Banco De Oro Unibank, Inc. (“BDO”) announced plans to issue approximately Php 3 billion worth of Peso-denominated Unsecured Subordinated Notes qualifying as Tier 2 capital (“T2”). This will be BDO’s second offering of T2 notes in 2011, following the successful issuance of Php 8.5 billion in June 2011, and will form part of the Php 15 billion T2 program earlier approved by the Bangko Sentral ng Pilipinas (BSP). The additional T2 notes will be used to supplement the Bank’s capital position and support its business expansion plans.

The T2 notes will carry a tenor of 10 years and 3 months from issue date, and will have a call option exercisable by the Bank after five years, subject to prior BSP approval. The indicative coupon rates will be based on the prevailing 10-year PDST-F benchmark, and will be finalized at the end of the offer period. Interest will be paid quarterly and will be tax exempt for individual investors if held for more than 5 years. The offer period is from 20 - 30 September 2011, with the issue date tentatively set for 7 October 2011. BDO reserves the right to upsize the issue and adjust the timing and terms of the offer as needed.

Deutsche Bank AG, Manila Branch, The Hongkong and Shanghai Banking Corporation Limited and Standard Chartered Bank are acting as Joint Lead Arrangers and Selling Agents for the transaction. Other selling agents are BDO Private Bank, Inc. and Multinational Investment Bancorporation.