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Date of Correspondence

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Date of Correspondence Ayala Corporation Makat i Cent ral PO Box 1444 Makati City 1254 Philippines 11 July 2016 Tel (632) 848 5643 Fax (632) 848 5768 www.ayala.com.ph Philippine Stock Exchange 3/F, The Philippine Stock Exchange, Inc. Tower One and Exchange Plaza, Ayala Ave., Makati City Attention: Mr. Jose Valeriano B. Zuño III Head - Disclosure Department Philippine Dealing & Exchange Corporation 6766 Ayala Avenue corner Paseo de Roxas Makati City Attention: Ms. Vina Vanessa S. Salonga Head, Issuer Compliance and Disclosure Department Subject: Report on the Top 100 Shareholders Gentlemen: This is in connection with the Exchange’s Revised Disclosure Rules requiring Ayala Corporation to submit a report on the Top 100 Shareholders of the Company. In compliance therewith, we are submitting herewith the list of the Top 100 Shareholders of the Company’s Preferred “B” Series 1 shares for the Quarter-Ending 30 June 2016. Thank you. Very truly yours, SOLOMON M. HERMOSURA Corporate Secretary and General Counsel !"#$%&'( 24%8%9&' !"#$#%%#&'()'%*+#,*-.(/(0-1+,(2*-%3 23$.&''.$/24.$5!2646$572% ")*+,-**./01- 8LDB8DM89L %-:);+1<.6/= A2!N98888888%-:);+1<.70>-= A?A<A(2>4!>4A0;>=(!45E5445)(N9(7:A4 2;0,*?-;.5@-,1= 45678888889 2;0,*?-;.5@-,1.70>-= !:;<;!!;=5()5!>7;0>4?(/(04@70(2>4!>4A0;>= %A.7BA"$6/ "$75C9 E3F/67G DE3F/67G (9 4!2=2888E;< !2)(=>I;=55(2>4!(T(E;<;!;=> (9QFPLLFQC8388 (QQ3BBRPS88( (M 4!2=2=>=E;< !2)(=>I;=55(2>4!(T(=>=TE;<;!;=> (SQF9C8388 (83MQSPS88( (B 42540AN888B 7?0;=F()>I;=;2F(<3(/D>4(7?0;=F(A==(IA4;500AF(<3 (9QFBM8388 (838QLL888( (R 42540AN8899 >=5(!>;=0(2>=0A20(;=2 (98F888388 (838S88888( (S 42540AN8889 7A=0>7F(<5>=5<(A3(A=)D>4(7A=0>7F(A<;2;A(23 (CF888388 (838BS8888( (L 42540AN889C 0A=(N5=(2@5H>(A=)(>4(0A=(;I5<)A(0>4A<NA (LF888388 (838B88888( (C 42540AN888S 2:A=(4A?I>=)(>(>4(2:A=(<?=5005(\ (SF888388 (838MS8888( (P 42540AN888R 2:AH5WF(E5<;O(N3(>4((A;)A(03(2:AH5WF(>4(;45=5(03(2:AH5W (SF888388 (838MS8888( (Q 42540AN8898 !:;<;!!;=5(N4;0;7:(A77@4A=25(2>I!A=?(;=2 (RF888388 (838M88888( (98 42540AN888P :5=4?()?(0A=(A=)(>4(7:54<5?(6A46A=0>7(0A= (BFR88388 (8389C8888( (99 42540AN889M IA4;A=>(H;25=05(<;I(0A=(>4(JA0:54;=5(<;I(0A=(>4(5<5=A(<;I(0A= (BF888388 (8389S8888( (9M 42540AN889B IA4;A=>(H;25=05(<;I(0A=(>4(JA0:54;=5(<;I(0A=(>4(5<5=A(<;I(0A= (MFL88388 (8389B8888( (9B 42540AN889R IA4;A=>(H;25=05(<;I(0A=(>4(JA0:54;=5(<;I(0A=(>4(5<5=A(<;I(0A= (MFR88388 (8389M8888( (9R 42540AN888Q @?(I;6@5<(E (MF888388 (838988888( (9S 42540AN888M IA2AN@:A?F(I5<2:>4(03 (9FSR8388 (8388CC888( (9L 42540AN888L NA@0;70A(E5<;2;A=>(I(A=)(>4(NA@0;70A()\(5<;7A (9F888388 (8388S8888( (9C 42540AN888C 2:;=6(N@=(05=6 (9F888388 (8388S8888( (9P 42540AN889S <;I(;4;7(H54>=;2A(6> (L88388 (8388B8888( 4NJ!798R !KZ'(9BQ(*[(MCPC !"#$%&&' $9.2%:!> !"#$#%%#&'()'%*+#,*-.(/(0-1+,(2*-%3 123%345.657-"48459:%-;1!-4-%$:96;69-91<$45= 2*D%=&.(2*E'(F(U2!\65555555(/(2*D%=&.(C=D'(F(U;UBU(27:!(!:4_4::4)(\6(8AU:48 "()*+,))-./0, 5IJ?5J>56I "$-6. 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