Asia United Bank Corporation: Listing Date and Trading Symbol

May 15, 2013 PSE MEMORANDUM NO. LA IPO-0183-13 TO : The Investing Public SUBJECT : Asia United Bank Corporation Listing Date and Trading Symbol This is with reference to Memorandum Nos. LA_IPO_2013-0155 and LA_IPO_2013-0170 dated April 24, 2013 and May 3, 2013, respectively, regarding the Initial Public Offering ("IPO") of the common shares of ASIA UNITED BANK CORPORATION ("AUB" or the "Bank") . As previously announced, the Exchange approved on April 10, 2013 the Bank's initial listing of 328,000,000 common shares , with a par value of P10.00 per share, under the First Board of the Exchange, with details as follows: a. 240,000,000 common shares , representing the total number of issued and outstanding shares of the Bank prior to the IPO of the Bank's shares; b. 80,000,000 common shares , representing the total number of shares to be offered to the public on a primary basis; and c. Up to 8,000,000 common shares , representing the total number of primary shares allocated to cover the Bank's Over-Allotment Option. aCSTDc The IPO of the Bank, with an Offer Price of P95.00 per Offer Share , consisted of the following: a. Primary Offering. 80,000,000 common shares were offered to the public on a primary basis; and b. Over-Allotment Option of up to 8,000,000 common shares. AUB has granted the Stabilizing Agent, an option exercisable in whole or in part, to purchase up to 8,000,000 Optional Shares at the Offer Price, solely to cover over-allotments, if any. The Over-Allotment Option is exercisable from and including 30 calendar days after the Listing Date. Further, in compliance with the rules of the Exchange, 1 the Bank's shareholders agreed not to sell, assign or in any manner dispose of the Bank's shares for the prescribed period. The Bank and Metropolitan Bank and Trust Company Trust Banking Group, the Escrow Agent, executed an Escrow Agreement on May 6, 2013 to implement the required lock-up of the following shares: IcADSE Name of Shareholder No. of Shares Subject to 180-Day Lock-up Republic Biscuit Corporation 105,599,690 Kuo Yu Philippines Holdings Corporation 60,000,000 Lambda Holdings Corporation 47,999,900 Total 213,599,590 ========== In view thereof, the listing of 328,000,000 common shares of the Bank is set for Friday, May 17, 2013 . The trading symbol of ASIA UNITED BANK CORPORATION is "AUB" under the "Banks" subsector of the "Financials" sector. For your information and guidance. (SGD.) J.V. B. ZUO III OIC, Listings Department Noted by: (SGD.) MARSHA M. RESURRECCION Head, Issuer Regulation Division Footnotes 1. Article III Part D Section 7 of the Revised Listing Rules states that: The Company shall cause its existing stockholders or security holders who own an equivalent of at least 10% of the issued and outstanding shares of stock or securities of the company to enter into an agreement with the Exchange not to sell, assign or in any manner dispose of their shares or securities for a period of 180 days after the listing of the said shares. <http://www.pse.com.ph/resource/memos/2013/LA_IPO_2013-0183.pdf> last visited May 31, 2013.