In re Bank of Commerce

March 15, 2022 SEC MSRD ORDER NO. 21, S. 2022 IN THE MATTER OF BANK OF COMMERCE , registrant . REGISTRATION OF COMMON SHARES (INITIAL PUBLIC OFFERING) ORDER Upon consideration of the Registration Statement and other papers and documents attached thereto ("Registration Statement") which were filed on behalf of BANK OF COMMERCE , the Commission, resolved in its meeting of 15 February 2022 to render effective the same for the registration of up to One Billion Four Hundred Three Million Thirteen Thousand Nine Hundred Twenty (1,403,013,920) common shares with par value of Ten Pesos (PhP10.00) per Offer Share, to be listed and traded on the Main Board of the Philippine Stock Exchange, Inc. (PSE), broken down as follows: Description Common Shares Price Primary Offering (To be offered and sold by way of Initial Public Offering) 280,602,800 With an offer price of up to PhP12.00 per offer share Issued and Outstanding Common Shares (Not included in the offer) 1,122,411,120 With a par value of PhP10.00 TOTAL 1,403,013,920 In this regard and after determining that the company has complied with the required submissions as directed in the Pre-Effective Letter issued on 15 February 2022, the subject Registration Statement is now rendered effective . Let a Certificate of Permit to Offer Securities for Sale be issued in favor of BANK OF COMMERCE authorizing the sale and distribution of the above-mentioned securities. Let this Order be published at the expense of the Issuer in a newspaper of general circulation and uploaded in the Issuer's website within two (2) business days from its issuance. The company is hereby directed to furnish the Commission with a copy of the Affidavit of Publication of this Order. SO ORDERED. Pasay City, Philippines. (SGD.) VICENTE GRACIANO P. FELIZMENIO, JR. Director Published in the Philippine Daily Inquirer on March 17, 2022.