Philippine Business: BankInitial Public Offering — Procedures for: Local Small Investors

February 5, 2013 PSE MEMORANDUM NO. LA IPO-0053-13 TO : The Investing Public SUBJECT : Philippine Business Bank Initial Public Offering Procedures for Local Small Investors First Metro Investment Corporation and SB Capital Investment Corporation, the Joint Lead Underwriters for the Initial Public Offering of the common shares of Philippine Business Bank ("PBB") , provided the Exchange with the attached Procedures for Local Small Investors. (SGD.) J.V. B. ZUO III OIC, Listings Department Noted by: (SGD.) MARSHA M. RESURRECCION Head, Issuer Regulation Division ATTACHMENT PHILIPPINE BUSINESS BANK ("PBB") INITIAL PUBLIC OFFERING ("IPO") Application and Settlement Procedures for Local Small Investors under the Small Investors Program of the Securities and Exchange Commission and the Philippine Stock Exchange, Inc. 1. The Local Small Investors ("LSI") program will be managed by the Joint Lead Underwriters and Bookrunners, First Metro Investment Corporation ("FMIC") and SB Capital Investment Corporation ("SB Capital"), both of which are tasked to receive LSI applications from 9:00 a.m. of February 6, 2013 (start of offer) to 12:00 noon of February 12, 2013 . 2. All LSI applicants should personally appear to submit their applications to any of the following Receiving Centers: Offices/Trading Floors of the Philippine Stock Exchange ("PSE") Philippine Stock Exchange Plaza PSE Tektite (Trading Floor) Ayala Triangle, Ayala Avenue Exchange Road, Ortigas Makati City Pasig City Contact Persons: Contact Persons: 1. Zaldy Adana 1. Bryan V. Manuel Stock Transfer Services, Inc. Stock Transfer Services, Inc. Telephone No.: 403-2410 or 403-2412 Telephone No.: 403-2410 or 403-2412 2. Kay R. Consolacion 2. Sheila B. Suan SB Capital Investment Corporation First Metro Investment Corporation Telephone No.: 888-7208 Telephone No.: 858-7900 Representatives of the Receiving Agent, Stock Transfer Service, Inc., and the Joint Lead Underwriters and Bookrunners, will be stationed in both the Ayala and Tektite offices/Trading Floors of the PSE to accept application forms from the LSIs. Alternatively, LSIs may likewise submit their applications to any of the following receiving centers: Receiving Address Telephone Nos. Contact Persons Center First Metro Makati 858 7900 Mark Salvador Investment 43rd Floor, GT Tower International Joseph Cruz Corporation 6813 Ayala Avenue corner H.V. dela Costa Street 1227 Makati City First Metro Binondo Investment G/F Wellington Building Plaza Lorenzo 243-5481 Mark Cruz Corporation Ruiz Binondo, Manila 243-4769 Argie Garrido Investors' Center 242-3450 Albert Uy Cebu Ground Floor, Metrobank Plaza +32 520 5695 Ishy Yamashita Osmea Boulevard, Cebu City +32 520 5696 Norman J. Go SB Capital 18F Security Bank Centre, 888-7218 Mylet R. Gonzales Investment 6776 Ayala Avenue, Makati City 888-7355 Reinier A. Llige Corporation 888-7353 Marvin S. Matias 3. LSI Shares may be subscribed to or held by any person of legal age or duly organized and existing corporations, partnerships or other corporate entities regardless of nationality. 4. Upon application, a LSI applicant is required to submit the following documents: Four (4) copies of the PBB application to purchase and one (1) copy of the PBB signature card which can be secured from the Receiving Centers. For individuals: Photocopy of two (2) valid and current government-issued IDs ( e.g., SSS, GSIS, Driver's License, Passport or PRC). For joint accounts/multiple investors in one application, two (2) valid IDs per account/investor are also required. For corporate applicants: Certified true copy of the latest Articles of Incorporation and Bylaws of the Applicant, duly certified by its Corporate Secretary Certified true copy of the SEC Certificate of Registration of the Applicant, duly certified by its Corporate Secretary Secretary's Certificate authorizing the subscription/purchase of the PBB Offer Shares For foreign corporate applicants: certification representing and warranting that the foreign client's investing in the Offer Shares subject of the Application will not violate the laws of their jurisdiction and that they are allowed to acquire, purchase and hold the Offer Shares Payment (cashier's/manager's, personal or corporate check). All check payments must be made payable to "PBB IPO" and dated as of the date of submission of the application and crossed for deposit. 5. As required by the PSE for all subscribers to the IPO shares, LSI applicants should lodge his/her shares with the Philippine Depository and Trust Corporation ("PDTC") and is required to nominate a PDTC participant (subject to the latter's confirmation) to whom his/her shares will be lodged. The broker is required to sign-off on the LSI's PBB application to purchase. An LSI applicant may request his/her ownership of the Offer Shares be evidenced by stock certificates issued in his/her name as evidence of ownership through his/her broker only after the Offer Shares have been listed. The cost of the issuance of stock certificates shall be for the account of the LSI Applicant. 6. Multiple bookings (two or more applications by the same applicant) will not be allowed. Each LSI applicant may subscribe to not more than 700 PBB IPO shares in accordance with the board lot table. Based on the Offer Price per share of PHP31.50, the maximum total subscription for each LSI applicant is PHP22,050.00. The minimum subscription is 500 shares, and thereafter, in multiples of 100 shares. Therefore, an LSI can only subscribe to 500, 600, or 700 shares. Further, an LSI is defined as a "share subscriber" who is willing to subscribe to a minimum board lot or whose subscription does not exceed P25,000.00. 7. LSI Application Forms will be made available to the LSIs through the following: Published in a newspaper of general circulation at the start of the offer period; Any PSE Trading Participant; Joint Lead Underwriters and Bookrunners' offices; and Receiving Centers. 8. Key dates of the IPO: a. SEC permit to sell February 5, 2013 b. Offer period February 6-12, 2013 c. Listing and trading February 19, 2013 <http://www.pse.com.ph/resource/memos/2013/LA_IPO_2013-0053.pdf> last visited May 29, 2013.