Security Bank Lists the New Shares Earlier Issued to The Bank of Tokyo-Mitsubishi UFJ

Makati—(PHStocks)—Security Bank Corp. (PSE: SECB) today listed on the Philippine Stock Exchange the 150,707,778 new common shares that it had issued to The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) on 1 April 2016.

Attending the listing and bell ringing ceremony at the Philippine Stock Exchange (PSE) were key officials of the Bangko Sentral ng Pilipinas (BSP), the PSE and Security Bank, led by BSP Governor Amando M. Tetangco Jr., PSE Chairman Jose T. Pardo, PSE President Hans B. Sicat, Security Bank’s Chairman of the Board Alberto S. Villarosa, Vice Chairman Paul Y. Ung, Director Takayoshi Futae, and President and Chief Executive Officer Alfonso L. Salcedo, Jr. Also in attendance were members of the Board of Directors as well as the Management Team of Security Bank.

The Security Bank-BTMU transaction was consummated in less than six months since the deal was signed on 14 January 2016. The transaction received regulatory approval on 24 February 2016 and was completed on 1 April 2016 with the equity investment of PhP36.9 billion by BTMU in Security Bank and, in turn, the issuance by Security Bank of 150.7 million common shares (at PhP245 per common share) and 200 million preferred shares (at PhP0.10 per preferred share) to BTMU. This equity investment is to-date the largest foreign direct investment in a Philippine financial institution.

“We thank the Bangko Sentral ng Pilipinas and the Philippine Stock Exchange for their vital support of the Security Bank-BTMU strategic partnership. The partnership gives Security Bank—as an equity affiliate of BTMU—additional capabilities to service key critical requirements of our economy. These capabilities are in the areas of infrastructure & project finance, retail finance, international banking and wealth management. BTMU’s parent, Mitsubishi UFJ Financial Group (MUFG), is one of the world’s largest and most diversified financial groups with core strengths in such areas,” said Alberto S. Villarosa, Chairman of the Board of Security Bank.

BTMU is the second largest shareholder of Security Bank. The Dy Group is the biggest shareholder of Security Bank with majority voting control.

Today’s listing brought Security Bank’s total listed stock to 753,538,887 common shares. Security Bank’s market capitalization—or how much the investor market values SECB—is around PhP150 billion (equivalent to $3.2 billion) given SECB’s stock price trading in the Php 198 to Php 200 per share range in recent days. Security Bank’s shareholders’ capital was at PhP92.9 billion—fifth largest among private domestic universal banks in the country—and SECB’s book value per share was at Php 123.29 pro-forma as of 1 April 2016.