Ayala Land, Inc.: Additional Listing

February 25, 2013 PSE MEMORANDUM NO. LA-0086-13 TO : The Investing Public SUBJECT : Ayala Land, Inc. Additional Listing The Exchange approved on August 27, 2003, the application of AYALA LAND, INC. (the "Company") to list up to 294,936,785 common shares , with a par value of P1.00 per share , divided into 147,468,393 common shares to cover the Company's Executive Stock Option Plan ("ESOP"); and 147,468,392 common shares to cover the Employee Stock Ownership Plan ("ESOWN"). In this connection, please be advised that an additional 1,136,268 common shares under the ESOP and ESOWN plan of the Company have been exercised and fully paid as of January 31, 2013: 2008 ESOWN: 472,300 common shares 2009 ESOWN: 355,451 common shares 2010 ESOWN: 150,182 common shares 2011 ESOWN: 140,618 common shares 2012 ESOWN: 17,717 common shares Total 1,136,268 common shares ==================== In view thereof, the listing of the additional 1,136,268 common shares is set for Tuesday, February 26, 2013 . This brings the number of common shares listed under the Company's ESOP and ESOWN to a total of 144,506,640 common shares. CTacSE The designated Stock Transfer Agent is hereby authorized to record and register in its books the above number of shares. For your information and guidance. (SGD.) J.V. B. ZUO III OIC, Listings Department <http://www.pse.com.ph/resource/memos/2013/LA__2013-0086.pdf> last visited April 4, 2013.