Philippine Business Bank: Initial Public Offering — Final Offer Price

February 1, 2013 PSE MEMORANDUM NO. LA IPO-0050-13 TO : The Investing Public SUBJECT : Philippine Business Bank Initial Public Offering Final Offer Price This is with reference to Memorandum No. LA_IPO_2013-0015 dated January 16, 2013, regarding the Initial Public Offering ("IPO") of the common shares of PHILIPPINE BUSINESS BANK ("PBB" or the "Bank") . In this regard, please be advised that, in the attached letter dated February 1, 2013, First Metro Investment Corporation and SB Capital Investment Corporation, the Joint Lead Underwriters and Bookrunners, informed the Exchange that the Final Offer Price of the Bank's IPO is P31.50 per share , amounting to a total issue size of approximately P3.19 Billion. For your information and guidance. (SGD.) J.V. B. ZUO III OIC, Listings Department Noted by: (SGD.) MARSHA M. RESURRECCION Head, Issuer Regulation Division ATTACHMENT FIRST METRO SB CAPITAL INVESTMENT CORPORATION A Subsidiary of Security Bank Metrobank Group February 1, 2013 MS. MARSHA M. RESURRECCION Head, Issuer Regulations Division PHILIPPINE STOCK EXCHANGE, INC. 3rd Floor, Philippine Stock Exchange Plaza, Ayala Triangle, Ayala Avenue, Makati City Dear Ms. Resurreccion, In relation to the Initial Public Offering ("IPO") listing application of Philippine Business Bank ("PBB"), First Metro Investment Corporation and SB Capital Investment Corporation (collectively, "the Joint Lead Underwriters and Bookrunners"), would like to inform you that the bookbuilding process was completed this afternoon. The final offer price of the IPO is at PhP31.50 per share , amounting to a total issue size of approximately PhP3.19 Billion. Very truly yours, FIRST METRO INVESTMENT CORPORATION By: (SGD.) Justino Juan R. Ocampo Senior Vice President SB CAPITAL INVESTMENT CORPORATION By: (SGD.) E. Federico C. Galang III Executive Director <http://www.pse.com.ph/resource/memos/2013/LA_IPO_2013-0050.pdf> last visited May 29, 2013.