SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

May 30, 2023

2. SEC Identification Number

34218

3. BIR Tax Identification No.

000-153-610-000

4. Exact name of issuer as specified in its charter

AYALA CORPORATION

5. Province, country or other jurisdiction of incorporation

PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

37F to 39F, Ayala Triangle Gardens Tower 2, Paseo de Roxas cor Makati Avenue, Makati City Postal Code 1226

8. Issuer's telephone number, including area code

(02) 7908-3000

9. Former name or former address, if changed since last report

NA

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares	619,157,691
Preferred A Shares (Reissued)	5,244,515
Preferred B Series 1 Shares	20,000,000
Preferred B Series 2 Shares	30,000,000
Voting Preferred Shares	200,000,000

11. Indicate the item numbers reported herein

Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Ayala CorporationAC

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Clarification of news article entitled, “Ayala sees completion of $1 billion asset sale this year”.

Source	philSTAR.com
Subject of News Report	Ayala sees completion of $1 billion asset sale this year
Date of Publication	May 30, 2023

Clarification of News Report
This refers to the request to clarify the news article entitled "Ayala sees completion of $1 billion asset sale this year" from philSTAR.com on May 30, 2023, it was reported in part that: “MANILA, Philippines — Ayala Corp., the country’s oldest conglomerate, expects to achieve its target to raise $1 billion from the sale of non-core assets soon, according to its president and CEO Cezar ‘Bong’ Consing. ‘About three years ago, we committed to recycling about a billion dollars, and last year, we ended with already 60 percent (out of the way). I think this year, we will probably do the balance,’ Consing told reporters after the listing of its preferred shares at the Philippine Stock Exchange. He said they have several plans to recycle capital. ‘It’s all kinds...basically recycling capital to where there are more immediate opportunities,’ Consing said. While he did not provide specific targets or assets, Consing noted that Ayala has been investing in sectors that are growing such as healthcare and logistics. . . . . Asked if the company is still considering selling its stake in Light Rail Manila Corp., the Ayala chief said it is still an option but it could also be put off. ‘We are prepared to be opportunistic,’ Consing said. . . . .” In relation to the Exchanges' request to clarify and/or confirm the information in the above-quoted new article, including, but but not limited to the following: 1. Target to raise $1 billion from the sale of non-core assets; and 2. Plans to sell the Company’s stake in Light Rail Manila Corp. Ayala confirms that it targets to raise $1 billion from the sale of non-core assets. Additionally, the company remains opportunistic in Light Rail Manila Corp., and may or may not divest its stake.
Other Relevant Information
None.