Ayala Land, Inc.: Additional Listing

December 11, 2012 PSE MEMORANDUM NO. LA-0544-12 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"). ATICcS In this connection, please be advised that an additional 359,521 common shares under the ESOP and ESOWN plan of the Company have been exercised and fully paid as of November 30, 2012: 2006 ESOWN: 29,918 common shares 2007 ESOWN: 251,167 common shares 2010 ESOWN: 78,436 common shares TOTAL 359,521 common shares In view thereof, the listing of the additional 359,521 common shares is set for Wednesday, December 12, 2012. This brings the number of common shares listed under the Company's ESOP and ESOWN to a total of 142,660,922 common shares. 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/2012/LA__2012-0544.pdf> last visited January 10, 2013.