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)

Jan 11, 2024

2. SEC Identification Number

152747

3. BIR Tax Identification No.

000-153-790-000

4. Exact name of issuer as specified in its charter

Ayala Land, Inc.

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

31F Tower One and Exchange Plaza, Ayala Triangle, Ayala Avenue, Makati City Postal Code 1226

8. Issuer's telephone number, including area code

+632 7908 3111

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

N/A

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	14,942,175,713
Voting Preferred Shares	12,442,495,031

11. Indicate the item numbers reported herein

Item 9 - Other Matters

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 Land, Inc.ALI

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: “ALI aims to double business by 2028”

Source	Manila Bulletin (Online Edition)
Subject of News Report	“ALI aims to double business by 2028”
Date of Publication	Jan 11, 2024

Clarification of News Report
We write with respect to the news articles posted in various online sites. In the attached news article entitled “ALI aims to double business by 2028” posted in Manila Bulletin (Online Edition) on January 11, 2024, which reported in part that: “Real estate giant Ayala Land Inc. is aiming to double its business in five years from its 2022 level as it aims to aggressively expand this year based on its positive outlook for 2024. . . . . Meanwhile, ALI Chief Finance Officer Augusto Bengzon said 'Our capex will be quite aggressive so we will need to tap the market (to raise funds).' 'Our aspiration is to double the business in five years so you can expect more this year compared to last year,' he added. However, both officials declined to provide specific figures for projected capex and 2023 earnings as well as the guidance for 2024 as these will be disclosed during the firm’s briefing on its 2023 performance sometime next month. . . . .” We wish to clarify that Ayala Land (ALI) aspires to double its business in five years, with 2023 as the base year. We further clarify that ALI will fund its capex program through a combination of internally generated cash from its operations and debt to be sourced from banks and the capital markets.
Other Relevant Information
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