..d d .mth- .um.y, 1.3.. rdr mmrii.c In rrs .uir .'ld dr.bun d In Y.il, rh. dd'..r. e 6.d ibr a. r.de|olnr.En +?ifErd pu@s. S.Ir^||' CIrOI r! - d* oarh. tu.ioB lmil'.d * dzsdffil; rnd FF t. shdld ihn b. :dju.llari b rnn...6.i3 prdrocdy nrdt d, ni an*v.dFr.d .mu.t rh.rr h. Indrdd h $. t .r/dbl ror dx mdh rh.i di.rnir.loi w nrd. mrim!'lq errn.d d r.ydd! wfih r ''" lti rnd rh. Fbul|y @tud ibrd rMnt f'$ r a'lio to. dy r*riB.t.hrnF/ldjund. rh. slldid ro. *h .djurh.tu *ould b. indi.rr.d hv. ft..* h 6. orrEtraY-o'q c.d ro.ih. hirdion 7. D6.ui$rs{r/^vauExr - b ., rh. nFrt fi.n b. €dir.d."d ltn d !r...ud,rr!.d 614.rfti or krtd in th! iF @id.d. [email protected] tu Fitr.iFl, intEt.nd r!.t/d trEuld !. n.d. b.rd on ii th.k n rRtrd lrid.n.ndm.ft rhe, irrny) 9. FX SOURCE - source of payments of principal, inter€st and fees/costs l0.PRlNClPAt -amountpaidforprincipaldueontheloan;inthecaseofasyndicatedloanwherearesidentbank is part of the syndication, amounts reported shall include the entire amount due under the loan, including the portion payable to the resident bank 11. INTER€SI - amount paid for interest due on the loan; in the case of a syndicated loan where a resident bank is part of the syndication, amounts reported shall include the entire amount due under the loan, including the portion payable to the resident bank 12. FEES/COSIS - amount paid to cover fees/costs related to the borrowing; in the case of a syndicated loan where a resident bank is part of the syndication, amounts reported shall include the entire amount due under the loan, including the portion payable to the resident bank 13. UNDRAWN COMMITMENT - total committed amount less drawdowns/availments and encellations, if any 14. OUTSIANDING LOAN BALANCE, END OF MONTH - amount of outstanding and unpaid principal as of end of the reporting period which is equal to the outstanding loan balance beggining of month plus drawdown/availment less principal repayment for the month IOD Form No. 04403-01 r Version 7 r UDdated 2Ol9

ANNEX E.3 (Pursuant to Circular Nos. 794 dated 18 Apr 2013 and 818 dated 06 Nov 2013, and as amended by Circular Nos. 984 dated 22Dec20L7 and 1030 dated 5 Feb 2019) BANEKO SENTRAL NO PILIPINAS International Operations Department r.GsmAlnFonl|Afiof l0mrc. :.:.:, r r.:,=r:-' Name PSIC" and/or Nature of Business (as applicable) Postal Address Zip Code: Government Registration (for private sector) lssuing agency/ies (e.9., SEC, DTl, BOl, PEZA) Registration Number/s and Date/s Website Name of Authorized Representative/s Designation/s Telephone Number/s Fax Number/s Email Address/es Current Principal Officers/Board of Directors and Ownership Structure (attoch os seporote sheet) Outstanding Foreign/Foreign Currency Loans/Borrowings (ln US$) as of date of this application (if any) other than the loan/borrowing covered by this application/notice: TOTAL : (a) Short-term : (b) Medium- and Long-term Offshore sources : Offshore sources Onshore sources : Onshore sources : Exchange rate assumption : H@ITOR/i= :, ..-::.= :::..-:.:.::.:::.=.-,,.=.=- Name (Lead creditor in case of syndicated loans) Creditor Type" Nature of Business Postal Address Website Head Office Address, if creditor is branch/su bsidiary Name of Authorized Representative/s Designation/s Telephone Number/s Fax Number/s Email Address/es Relationship to Borrower/lssuer (if any)" 6UAnAJ{TOnls I tr Residentr tr Non-residentt Name Nature of Business Postal Address Website Percentage of Loan Guaranteed .Cll*E[l.t{@MATiSt., .,r i : ::': I r, :,= -= DateofsubmissionofForeignBorrowin8sP|an: Legal basis for borrowings of the public sector [Cite specific law/s and section(s]/provision(s] of lawl a. Foreign Borrowing : b. Borrower's foreign borrowing ceilingt, if any, and status as of date of application : more spoce is needed, use o seporote sheet of poper following the some formot) All fields should be properly filled out; indicate N/A for fields that are not applicable. Use the following format for dates: DD-MMM-YYYY (e.9., 01Jan-2018) Notice for: (i) initial reporting of loans that are not registered with the 85P; (ii) change/s in the loan's financial terms and conditions; or (iii) for the cancellation partial or in full) of the loan/commitment/atreement. Philippine Standard Industry Classifi cation Code E.8., Banks and Financial Institutions, Foreign Supplier, Multilateral Institution, Bilateral Institution Parent Company, Affiliate, Subsidiary, Shareholder As defined in the Manual of Regulations on Foreign Exchange Transactions (FX Manual), as amended Refer to as may be provided under relevant laws, regulations, etc, IOD Form 03-001-03r Version 1 * Updated 20L9 Page 1 of 4

ANNEX E.3 (Pursuant to Circular Nos. 794 dated 18 Apr 2013 and 818 dated 06 Nov 2013, and as amended by Circular Nos. 984 dated 22 Dec 2OL7 and 1030 dated 5 Feb 2019) 1. Prolect/Program Name or Purpose : 2. Project Site 3. Brief Description 4. lmplementlry Atency/ies and/or End-User/s (as applicablel Postal Address : Name of Authorized Representative/s : Designation/s Telephone Number/s Fax NumberA EmailAddress/es 5. Prolect lmplementation Period From: To: (Specify/describe phases, if any) 6. Economic and financial benefits of the project/purpose and justification for financing scheme chosen: 7. Proiect Cost (US$ flD) Description Local Costs" Foreign Costso Total TOTAL Exchange Rate Assumptions 8. Sources of Funds in US$ 000 (per investor/creditor) Investor/Creditor Amount Percent to Total Equity Local Foreign Sub-total Borrowings Peso Borrowings Foreign Borrowings Onshore borrowings in foreign currency Sub-total Internally Generated Funds Sub-total TOTAT Exchange Rate Assumptions more space is needed, use o separdte sheet of poper following the sdme formot) Payable to residents Payable to non-residents IOD Form 03-0O1-O3r Version 1 r Updated 2019 Pagezof 4

ANNEX E.3 (Pursuant to Circular Nos. 794 dated 18 Apr 2013 and 818 dated 05 Nov 2013, and as amended by Circular Nos. 984 dated 22 Dec 2ol7 and 1030 dated 5 Feb 2019) Please indicate relevant Sections/pages of the Loan Document/s where the financial terms are found (DAl{}' : Account l{umber .!f,ffi$foitra90* : : : ; i;i@14 ; i Fi a v se ; e ; Currency of Commitment (Oritinal Currency) Original Amount Committed (ln Original Currency) Signing Date ofthe Loan Document Currency of Disbursement/Availment Currency of Repayment Closing Date (bst Date lor Disbursement) or Actual^arget lssue Date (for bonds/notes) lSlN No. (for Bonds) except for private placement Participants in Syndicated Loans/Borrowings, if any Name of Creditor Countru of Residence ln Percent Amount (in Orir. Currencv) Additional information (as aoolicable) for: A. Public Sector: Final Approval (in Orisinal Currencvl Cancelled Comitment Amount, if any B. Private Sector: Aoolications for reqistration (in Orisinal Currencv) Cancelled Commitment Amount, if any Outstanding Balance (as of <qg:!{!{!{:100ry>) more spoce is needed, use o seporute sheet of poper following the same Jomot) ,'r:,):i'r/ru Maturityfienor (No. of years and months) Grace Period (No. ofyears and months) First Principal Payment Date Final Principal Payment Oate Frequencyb of Payment f,le f$f .t ' Interest/Coupon Rate (per annum) ! rtxed (tn r) ! rloating Base Ratec Applicable Base Rate : Spread (ln %) (ln % as of date of application) Frequencyb of Payment Interest Resetting/Repricing Termso : Penalty/Oefault Rate (ln % per annum): Fees/Costs Type of FeelCost' Rate (ln %l/Amount (ln oririnal currencvl Frequency' of Payment rtffi8rffiB ! Derivatives' /Hedging Transactions Typet Notional Amount Tenor Frequencyb/settlement dates Name/s of Counterparty/ies Address ! Others CI fifll#fi ffi|'l= ,;: Security/Collateral Terms Others For loans already approved bylreported to the BSP prior to application Frequency may be: annual, semi-annual, quarterly, monthly, or others (please specifyl. Indicate type of rate (e.9., 6-mos. UBOR) Indicate resetting/repricing terms, if any (e.9., frequency or dates of scheduled change/s in interest rate, step-up rate) Indicate type offee/cost: (al COM: commitment fee; (b) AGN: agencl fee; (c) GRT: guarantee fee; (dl FRE: front-end fee; (e) MGT: management fee; (f) UND: underwriting fee; or (g) OTH: others (please specify) Indicate availments/amendments/cancellations Use the following codes: Fw - deliverable FX forwards, Sw - FX swaps, NDF - non-deliverable Fx forwards, NDS - non-deliverable FX swaps CCS - cross-currency swaps, IRS - interest rate swaps, OTH - others (please specify) more spoce is needed, use o seoorcte sheet IOD Form O3-OO1-03'Verslon 1 ' Updated _2019 Page 3 of4

ANI{EX E.3 (Pursuant to Circular Nos. 794 dated 18 Apr 2013 and 818 dated 06 Nov 2013, and as amended by Circular Nos.984 dated 22Oec2OI7 and 1030 dated 5 Feb 2019) imrrv.ro*nmomeitiqmii e issr irbru'm mprsortourss !!{sli "j,t. , lr GfuGelnqrtclbrq.ncc ,, , spd$ii; .'iit* i#:' tM# , rffixnd " "'"!-., t .". ....&utrtrQnrna,rl"Frnq|!.m-, : r :FcqlCc*l : ..:;- : qry9lqd t. st! $ : i|iii1ilr: it U ii $.i- 1 t ":. l ryFl l {|lsw ssd : : *;; irr tm lcual Trensaalons As of Dete of to.n ADolicatbn TY,. I ::::-;i;;;#1,,,::\ trolccted Tr.ns.dbns fforthr rern ininr Ete of tlE lo.n/bonqrfrrd 'All f€Hs should b. pEFrt fill.d outj Indl.ate N/A for fields th.t are mt |ppll6bl.. Us. the follo*lnA lormat lor d.t t: OO-MMM-YYIry 1..!., 01-J.n-20l8l ! hcludins l@n pegayrents or bondtnot€s EdemptioN r For dlsbuemd s md p.yrents.lc.dv efie.ted - of.pplrotron wnh !6t, Indr@te tdnectron dat 'lndict $udot p.yfenEto k) cl: c:dr:lred InteEst; (h) oIH: oth€E (pl.-. rp.cry, ..s., debr b equnv .o.E6lon; d.bt Mp, etc.) (f not w@ En.@,e a ewoteshetoJItp{ hlbcthothe s@ Iomotl IOD Form 03-001-03* Version 1 | Updated _2019

ANNEX F (As amended by Circular Nos. 742 dated 21 Nov 2011 and 1030 dated 5 Feb 2019) Reserved

ANNEX G (As amended by Circular No. 1030 dated 5 Feb 2019) Oeadllne: Fifteen {15) banking d.ys f.om end of.efe.ene quafter Submlssion: Soft copyto IOD at [email protected] Report Category: I BANGKO SENTRAI NG PITIP!]IIAS REPORT Oil GUARANTEEST During the Quarter Ending (MMM-CCYYI Part A: Guarantees lssued by Resident Eanks and llon-Bank Flnanclal lmtltutlons wlth Quasl-Eanklng Functlons In Fayor of Non-residems Pait B: Fo]eitn Guarantces Sccudnt loan3 f]om R6idcnt Eenks and llon-Bank Flnanclal lr6tltutloF wlth Quasl-Banklq Functlons Covcnng Guanntce/SLC 9FWrngs Ldn Covarcd by GuaEntcc Domestic Foreign lssuing Against the Remittance Made SLC No./ Expiry Bortower lnstitution Amount Committ.d Outstanding Gua E ntee/SLC Date lsu"d Dat. Typ. ' Amount Amount Datc Amount Date Amount Purmg2 Prepared by: Certified True and Correct: SiSnature over Printed Name Signature over Printed Name ofAuthorized Officel Position; Department: Position: Department:_ Tel No,: Fax No.: Tel No.: Fax No.: EmailAddress: Email Address: Address: Address: 1 Resident banks (including public sector banks) and non-bank financial institutions with quasi-banking functions 2 Indicate nature of fees, e.g., guarantee fee, commission, among others 3 Indicate type of loan granted, e.g., foreign currency loan, regular peso loan, among others For initial reportin& it is understood that this is submitted by reportint bank to BSP before any payment under the guarantee is made using FX resources of the banking system.

ANNEX H (Pursuant to Circular No. 1030 dated 5 Feb 2019) Deadline: Five (5) banking days from end of reference ouarter Submission: E-mailtolnternationalOperationsDepartment at [email protected] Report Category: B BAI{GKO SEIITRAI NG PILIPIIIAS Report on Other Guarantees and Similar Arrangements' For the _ Quarter of Reporting Entity: Typeb: 8SP Party to Guarantor Amount Guaranteed Registration Date lssued Expiry Date 6uarante€ Residenqf (ln Oritinal Cunencyl Agreement No. Oate Name ResidencvD Outstanding Balance of loan/ Obligation (ln Original Currency) PaymenB to Non-Resident 6uarantor/Creditor ' Refers to guamntees or similar arrangements which may Sive rise to actual foreign obligations to non-residents and not falling under s€ctions 30.1 to 30.3 ofthe Manual of ReSulations on Certified True and Correct: Fo.ei8n Exchange Transactions, as amended. Use the following format fot dates: DD-MMM-Y:YYry (e.9., 01-Dec-2018) b Use the following codes: RES - Resident NRES - Non-Resident signature over Printed Name of Authorized officer " For guarantees coverinS Pes loahs, indi€te dollar equivalent of drawings Position: DeDartment: made against the guarantee. Tel No.: Fax No.: d Email Address: Use the following codes: F - Fo. Buarantee fees Address: P - For payment of principal under call on Suarantee I For payment of interest under @ll on guarantee

ANIIEX I (As amended by Circular No. 1030 dated 5 Feb 2019) Deadline: On or before September 30 of every year Submission: Hard copy to International Operations Department Room 301, s-Storey Building Bangko Sentral ng Pilipinas Complex Malate, Manila BANGKO SENTRAT NG PITIPINAS REPORT ON 8OT/OTHER StM[-AR FTNANCTNG SCHEMES * REPORTING ENTITY: PARTA: PROJECTED FUNDING REqUIREMENTS FOR BOT/OTHER SlMlLAR FINANCING SCHEMES v (1" O.iS'r.l C"""".y) BSP Reference No. Project Contractor/Project Compa ny BSP MB Approval/Notation Contract Date Cooperation Period (lndicate start and end) PROJECTED AMOUNT OF FEES rrrq 2/ o1 Q2 o3 Q4 TOTAT A. VanaDte B. Fixed TOTAL * Use the following format for dates: DO-MMM-YYW (e.9., 01-Dec-2018) Prepared by: 1/ Include fees payable in Philippine Pesos 2/ ldentify each type offee under each category, e.g. start-up, capacity, service, energy infrastracture, O & M, as well as assumptions used. lf a fee is payable in more than one (1) currency, break amounts payable in currency Signature over Printed Name of Authori2ed Officer t/ show totals by currency Position Department: Tel No.: Fax No.: Email Address: Address: Page 1 of 2

ANNEX I {As amended by Circular No.1030 dated 5 Feb 2019} Deadline: Within 10 banking days from end of reference month Submission: Hard copy to International Operations Department Room 301, 5-Storey Building Bangko Sentral ng Pilipinas Complex Malate, Manila BANGKO SENTRAT NG PII-IPINAS REPORT ON BOT/OTHER SrMil,AR F|NANC|NG SCHEMES " REFORTING ENTIW: PART B: REPORT ON PAYMENTS UNDER BOT/OTHER SlMll-AR FINANCING SCHEMES r/ fOR THE MONTH OF (ln Oritinal Currencyl PAYMENI 8SP Contract Ellllng Type ot Fee Reference t{o. Cont.actor/Prolect ComoanY Dete Cun - I Use the following format for dates: DD-MMM-YYYY {e.9., O1-Dec-2018) 1/ Include fees payable in Philippine Pesos 2/ Use the following codes for source of payments in foreign exchange: PBS - Philippine Banking System FCD - WithdEwals from FDC Accounts OTH - Obtained from Other Sources (Please specify source in footnote) Certified Correct: Signature over Printed Name of Authorized Officer Position: _Department: Fax No.: Email Address: Ad rdress:

AI{NEX J P.I. 1 of 5 (tu amended by Circular No. 1030 datcd 5 F.b 2019) Deadline: 15 banking days after end of reference month submission: EmailtolnternationalOperationsDepartm€nt For Authorized Agent Banks: [email protected] For all other reporting entities: [email protected] Report Category: A-2 BANGI(O SENTRAT NG PITIPINAS REPORT ON PHITIPPINE DEBT PAPERS. For the Month of MMM-CCYY Reporting Entity : category'r: Part | - Philippine Debt Securities/Papers lssued Abroad and Held by Philippine Residents"r Deot PaDCf lnt r6tRfla Ttat3edql B.3C nrrE Etadn t./ (brv.rl.il! Orttnd A||!dmt Rarld€nt tsruct bs|!Oe Rnd M.ur|ttrtm F|NI Eoot Codc' lvocr nmtmf cod.' Datlt lF.6v.hn hJ ki! Prepar€d by: Certified True and Cor*t: Signature over Printed Name Signature over Printed Name ofAutho.ized Ofiicer Position: Department: Position: Oepaltment: Tel No.: Fax No.: Tel No.: Email Address: Email Address: Address: Address: (lnstructions at the back) For all dates, please use the format DD-MMM-CCYY (e.9., 01-Dec-2018) " Please use the following codes: MB AABS FCDU TRBK Trust department of banks TRCR TrustcorDorations INSU Insurance companies NBqB NBQES OTHR Other resident cntitirs r*' For investments made through trust departments/trust corporations, the reports shall be submitted by said institutions

AI{NEX J (As amendcd by Circular No. 1030 dated 5 Feb 2019) lnstructions Column Description I hternatlonal s€curities ldentifidtion Number{lslN) Should be 12chardcteE in..@rdance with lSlN convendon; rhould reconcil€ witn Bbomb€ryd.b, if.v.il.ble 'Boot Code Alplies only if Eportint enrty it a banr. Pbas€ use tne iottowtng coder: tBU for ReguEr book! FCDU for FCOU books TRBI( for Trust de.artnEnt of b.nks i InteEst R.te - Type t.dtcate 'F- for FLed or "v' for Ftoatingy'y.riabte inteEst Bte ' hter€st nate - Fird ReteApread f.r Fircd lnte.en rats tndlcate interest rate in percenr per annum For V.dable inteEst rate: lndlcate the Sprcad/Margin ov€r Base Rate in perc€nt per annum ! Inter€st Rat€ - Bas€ nate hdicat€ pEper bae Ete (ttBOR, strcn, amohr others) ' TEnecdon Code Ui€ on€ (1) line for e.ch tEnsdion: 6GGB Outstandlng balance as of beginning of Eport fionth AQUI Acqulred/Purchased durlnS the repon monrh DISP DislosedAold durlne ihe.eport month Eil DB Outsttnding b.lane .s of end of report mndl ' Transaction Date Must be . banklng day and not later tian end of report month indiBte end of repon month it ttirn!.ction <ode is ENDB I OrigiEl Currenry Pleas€ usecuffeftylick€rcodes (e,g., USD, PHP) in the BSP'S Refere..e Erch.nge R.te Bultetin

allilEx P.t€ 3 ofs' {A5.mcndcd by Clrcll.r l{o. 1030 d.ted 5 F.b 2019] D!.dllnc: 15 b.nkint daye.ft!r lnd of rofcronc. month Submlssion: Email to Intemationrl Oprntions Dqpartmant For Autho.iz.d Atlnt B.nks: [email protected],ph For all othrr cportini rntitics: [email protected] Roport C.t4ory: A-2 BANGTO SENTRAL IiIG PIUPINAS REPORT O'{ PHIUPPINE DEBT PAPERt' Forth. Month of MMMCYY Reponin3 Entity': Part ll - Philippine Debt Securities/Papers lssued Onshore and Held by Non-Residents lffilmrnor OcttP.os fffranBt La Tril*lbe co$trvdDoo|k[. Co$trtd !!a tata (ncdd.trt/ HodOfi6 ftEalhdltf llD. oa e.drtry' &.vi*L olldo{ Anolnt l|hria t\rol filib.rdrYl il|moft$ffi lrsD.le r3rt' lm' c&' o*t AqU*cE.h PGp.rcd by: Ccnlfl.d True and Corre€t: Sitn.tu.. ovcr Printed Name SitnatuE ov6r Print.d Nam. ofAuthoriz.d Officor Posltion: Department: Poiition: Dqpa.tmant: Tel No.: Fax. No.: Tcl No.: _Fil No.: Em.ilMdE$: Em.il Address: Add.6: (lnstructions.t the b.ck) .Reportin3bik59ha||rn5urthatinfomationEportedtotheBan3ko5rntElntPi|ipina3.EcwGEdby|nAuthorityDi$|os!|n 'To ba Gport.d by AAgs.s w.llas Gsidcnt brcke6/dealeE involved in the.cquirition/disposition of Gurities and/or holdin3 thc suriticr in bch.lf of thc non-Gsid.nt inEstor Foralldates, pl..$ us thc iomat DO-MMM{CYrf (€.t.,01-Ds-2018)

egllt4! p.$riltion r Tvo€ of Non-Esident lMstor lndlcate natur€ of no.-.sident iNestor: 1 Multllat€ral/lnt€rnational Financial In3titution {e.&, Asi.n D*lopnent B.nl( Wond Sanlc Intematlonal Finance Corpo6tion) 2 Bllateral InstlMion - Official bilrteEl inititutions i.duding gowmments .nd th€ir agencl$ {l.crudl.g Cent|al Sank), autonomous public bodi€s or oficia- expo.t crdit age.cles (e.9., Japan Intenatlonal c.op€Etion a8€ncy, Erpoftlmport Bant of Koe.) 3 Eant Non-bank Flnanclal hstitution 'a 5 Supplier/Expdter z 5 Ohers le.s., Individu.l) : Int€rnational S€curnles ldentmcatlon l,lumber {rSlN) should b€ 12 ch.r.cl€rs In accordance wlth lSlN conv€ntio.; should c@ndle with lloombe.s dat., if available Typeofsecudty I So.d/Note 2 Treasu.y Bill 3 Conmercl.l Par€r/Money Madet hstrument t tnterest nate - lype Indlcat€ "F" for Fired or "V" for Flo.ting/V.ri.bte i.t€rest r.te 5 Interest iate - Fit€d Rate/Spread For Fked hterest rate Indlcat€ inter$t rate h pe@nt per .nnum For variable inteEn r.te: indiet! the sprcad/Maryln over 8as€ iate In p€rcent per annum 5 flate Interert Rate - Ease Indrcat€ proper bas€ lat. {U8O& sBOn, amons otheR} 'Transaction cod€ Us one {1|lin€ for €ach tBnsactlon: BEGA Out't..din3 b.lance as of beginning of rcport month AQUI Acquir€d/Punhas€d duins the rcport month DlsP Di3posedAold du ng the report month ENoB Outst ndlng balanc. as of €nd of repon month ! Trans.ction Date Mu5t be . b.nting d.y .nd not later than end of report month; Indlcate end of report month if transaction code i5 ENDB e OriSinal Cunency Pleas€ use cuiiency Ticker coder {e.s., Uso, PHP) in the BSP! Refercnce Exchange Rat€ Eulletln

ANNEXJ (As amended by Circular No. 1030 dated 5 Feb 2018) AUTHORIW TO DISCTOSE INFORMATION The undersigned, fname of investor or his dulv authorized representative. hereby authorizes [name of reporting bank] to disclose to the Bangko Sentral ng Pilipinas (BSP) any information that may be required by the BSP relative to any and all investments of [name of investor] that are held in custody/registered by the bank. In this regard, it is understood that these investments shall cover those existing as of date of the authority, as well as any subsequent investments of said investor. It is understood that data compiled by the BSP from such disclosure/reports/documents may be used in aggregated form only, for statistical and/or policy purposes and shall not be released in disaggregated form. I declare that: (i) | have read and fully understood the contents of this document; and (ii) this authority is given knowingly, willingly and voluntarily. Date Signature over Printed Name 1/ Executed by the investor for the authorized representative

ANNEX U (As introduced by Circular No. 1030 dated 5 Feb 2019) TEMPTATE OF NOTTCE TO THE BSP ON RESTDENTS', FORETGN EXCHANGE (FX) PURCHASES Date: dd-mmm-wwl Resident Investor: P|easebeadvisedthatbasedonourprojectionsforca|endaryear-andactua|FXpurchases and investments made as of we will exceed the USD60 million limit for FX purchases from authorized agent banks (AABs)/AAB forex corps for outward investments, as provided under Section 44 of the Manual of Regulations on Foreign Exchange Transactions (FX Manual), as amended, as follows: A. Actual FX purchases and investments made during the current calendar year (if any): FX Purchased Original Amount Date/s of Instrument2 Pu rchased/ Currency In Original ln Purchases lnvestments Made Remarks Currencv USD Equivalent3 Sub-total4 (A) B. Additional FX requirements for the remainder of the current calendar year: FX Purchased Original Amount Date/s of Instrument2 Pu rchased/ Currency In Original ln Purchases Investments Made Remarks Currency USD Equivalent3 Sub-total (B) C. Total FX purchases (actual and planned) for the calendar year: (in USD equivalent) Certified True and Correct: Signature over Printed Name of Authorized Officer of Investor Position: Department: Tel. No.: Fax No.: E-mail address: Address: 1 Please use the following format for all dates: dd-mmm-yyyy (e.g., 01-Dec-2018) 2 Please use the following codes: NR-DBT: Debt securities issued offshore by non-residents; NR-EQU: Equity securities issued offshore by non-residents; NR-DR: Depositary Receipts issued by non-residents; NR-MF: Offshore foreign currency-denominated mutual funds; NR-UITF: Offshore foreign currency-denominated Unit Investment Trust Funds; NR-INST: Foreign currency-denominated investment instruments issued onshore by non-residents; OTHERS: Please specify 3 Converted at the BSP reference rate at the time of actual FX purchase a Indicate sub-total per currency

AI{NEX V (As amended by Circular Nos. 698 dated 5 Nov 2010, 794 dated 18 Apr 2013, 925 dated 13 sep 2015 and 1030 dated 5 Feb 2019) Dcadline: Monthly, within five (5) banking days after end of referer BANGKO SENTRAL NG PITIPII{AS Submission: E-mailtolnternationalOpcrationsDepartment ON IIWESTMENTS BY RESIDEI{Ts REPORf, at [email protected] I5ALES OF FOREIGN €XCHAilGE lFxl 8Y AUIHOREED AGENT BANKS (AABsll ReportCategory: A-2 forthe month of , Year Reporting Banl: PART I. OUTWARD IT{VEsTMT]TTS 8Y RESIDEMIS A. FOR IT{VESTMENTS II{ VARIOUS II{sIRUM€NTSI n ddfrt lnnsid lN6tee/scIet Amdnt otfx Sold D.t ofFX Typc of tlo. ot Shans Drte of fX S.h Lrre of namlttare ftrvcstrmntt Purcha*d lirir/DD/Yvl EanVBnndrs l{am€ Addnri & Contact l{o. llam Type' Count|y Cumfty In odg. Curuncys In Equlval€nt U55 IMM/oo/wl 8. FOR II{TERCOMPANY TOANS TO NON-RESIDENT PARTIES REI.ATED TO RESIDENT CR€DITOR Resldelt Crcdfto. l{on-Resldcnt Bom. tran Amount Amount ot FX D.t. of Fx D.te ot Fx Sde Ramlttane nel.dd to In (,|{t. llnYeGl {MMIDD/w} l{am€ AddE$ & Cmtact llo. l{.mc Coutry Cuntncy ln Odt. Curcn.ys ln Equlv.hntuss IMM/Do/YYl 8ffi. cumcyt c. FoR RESTDEilTS OUTWARD TNVESTMEI{TS rN REAL PROPERTY, rr{CtUDtN6 CONDOMTNTUM UNrTs, AlrD THOSE FOn/UNDER COI{STRUCnON nraucnt Euyu SG$s Amdnt ot fX Sold Oab ot fx Prof€rty Drta otFI Sab Rcmlttare Dosalptlont In Orlg. Itr Equlvahil IMM/oD/rvl l{ame Addrc3s & Cmtact No. l{.mc Type' Country C|fficy IMM/DDAYI Cmancys us3 PART II. RESIDENT TO RESIDENT INVESTMINTS FX S. D.te of FX lnvestor ttrvetes/Sefl€r Data of fX SrL lN6tilentr llo, of Sftarc: mount RGmlttancc t{rme (MMIDO/YYI AddEss & Contact 1{o. Nam rype2 Country Cumnd ln Ork. CuEGnd' ln Equlvalent USS IMM/DD/YYI I Debtandequitysecurities,PhilippineDcpositaryReceiptsandExchanseTradedFunds,MutualFunds,UnitlnvestmentTrust Certified True and Correct: Funds 2 Pleaseindicateifinvcstee/sellerisanindividual,bank(BNK),otherfinancialinstitution(OFl),non-financialcorpo.ation(CPN),foreignbranch(BRlorother form of business organiration (which shall be specified). Signature over Printed Name of Authorized Officer 3 Please use the following: Position: Department NR-DBT - Debt securities issued offshore by non-residents Tel No/s.: Fax No/s.; NR-EQU - Equity sequrities issucd offshore by non-residents Email Address: NR-OR - Dcpositary Receipt5 issued by non-residents Address: NR-MF - Offshore foreign currency-denominated mutual funds Date: NR-UITF - Offshore foreign currency-denominated Unit Investment T.ust Funos NR-INST - Other investmcnt instruments issued offshore bv non-residents NR-ONFCYR - Investment instruments issued onshore by non-resldents requiring seftlement in foreign currency

oTHE6 - a.u r.dfi ; [ilfr!H]lH"'r*.'"rdt {A'.n6d.d bycBu|- n6.6$dn.d 5 d ro$,7e4 /n./ l!ap. rol',ersdd.d 1r s.p zol5.nd 1030 d*.r,s r.b 2o1r} I td Frrb dddt{'rbd 6 $ orb. /hnmhtr.r KDU rdstbrN.hn Frr,!.Fftd brfi E!.dtMd, iP-rro - hrr MH+n.hrnd k{Ie d ft Rryhrk ot {F |ri[FrE lirl brd.filid. ikPN - P.d.ffirnrd ed'/id DriD - hl..m4d.Ehtu bd{kr ddhr aiiFFiE mid.d.nntu ild orhrcn n4ri - Eei.'srmd r..dtdr cb!, qqi,inlld.nd FEqu - Equt sdrts' BEd by dd. 'ltndffiq rd.dor 4 ruk6 quhll d.dd ii kiai qnq fl-D .roE$.umqdi. *Fh ss ri a. s r rd $ &p drnv

ANNEX W {Pursuant to Circular No. 794 dated 18 Apr 2013, and as amended by Circular Nos. 818 dated 06 Nov 2013 ano 1030 dated 5 Feb 2019) /Y,- -/,-- z-t$rgl^\ /,o/\( -f\ \ \ 1.7 \s>\ I l7l!ftr.' I Baxoxo SENTRAL No PrLtprNAs tF\ !t\\ | \a\ r-. t \t\7- \,- \el'd!-/ APPTICATION FOR REGISTRATION OF FOREIGN INVESTMENTSA tl Registrationof new/additional investments: tr In Cash n tn Kind tr Other transactions involving issuance of BSRD: Type Number (in original currency) (in PHPI Shares applled/involved Amount of Inv$tment applied/lnvolved (Type of shares: common, preferred participatin&/non-participating) t. APPUCANT IDENTIFICATTON Contact Person Deslgnatlon IMr./Ms./Mrc.1 Emall address Contact No/s Fax No, Company/Office Complete Address lwlth zlp codel [il the opplicant is not the investor/investee, this shall be be suppotted by an outhority (lrom the investor/investee) to tronsoct in their behon A. II{VESTOR PROFITE lame of Firm/lndlvldual :omplete Address Includlng country) [ature of Business irebslte B. INVESTEE PROFILE [if the investee is the opptbont, proceed to ttem tt.] EUSrnest/Lorporate/ Irade Name Complete Address (wlth zlp code) Contact Person/ Contact l{o/s. Deslrnation Emall address Application form and any subsequent submission of supporting documents should be accompanied by a covering letter. All fields should be properly filled-out; indicate N/A for fields that are not applicable. Use the following format for dates: DD-MMM-yyyy (e.g., O1-Dec-2018) IOD Form No. 03-002-01 r Version 5 * Updated _ 2019

ANNEX W (Pursuant to Circulaf No. 794 dated 18 Apr 2013, and as amended by Circular Nos. 818 dated 06 Nov 2013 and 1030 dated 5 Feb 2019) II.INVESTMENT tr Corporation Securities and Exchange Commission (SEC) Registration Number: Date: Primary Purpose/lndustry Philippine Standard Industry Classification Code' Capital Structure No. of Shares Total Par Value Additional Paid-ln Capital Amount Percentage (@ PHP_pvlshare) (f shares X (if any) Paid Ownership Ilndicat. cldss oI sharesl pvlshare) Authorized Capital Stock Subscribed Filipino Foreign Held by the non-resident investor Of which, subject request Paid-up Filipino Foreign Held by the non-resident investor Of which, subject requesl fotal [Pl&se indicote number of nominee shores of the investor] tr Partnership SEC Registration No.: Amount of Contributed Capital (in PHP) Percent General Partner Filipino Foreign Limited Partner (as applicable) Filipino Foreign lotal tr Philipppine Branch/Representative Office/Regional Operating Headquarters/Regional Headquarters SEC License To Do Business No.: Amount of Total Assigned Capital/ Operating Working Capital: tr Condominium unit Name of Condominium: Location: Name of Developer/Realtor: Condominium Certificate of Title No.: Unit/s Number: (pleose include parking slots, if ony) tr Others (specify)': ' Available at http://nap.psa.gov.ph/activestats/psic/default.asp ' Refers to investments in instruments under Section 33.1.(cl, 33.3,b,(i), 33.3.d, 33.3,e.(i) and 35 not covered by the abovementioned investments. For investments in debr securities issued by residents under Section 33.3.b.(il, investment funds created onshore under Section 33.3.d, and PDR5 under Section 33.3.e.(i) fll out capital structure above ifthe non-resident investor has existing holdings in the investee firm (as applicable). IOD Form No. 03-002-01 t Version 5 | Updated _ 2019

ANNEX W (Pursuant to Circular No. 794 dated 18 Apr 2013, and as amended by Circular Nos. 818 dated 05 Nov 2013 and 1030 dated 5 Feb 2019) III. FUNDING DETAITS tr In Cash tl a. lnward Remittance of FX tr b. Constructive remittance of FX funding to resident deposit account 1. Details of remittance (clR), Telegraphic Transfer Amount Remitted Recelving Bank Remlttance Dat( Equlvalent US$ lf aDollcable Ref. No. (in original currensyl Number Date r FX rate used: 2. Details of peso conversion Cl& ff applicable Amount Converted conve6ion PHP Proc€eds ConYertint Bank C.onveFlon Deta Number Date (in Original Currencyl Rate (net of chargesl lf without conversion to PHP: Amount not converted lin orldnal curfencyl PHP equivalent Ex booklq rate The balance (total peso/Uss/other foreign currency proceeds less amount applied to the investment transaction, if any) in the amount of_ is recordedinthebook5oftheinvesteeas-(e.8.,Advances,Depositfor5tocksubscription} tr c. FX payments made offshore between non-residents for transfer of onshore investments Amount of FX paid (in original currency): Date paid : lf investment acquired is registered: lf investment acquired is not registered: ESRD number and date: Indicate funding details of initial investment <e,g', cosh, in kind> tr d. Peso balance of non-resident investo/s onshore peso deposit account and anterim peso deposat account Name of Depository Authorized Agent Bank: Amount utilized for the investment: Date of debit from the account: Source of funding for peso deposit (i.e., indicated in Section 3.1 of the FX Manual): fl e. Reinvestment of peso divestment/sales proceeds or related earnings of investment Amount for reinvestment: Date of reinvestment: lf originol investment is rcgistercd: lf originol investment is not registercd: BSRD number and date: Indicate funding details of original investment <e.9., cosh, in kind> tr f. Conversion of liability to investment Amount converted to investment (in original currency): PHP equivalent: Date of conversion: lf liobility is rcgistered: If liability is not rcgistered: BSRD number and date: Indicate funding details of liabillity <e.9.. cosh, in kind> tr g. Exercise of conversion rights [e.g., Philippine Depository Receipts (pDRsl] Underlying instrument (indicate units/amount): Date of exercise of right: lf registered: lf not registercd: BSRD number and date: Indicate funding details of initial investment <e,9,, cosh, in kind> IOD Form No. 03-002-01 t Version 5 * Updated _ 2019

ANNEX W (Pursuant to Circular No. 794 dated 18 Apr 2013, and as amended by Circular Nos. 818 dated 06 Nov 2013 and 1030 dated 5 Feb 2019) tr In Kind tr a. Heavy Equipment and Machinery/lnventories/Raw Materials/Supplies/Spare Parts/Furniture/Personal Properties/Motor Vehicle/Sea VesseUAircraft including other tangible assets from abroad Bureau of Customs (BOCI import entty lnvoice Slll of ladin&/Alrway blll declaration No. Date Amount No. Date l{o. Date Amount (Moy use seporcte shet /pog5 it rct sufrlcient) Date of full payment for investment: n b. Intangible assets Description of asset: Value of asset: PHP equivalent: Date of acquisition: ! c. Stock and/or property dividends accruing from onshore Investments Number of base/mother/original shares: Declaration/effectivity date (whichever is applicable) : If bose/mother/originol shares are registered: lf base/mother/originol shores ore not registered: ESRD number and date: Indicate funding details of initial investment <e.9., cosh, in kind> tr d. Shares (e.9., share swaps) Date of acquisition of new shares: Details of shares issued/transferred/swapped Original issuer of the underlying shares transferred/swapped: Number of shares: Value of shares: lf shares acquired are originally held by non-residents: lf registered: If not rcgistered: BSRD number and date: Indicate details of original investment <e,9,, cosh, in kind> tr Others <please provide details> For additional infotmotion, pleose use separcte sheet IV. DOCUMEI{TS SUBMITTED tr Proofoffunding tr Proof of investment IOD Form No. 03-002-01 * Version 6 * Updated _ 2019

ANNEXW (Pursuant to Circular No. 794 dated 18 Apr 2013, and as amended by Circular Nos. 818 dated 06 Nov 2013 and 1030 dated 5 Feb 20191 DEC|AnAnOil I hereby declare that: (i) the information stated herein/documents submitted are true, correct, complete and accurate; (ii) the investment funds came from legitimate sources; (iii) the parties complied/will comply with all applicable laws, rules and regulations; (iv) the supporting documents submitted electronically (if any) are genuine, credible and not tampered and thaL hardcopies of the original/photocopy (as the case may be) of supporting documents shall be made available upon request by BSP for verification; (v) other pertinent documents shall be made available upon request by the Bangko Sentral ng Pilipinas for verification; and (vi) any misrepresentation or concealment may render this application void and result in eventual cancellation ofthe Bangko Sentral Registration Document (BSRD), as warranted. Signature : Name : Designation : Date : Forr@af/rooD Reckoning Dated: Basis: Amount of Applicable Fee (ln Pesos): Payment Oate: d Ple.sc rcflrtoAppcndh 1O-A IOD Form No. 03-002-01 * Version 6 * Updated _ 2019

AN'{EX X (Pursuant to circular No. 794 dated 18 April 2013, and as amended by circular No. 1030 dated 5 Feb 20191 Deadlinei For FX selling banks: Two 12) benking days from date of sale of Fx For remitting banks: Two (2) banking days f rom date of .epatriation/remittance Submission: Hard copyto International Opention5 Department BANGI(O SENTRAL NG PIUPINAS Room 3o1, s-storey BuildinS 8an8ko Senthl nB Pilipinas Complex REPORT ON FOREIG]T II{VESTMENTS REGISTERED WITH TIIE BSPI/ Malate, Manila Date: Report CateSory: A-2 Reporting Bank: cAPrTAr REPATRTATTOil/S: Amount Remitted i Net Peso Sales Country of BSRD No lnveStee Investor Date of Divestment No. of Shares Solda/ Currenc.y Oateof Remittance (FDl, FPl, others)'?/ Prceedss/ In original Currency6/ In Equivalent USS DestinationT/ EARilINGS REMITTANCE/S: Amount Remitted Country of BSRD No. lnveste€ lnvestor Record Dates/ No. of Base Sharese/ Dividend Ratee/ teso Amount Remittable' Currency In Original Oate of Remittance (FDl, FPl, Others)'?/ DestinationT/ In Equivalent USS currencyt/ " Include in this report remittances on investments of Special Investo.'s Rrlident Vi5a holders/applicants coveEd bv BSRD5 with a "V" .fter the BSRD No. Othe. lnstructions: 2/ Forthe defnition of FDls o. FPl5, please rcfurto Section 33 ofthe FX Manu.l use MM-DO<CYY fo..ll date fields 3/ Date of Eeipt of divestment oa sles proceos Indicate pa3. number for every page used '/ For stock corpontion; in the case of non-stock entities, indicate g.oss .mountof sales/divestment proceeds in PHP Use standard countd codes 5/ Net oftax and charges 5/ Indicate whether self-funded z lfrcmitted to onshore account, ihdicate bank name where the funds were deposited. Certified True and correct: ry For earnings other than cash divid€nds, indicate reckoninS date for .eported ea.nings .emittance (e.t., end of fiscal year, <month>, <veap) e/ Referto cash dividends ariiing from investments in shares of stock For nonro.poEte entities, indicate amount ofcapital or principal forwhich interest and profits accrue. Signatu.e Over Printed Namc ofAuthoriz€d Officer Position: _Oepartment: Tel No.: Fax No.: Email Address Address:

{t0 6lR! zt zt .!, <t ; :q :B H.f !i ei E"i : E9 ! -E- 3 E; .: E! :.EE !t o E I Ef, fre- E OE ! o fi s E3 E Ei o 6z *x p.9 c d,r :n 2 ! n = gt- t o =gj E .E t i.5 g za 3E E o eE te o 3g si 8 g E9 5i? p t,E o'C I5 s o e ;3E*$ 4z 6i Ei Eg E:!: o gE ct ;;!E E g $_ t! Ajp" E; 3 E t I sl X * -E J ; iE : : =o ;6 6= ab *F 63 E I Js 8= Et i 5f ' o :: >t x- o c-o ! : c #-i xi c E3 o6 Ir :E E$ EE e> o if F6 €. -E ; gt 3Ei EaE iE E i, E ! EE =6 E E 33 EgE ib ,: ;P :s c .95Eo Fi E*: c ot o: t ;ii r E .E0 +T 6a i lar I a -;i *s €; E! t sEE E ^i = p os it2q 6 C i= i $ I 3 I* ti4 Ai^i :b c .s e = ; ss EE o 8-! E}EP 5 *d Eg o ! co I I t;g iE*t :E i ali€E? 5 H; € E F !" E;cFt: o $; f g FE :E Fi Ei ?E!€." :;?5:E r .s EI -.; j-c t ;E ie tE€!iE € 5 EE Ei fEg:I# i cE iE*iE igtrEi E .? 2 EgHEE..EElEE+ gEFEIX:EIE" r EE :i.:fiE:E€{€EE€ ;E9eo.E;',6*6 ; *,EIrrEEs*l*€p E IE €s=€El;€Eei€! fio"rtEErseciEi € s i I r s: E+ -Et€!€;EEiiiieiiE i ; ; c i { i € E a; tsi;5 i a I t*; EiEiEFe€e;!!: Atr5c-ilf;6gb^e -a! i, ! I 3 t : E E 5 ! € l € s E * f f8fE ;eP.E!9:;:b;bt;5! Fi oi g* F : E l E S sE g a s E i i a! t -s€ f ngs!;sEEftE!.eEE;-aH E 6e-eE E E.E.E t !F: .E9 t rE; [ig;$;qsCiE$i!l c5.t E S E t f €: e'$E Et !;: r i E =g€ !c o- I ei:_3 ! E tI ; !E #i.E;.eE.Hf s ai FE g E e8s i E r; > 3i ! H C z *;EEg€EIFEEEIE+Ei: ..Ex;E-ql;'.!EEE s : c i r d F a-E : -E: * + i E E i c 5'!tlfr i="1*IlijgiS *5E+4ee-:+*+!s,iEa !;s $*0 €to il3c o t c EE3! u F; a4* F a a F E i f; a a $;a ^3 E o c o €e c 5dE= *> si i b

ANNEX AB (As intrcduced by Circular No. 1o3o dated 5 Feb 2019) Dcrdline: 15 b.nkint days from th. .nd ol thr ref.Enc. qu.rtcr submission: E-mail to Intrmation.l opoEtions Deg.rtmrnt.t [email protected] Report Catqory: A-2 8AI{GKO S€"TRAT ITG PIUPI'{45 REPORT O'I OUTSTAI{OITG 8AI.AI{CES Of FOREIGI{ I]{VEsTM€I{TS REGISIEREO WiT}I AABS AS OF: RrpqtlnS Eank: S.nhl R.dddlm kum.nt IBSRDI InYcttq oatc lr3ucd iailc Contry codcr/ ln of Inrtrumcntr/ Innstmcnt Namcr/ Inwrtmcnt lDv tgilt/ ilo. ol Shans'/ Fxc Veloa'/ t ln PHPV .P|ea5eindicat€5tekcertmcatenumbCrforsh.r5without8sRD!(i'c.,inv€5tmcnt5acquiredPriortol'5M.rh1973}.Us.thrfo| 1/ LibEry ofcountry codes avail.ble from the "Report on InvestmenG Retistered with MBs" 2/ Ref..s to the followint: ?sE - Ps€list.d quity curiti.s isued by r.sidcnts und.r Seclion 33.3...(iil exclodifi FTTt PDRS PsE-tR - Non-r.sidcnl i$ued.quilyscurili.s (onshorc or offshorc) thal ar. li$cd.t an onshorc.rcha[€ und.r ktion 34.1 Pa 6 - Plsdenominel.d D.bt ecuritie. isu.d onsho.. by the ?lationel Gov..nm.nt .nd other public so. .htiti.s und.r ktion 33.2 ?e lD - P.$ tiD. dcpoit5 with .n .utho.iz.d {.nt b.nk with . m.turity of .l le.$ 90 days und.r S€dion 33.4 ?o|.PG9{enomin.t.dDCbtin$rumcnt5isucdonsho7.bypiv.te€olr.sid.nlsf'm5thet...notcoveledbYih.P PDI-ilR p.s dcnominet.d Dcbt innruments iscd onshor. by noFrcsid.nts th.t e.. li$.d .t .n ohshor. .rch.n8c undcr kion :!1.2.b EIF- Exch.t. Tr.dcd Funds i$ucd/crc.t.d onrho.. by.?id.nts und.. S.dion 33.3.c - Philippin. Depodtary Rec.ipts th.t ... lid.d at .n onshorc .x.ha(c under kion 33.3.c.(iil POR Um - P.sad.nominatld Unil Inydm.nt Trus Fund iss.d onshor. by ..ddcnt MF - P.sd.nomihat.d Mltual Fund isu.d onshorc bv a r.sidenl lm - hl.rim P.$ OeFsit 3/ For PDls in non-participating prefered sh.res not listed in an on3ho.. exchante, pleas€ ihdicate the comp.ny name/invcstee fim. OtheMise, lcave blank. 4/ lftyp€ of instrument is PSE, PSE-NR, ETF, POR or PSEIisted POI & PDI-NR, ref.r to the unique ticker/st@k symbol/slc lD of thc P5€. lf typ! ot instrumcnt is Peso G5, ch@ie one (1) ofthe followint: Fixed Rate Treasury Notes (FXTN), Retail Trcasury Bon& (RTB), Eenchm.rk 8ond5 (BMB) or Treasury Bil15 (TBIL). Othcruisr, lcavr blank. lf type of instrum.nt is TD, rcfer to thr timc dlposit ccrtificate numbcr issu.d by the bank. Otheilis., le.ve bl.nk. 6/ Erc.pt for GS, TD, UITF, MF and IPD 7/ Only fo. G5, UITF, Mf and PDI in bonds/note5; otheruire, leavc blank. 8/ Only fo. Peso TDs, lPDs and PDls coverint in5trument5 other than bonds/noter/non-p.rticipating prefe.Ed shaEs; otheMise, leav€ blank. Cenificd coffed: Sitnature over Prinled Name Sitnaturc ov.r Printed llame of Authorired Officel Position: _Oepanmcnt Poition: T.l No. Far No T€l No.: Fax No. Email Address: Em.il Add..s: Addr.s: Adrd.cs:

AI{NEX AC {Pursuantto Circuler No. 1030 d.ted 5 Fcb 2019) DaadlinG: withintuo (2) bankiq daysfrom rGtthmnvrctlalmlnance dde Submision: E{ail to Intcrnatlonal opcr.tlons Dcp.rthdt at [email protected] Rcportcrtctoryi A-2 BANGTO SEI{TRAL N6 PIUPINAS REPTORT ON IAITERIM P€SO DEPOSITS (IPDs) OF RE€I TEREO FOREIGN INVESTMEiITS (in absolute amountl For S€ttlem€nvActual nemlmnce Rcportlng Eank: wTt{oRAwAls REPAIRIATED,, BY REPORTITIG 8A'{I( TRAIISFERRED BEGINTIII{G nfth asnota{ wthout BtnDtAY ourstAt{ott{G BAtAtrc€ oEposrrSv TOTALV In Phll. Ps In u55 Equlvdcnt' lscd lscd AA[ANC€ FUI{O SOURCE lhl lel tdl lf, lcl h=lel+lb-cl AP]TAI PSE-list€d Ssurities: lssued by Philippine Residents I NOTE: Excluding ETF5 and PDRSI lssued bv Non-PhiliDDine Residents Oebt strurities that are lbted et an onshore exdrange: issued onshore by priwte s*tor residents firms that are not covered by the provisions of Part Three, Chapt€r I ofthe FX Manual itrrtad aarha;a hw h^h-ra.i/-Et< Government S€curities Peso Tlme DeDosits Taded Funds issued/created onshore bv residents Philiooine Deoositaru R*eiDts that are listed at an onshore exchanre Debt ssurities issued onshore by private sfftor residents firms that are not cov€red by the provisions of PartThree, chapter I ofthe FX Manual not llsted at an onshore erdrange (e.9., not6, bonds and non{.rtdp.dng pr€ierrcd shares} Peso-denominated Unit Investment Trust Fund issued onshor€ bv a resident PesGdenohinated Mutual Fuhd issued onshore bv a grb-Tot l 0.(x 0.(x 0.(x 0.(x o.ax 0.tx lARNIIIGS PS€{isted Ssurities: lssued by Philippine Residents I NOTE: €rcluding ETFS and PORSI lssued bv Non-PhiliDDine Residents Oebt strurities that are lbted at an onshore exdrante: issued onshore by private sector residents firms that are not covered by th€ provisions of Part Three, Chapter I ofthe FX Manual issued onshore by non-residents Government Ssurities Peso Time Deposits Frchanse Traded Funds issued/cr.at.d onshor. bv DeDositaru Reeiots that are listed at an onsho.e Debt ssurities issued onshore by private sector residents firms that are not covered by the prcvisions of Part Three, chapter I of the FX Manual not llsted at an onshore exdrange (e.9., notes, bonds and non-partldpadng p.eter..d sheresl P.so-dehominated tlhit lnvestmentTruet Fund issued onshore bv Peso-denominated Mutual Fund issued onshore bv a resident sub-Total 0.q 0.q 0.(x o.tx 0.(x 0.fi iilr6tota o.0( o.o( o.tr o.(x o.00 0.(t v Pertain to sales/maturity proceeds of registered portfolio investments and related earnings including amounts returned (used as collateral) a Pertain to total amount withdrawn for reinvestment, repatriation, etc., including amount used as collateral 3/ Pertain to total amount withdnwn for outward remittance a/ Pertains to amount transferred with Bangko Sentral Registration Document-Letter Authority (BSRD[A] issued by the reporting bank 5/ Pertains to amount transferred/deducted without BSRDLA issued by the reporting bank (e.g.,payment of p€so expenses by the non-resident investor, among others) ' Must be equal to the amount reported in the Report on Investments Registered with MBs

Ar{t{Ex At (A5 introduced by circular No. 1030 dated 5 Feb 2019) Dcadlinc: Monthly, within five (5) banking days after end of rrfcrcnce month. Submission: E-mail to International Operations Orpartment at [email protected] CateSory: A-2 BANGKO SENTRAL NG PITIPINAS REPORT ON FOREIGN DIRECT INVESTMENTS (FDls) REGISTERED WITH AUTHORIZED AGEI{T BANKS (AABs)v AS OF END-<MONTH> <YEAR> ReportinS Bank: INVESTOR INVESTEE FIRM OUTSTAITIDING BATAXCE ESRD INDUSTRY 2qx) Psrc TYPE OF NUMBER OF PESO AMOUTJT/ us5 NAME 2/ COUNTRY 3/ NUMBER./ ilAME 5/ ctAsstFtcATtoN 5/ CODE 7/ INSTRUMENTV SHARES 9/ FACE VALUE IO/ Forrrval Frur lv 1/ For the definition of FDl, please refer to Section 33 of the FX Manual. Certlfied True and Correct The computation shall be based on the outstanding shares held by the non-resident investor in the resident enterprise as of end of reference month 2/ Name of non-resident investor (up to securities account level) SiFature of Authorizrd Officrr Ovrr Printed Name 3/ Pertains to the country where the non-resident investor is operating Deoartment: '/s/ Bangko Sentral Registration Document (BSRD) Number issued to non-resident investor Tel No.: Fat No. Name of the resident enterprise/investee firm where an FDI relationship was determined Email Address: 5/ Industry classification ofthe resident enterprise/investee firm based on PSE classification z Industry code based on 2009 Philippine Standard Industrial Classification (PSIC) 8/ Indicate PSE (for PSE-listed securities) or GS (for Government Securities) e/ Number of shares for PsE{isted securities as of end of reference month 1ol Face/Peso value of the debt security or Peso market value of an equity security (using the PSE closing price at the end of reference month) l1l US$ equivalent using the BSP reference rate at the end of reference month