*Fractional entitlement will be rounded down to the nearest whole number of Rights shares and will not be allocated to existing shareholders.

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1 COL Financial Group, Inc. Announcement METROPOLITAN BANK & TRUST COMPANY (MBT) 1:3.976 Stock Rights 75.00/share Please be informed of the stock rights offering of Metropolitan Bank & Trust Company (MBT) to all stockholders of record as of March 21, 2018 with details as follows: Price & entitlement ratio : 1 Right share for every common Php75.00/share* Ex-Date : March 16, 2018 COL offer period : March 16, 2018 to March 27, :30pm Terms of payment : 100% on deadline date Tentative listing & credit date : April 12, 2018 *Fractional entitlement will be rounded down to the nearest whole number of Rights shares and will not be allocated to existing shareholders. To subscribe: For entitled MBT shareholder subscribers, you can subscribe online using the action buttons that appear on the Portfolio Page or by clicking on the Metropolitan Bank & Trust Company (MBT) banner located on the homepage of the website. COL shall not process subscription requests for accounts that fail to provide adequate funding on payment deadline date, March 27, :30pm. Important: the Rights offer can only be subscribed to by eligible holders who are a) located inside the Philippines, and b) located in jurisdictions outside the Philippines and the United States where it is legal to participate in the Rights offer under the securities laws of such jurisdictions The Bank's shareholders that are "qualified institutional buyers" ("QIBs") as defined in Rule 144A under the U.S. Securities Act of 1933, as amended, may be able to participate in a separate private placement to be conducted concurrently with the Rights Offer. Please read the attached notice from MBT and contact the Stock Transfer Agent directly on this matter.* Metrobank - Trust Banking Group 17th Floor, GT Tower International Ayala Ave. cor. H.V. dela Costa St. Makati City, Philippines Contact Person: Ms. Mary Grace P. Gatchallan grace.gatchallan@metrobank.com.ph Tel. No.: (+632) Fax. No.: (+632) * Deadline for the Investor Certification Letter has been extended to March 26, 2018.

2 Metrobank Notice from Metropolitan Bank & Trust Company March 8, 2018 To Shareholders of Metropolitan Bank & Trust Company: Metropolitan Bank & Trust Company (together with its consolidated subsidiaries, the "Bank.. ) plans to undertake a transaction in the near future relating to its shares of common stock (the "Transm.1ion). The Bank's shareholders that are "qualified institutional buyers'' ("QlBs'') as defined in Rule 144A under the U.S. Securities Act of 1933, a."! amended, may be able to participate in the transaction. Holders located in the United States who have completed and returned an investor certification letter (an ''Investor Certification Letter''), in the form enclosed herewith which states, among other things, such holders are 'qualified institutional buyers"' will be contacted directly regarding their participation in the Transaction. If you are a QIB and wish to receive additional information about the Transaction, please complete the enclosed Investor Certification Letter and return it directly to the Metrobank Stock Transfer Agent by to the address as set forth below. You may also send a the completed Investor Certification Letter to your U.S.-based agent bank with instructions to. forward the copy to such bank's Philippine agent bank/broker for submission to the Metrobank Stock Transfer Agent. TI1e Metrobank Stock Transfer Agent must receive the completed Investor Certification Letter on or before March 26, 2018 and is not authorized to, and will not, provide information as to the nature of the Transaction with any person located in the United States that has not completed and returned an Investor CertificationLetter. The Stock Transfer Agent is: Metrobank-Trust Banking Group 17'n Floor. GT Toweflntcmatiorial Ayala Ave. cor. B. V. <lcla Costa St. Makati City, Philippines Attention: Tel. No.: Fax No.: Ms. Mary Grace P, Gatchallan grace.gatchal!an@metrobank.com. ph (+632) (+632) l 0 Tilis letter is neither an offer nor a solicitation of an offer to participate in the Transaction nor does it create any obligations whatsoever on the part of the Bank or any of its affiliates to make any offer in respect ofthe Transaction or on the part of the undersigned to participate in the Transaction. Very truly yours, Metropolitan Bank & Trust Company fa-,v- By: JUAN Pl.ACIDOT. MAPA HI Vice President Head of Investor Relations Department Strategic Planning Division METROPOLITAN BANK &: TROST COMPANY!;\('\rotiank Plaza. Sen. Gil J. Puyat Avenue, 1200 Makat! City, Philippines: Tel. no, (632) ; Fax (632) ;

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5 Notice from PSE with SRO Terms and Conditions LN NOTICE Subject Company Name Metropolitan Bank & Trust Company: Stock Rights Offering Final Terms and Conditions Metropolitan Bank & Trust Company Security Details Type of Security Stock Symbol Par Value Common Shares MBT Php Type of Transaction Stock Rights Offering Date of PSE Approval Feb 28, 2018 Rights Shares Stock Symbol No. of Shares Rights Offer Price MBT 799,842,250 Php Rights Entitlement Ratio Pricing Date (if applicable) 1 Rights Share for every common shares held as of Record Date Mar 14, 2018 Ex-Date Mar 16, 2018 Record Date Mar 21, 2018 Start of Rights' Offer Period End of Rights' Offer Period Payment Terms Lead Underwriter(s) Mar 22, 2018 Apr 4, 2018 Other Parties to the Rights Offer Full Payment First Metro Investment Corporation Function Joint Global Coordinator, Joint Bookrunner, Issue Manager and Domestic Lead Underwriter Joint Global Coordinator, Joint Bookrunner, International Underwriter Co-Manager and Co-Underwriter Legal Counsel to the Bank as to Philippine Law Legal Counsel to the Underwriters as to Philippine Law Legal Counsel to the International Underwriters as to U.S. Law Name of the Party First Metro Investment Corporation UBS AG, Hong Kong Branch DBS Bank Ltd. Picazo Buyco Tan Fider & Santos Angara Abello Concepcion Regala & Cruz Law Offices Milbank, Tweed, Hadley & McCloy Stock Transfer Agent Receiving Agent External Auditor Metrobank - Trust Banking Group Metrobank - Trust Banking Group SyCip Gorres Velayo & Co.

6 Corporate Website Hyperlink to the Prospectus To be announced Tentative Listing Date Apr 12, 2018 Other Relevant Information On January 17, 2018, the Board of Directors of Metropolitan Bank & Trust Company ( MBT or the Bank ) approved a resolution authorizing the conduct of Stock Rights Offering ( SRO or the Offer ) by way of issuance of up to a maximum of 819,827,214 common shares (the Rights Shares ), which is equivalent to the remaining unissued shares from the Bank s authorized capital stock. Please refer to C dated January 18, As previously announced in Listing Notice No. LN dated March 2, 2018, the Exchange approved on February 28, 2018, the application of the Bank for the listing of the Rights Shares covering the said SRO to all stockholders as of the proposed record date of March 21, The proceeds of approximately Php 60 Billion will be used by the Bank to (i) strengthen the CET1 capital of the Bank, further solidifying its capital adequacy and financial strength; and (ii) acquisition of the remaining 20% equity stake of Australia New Zealand Banking Group Ltd. in Metrobank Card Corporation. The Bank advised the Exchange of the following final terms of MBT s Offer: Offer Price Php per share Rights Entitlement 1 : Rights Shares 799,842,250 Attached is a copy of the final Rights Offer Term Sheet, for reference and guidance. The Exchange s approval of the listing of the Rights Shares is subject to the Bank s compliance with all applicable post-approval requirements of the Exchange. The Exchange will accordingly announce any developments on the Bank s SRO. This Notice is amended to reflect the final terms and conditions of the Bank s Offer For your information and guidance. Filed on behalf by: Name Designation Jose Valeriano Zuno Department Head

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