Via ODiSy March 22, 2012 PHILIPPINE STOCK EXCHANGE ... - BDO

- 127 -Basic earnings per share were computed as follows:Parent Bank2011 2010 2009Net profit P 8,954 P 8,433 P 6,356Dividends on preferred shares ( 330) ( 330) ( 84 )Net profit available to common shares 8,624 8,103 6,272Divided by the weighted average numberof outstanding common shares (in millions) 2,607 2,522 2,315Basic earnings per share P 3.31 P 3.21 P 2.71Diluted earnings per share were computed as follows:Parent Bank2011 2010 2009Net profit P 8,624* P 8,103 * P 6,356Divided by the weighted average numberof outstanding common shares (in millions):Outstanding common shares 2,607 2,522 2,315Potential common shares from assumedconversion of convertible preferred shares * * 128Potential common shares from assumedconversion of stock option plan - - 1Total weighted average number ofcommon shares after assumed conversionof convertible preferred shares 2,607 2,522 2,444Diluted earnings per share P 3.31 P 3.21 P 2.60* Net profit attributable to shareholders of the Parent Bank is reduced by dividends on preferred sharesas these were not assumed to be converted. Potential common shares from assumed conversion of thesepreferred shares are anti-dilutive in 2011 and 2010.