Union Bank of Taiwan: In order to enrich the Bank’s working capital, announcement of the Company’s distribution of stock dividends.

Declaration

1.Date of the board of directors resolution:2022/03/07
2.Source of capital increase funds:Via return earning and employee
compensation for 2021.
3.Whether to adopt shelf registration (Yes, please state issuance period/No):
No
4.Total monetary value of the issuance and number of shares issued (shares
 issued not including those distributed to employees if consisting in
 capital increase from earnings or capital surplus):NT$2,916,268,540 and
291,626,854 shares.
5.If adopting shelf registration, monetary value and number of shares
to be issued this time:Not applicable.
6.The remaining monetary value and shares after this issuance when
adopting shelf registration:Not applicable.
7.Par value per share:NTD$10.
8.Issue price:Not applicable.
9.Number of shares subscribed for by or allocated to employees:Employees'
compensation Stock dividends NT$96,846,461,number of shares of the
employees' compensation, which was determined by dividing the amount of
the employees' compensation resolved for 2021 by $13.45 ,which is the
closing price per share on the day immediately preceding the meeting of
the Bank's board of directors on 4 March, 2022 was 7,200,480 shares ,
less than one share pay for cash.
10.Number of shares publicly sold:Not applicable.
11.Ratio of shares subscribed by or allotted as stock dividends to existing
shareholders:Capital increase from earnings for every 1,000 shares will
be replaced with approximately 88.5 shares.
In the event of a change in the shares of the Bank, or the transfer,
conversion or cancellation of the treasury shares or other circumstances,
affecting the total number of shares outstanding,and the share allotment
rate,the shareholders' meeting authorizes the board of directors to handle
the change.
12.Handling method for fractional shares and shares unsubscripted for by
the deadline:The existing shareholders may apply to the stock transfer
agent of the Company within 5 days from the date for book closure to combine
fractional shares into full shares. When existing shareholders forfeit
their subscription rights, their subscription is insufficient, or for
fractional shares that fall short of full shares,the president of the board
shall be informed, and will contact specific persons for purchase at
the issue price.
13.Rights and obligations of these newly issued shares:Same rights and
obligations as those of the original common shares.
14.Utilization of the funds from the capital increase:Increasing working
capital.
15.Any other matters that need to be specified:The ex-rights date(Record date
for increasing share capital) will be determined fully by the Board as
authorized by the Shareholders' Meeting.