Date of Correspondence

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Date of Correspondence Ayala Corporation Makat i Cent ral PO Box 1444 Makati City 1254 Philippines Tel (632) 848 5643 11 July 2016 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 top 100 shareholders of the Company’s common share for the quarter-ending 30 June 2016. Thank you. Very truly yours, SOLOMON M. HERMOSURA Corporate Secretary and General Counsel BPI STOCK TRANSFER OFFICE AYALA CORPORATION TOP 100 STOCKHOLDERS AS OF JUNE 30, 2016 RANK STOCKHOLDER NUMBER STOCKHOLDER NAME NATIONALITY CERTIFICATE CLASS OUTSTANDING SHARES PERCENTAGE TOTAL 1 13000734 MERMAC INC FIL A 303,689,196 48.9669% 303,689,196 3RD FLOOR, MAKATI STOCK EXCHANGE BUILDING, AYALA 2 16000305 PCD NOMINEE CORPORATION (NON-FILIPINO) NOF A 163,049,511 26.2901% 163,049,511 TRIANGLE, AYALA AVENUE, MAKATI CITY 1226 37F TOWER 1, THE ENTERPRISE CENTER, 3 16000304 PCD NOMINEE CORPORATION (FILIPINO) FIL A 67,667,986 10.9108% 67,667,986 AYALA AVE COR PASEO DE ROXAS, 37F TOWER 1, THE ENTERPRISE CENTER, 4 13000804 MITSUBISHI CORPORATION JAP A 63,077,540 10.1706% 63,077,540 1226 MAKATI CITY AYALA AVE COR PASEO DE ROXAS, 14/F L.V. LOCSIN BLDG., 5 19000881 SHOEMART INC. FIL A 7,529,203 1.2140% 7,529,203 1226 MAKATI CITY 6752 AYALA AVENUE COR. MAKATI AVE., C/O MS. VIRGINIA YAP/ JUDITH E. BALDERRAMA 6 19002434 SYSMART CORPORATION FIL A 1,500,912 0.2420% 1,500,912 MAKATI CITY 1226 10/F LV LOCSIN BLDG. 6752 AYALA AVE., COR MAKATI C/O VIRGINIA YAP &/OR JUDITH E. BALDERRAMA 7 19001034 SM INVESTMENT CORPORATION FIL A 1,418,610 0.2287% 1,418,610 AVE., MAKATI CITY 10/F LV LOCSIN BLDG., 6752 AYALA AVE, COR MAKATI C/O MS. VIRGINIA YAP/ JUDITH E. BALDERRAMA 8 16000744 PHIL. REMNANTS CO., INC. AMN A 823,046 0.1327% 823,046 AVE, MAKATI CITY 10TH FLR LV LOCSIN BLDG., 2135 A PASONG TAMO ST., 9 0500000017 ESOWN ADMINISTRATOR 2009 FIL A 563,855 0.0909% 563,855 6752 AYALA AVE. COR. MAKATI AVE., MAKATI CITY MAKATI CITY C/O AYALA CORP. ESOWN 10 0500000029 ESOWN ADMINISTRATOR 2014 FIL A 542,585 0.0874% 542,585 C/O MS. FELICIA CARVAJAL-ESOWN ADMIN TOWER 1 & 11 0500000032 ESOWN ADMINISTRATOR 2015 FIL A 531,133 0.0856% 531,133 EXCHANGE PLAZA, AYALA TRIANGLE, AYALA AVENUE, C/O MS. FELICIA CARVAJAL, 34F AYALA TOWER ONE, 12 0500000024 ESOWN ADMINISTRATOR 2012 FIL A 471,560 0.0760% 471,560 MAKATI CITY AYALA CORNER PASEO DE ROXAS AVENUE, C/O AYALA CORP. - ESOWN ADMIN 13 0500000014 ESOWN ADMINISTRATOR 2008 FIL A 374,196 0.0603% 374,196 MAKATI CITY C/O AYALA CORPORATION 14 13000806 MITSUBISHI LOGISTICS CORPORATION JAP A 360,512 0.0581% 360,512 19-1, NIHONBASHI 1-CHROME, CHO-KU, TOKYO, JAPAN 15 29000002 ESOWN ADMINISTRATOR 2006 FIL A 278,952 0.0449% 278,952 C/O AYALA CORP ESOP/ESOWN ADMN 16 0500000010 ESOWN ADMINISTRATOR 2007 FIL A 221,646 0.0357% 221,646 C/O AYALA CORP. ESOWN 17 29000001 ESOWN ADMINISTRATOR 2005 FIL A 174,570 0.0281% 174,570 C/O AYALA CORP. 18 20000449 TELENGTAN BROTHERS & SONS, INC. FIL A 136,857 0.0220% 136,857 C/O LA SUERTE CIGAR & CIGARETTE FACTORY 19 25000017 LUCIO YAN FIL A 127,996 0.0206% 127,996 KM. 14 SOUTH SUPERHIGHWAY PARANAQUE CITY 537 LAFAYETTE ST., GREENHILLS 20 12000750 XAVIER P. LOINAZ FIL A 126,052 0.0203% 126,052 EAST MANDALUYONG, MM 1635 CYPRESS ST., DASMARINAS 21 05000139 ERA MANAGEMENT & DEVELOPMENT CORP. FIL A 106,118 0.0171% 106,118 VILLAGE, MAKATI CITY 1222 ABOITIZ & COMPANY INC., ABOITIZ CORPORATE CENTER, 22 05000261 ANGEL ESTRADA FIL A 97,317 0.0156% 97,317 GOV. MANUEL A. CUENCO AVENUE C/O A.I. MANPOWER SERVICES 23 01000874 AFM MANAGEMENT & DEVELOPMENT FIL A 90,723 0.0146% 90,723 CEBU CITY INC 2ND FLR ENZO BLDG. 399 J. LGF ABOITIZ CORPORATE CENTER, 24 08000059 EDDIE HAO FIL A 88,435 0.0142% 88,435 PUYAT AVE. GOV. MANUEL A. CUENCO AVENUE, RM. 804 FEDERAL TOWER BLDG., 25 26000110 JAIMEEXT. MAKATI, ZOBEL M.M.DE AYALA (HOLD) FIL A 86,400 0.0139% 86,400 KASAMBAGAN, CEBU CITY 6000 DASMARINAS ST., COR. MUELLE C/O SONOMA SERVICES, INC. 26 19002474 SEAHORSE REALTY CORPORATION FIL A 84,602 0.0136% 84,602 DE BINONDO ST., BINONDO, 35TH FLR., TOWER ONE & EXCHANGE PLAZA 1172 PASONG TAMO, MAKATI CITY 27 15000248 ROBERTMANILA ONG FIL A 76,518 0.0123% 76,518 AYALA TRIANGLE, AYALA AVENUE 33 DUHAT ST., VALLE VERDE, PASIG CITY, MM 28 22000406 ANDRESMAKATI CITY VAZQUEZ-PRADA OR MA. CRISTINA S. VAZQUEZ-PRADA FIL A 74,200 0.0119% 74,200 1696 DASMARINAS AVE., DASMA. 29 14000238 SHERISA P. NUESA FIL A 66,918 0.0107% 66,918 VILLAGE, MAKATI 306 LIAN ST., AYALA ALABANG VILL., MUNITNLUPA CITY 30 1400000015 MERCEDITA S. NOLLEDO FIL A 65,876 0.0106% 65,876 1780 34TH FLOOR TOWER ONE, 31 20000848 TRUSTEESHIP INC FIL A 59,071 0.0095% 59,071 AYALA TRIANGLE, 3169 V. MAPA ST STA. MESA, 32 20000868 MARIA LOURDES TUASON FIL A 57,046 0.0091% 57,046 AYALA AVENUE, MAKATI CITY MANILA 1392 PALM AVENUE COR. MORADO 33 13000475 RAMON F. R. MEDINA FIL A 52,959 0.0085% 52,959 STS. DASMARINAS VILLAGE, 211 SAN RAFAEL ST., COR. SAN ENRIQUE 34 10000037 JALANDONI JAYME ADAMS & CO FIL A 52,042 0.0083% 52,042 MAKATI CITY AYALA ALABANG VILLAGE, MUNTINLUPA CITY 1780 5TH FLR. PDCP BLDG. AYALA 35 13001015 MYA MANAGEMENT CORPORATION FIL A 51,482 0.0083% 51,482 AVE., MAKATI, M.M. METRO = ABOITIZ & COMPANY INC., ABOITIZ CORPORATE CENTER, 36 13000134 MAKATI SUPERMARKET CORP. FIL A 50,548 0.0081% 50,548 HOLD - RTS GOV. MANUEL A. CUENCO AVENUE 2ND FLR., ODC INT'L PLAZA 37 10000068 ANGELO JAMORA FIL A 50,087 0.0080% 50,087 CEBU CITY COND. CORP., 219 SALCED J.B.I. BLDG. DELGADO ST., ILOILO CITY 5000 38 18000946 RELIANCE COMMERCIAL ENTERPRISES, INC. FIL A 49,766 0.0080% 49,766 LEGASPI VILLAGE, MAKATI, MM 6TH FLOOR COMFOODS BLDG. 39 07000994 BERNADETTE S. GO FIL A 49,200 0.0079% 49,200 GIL PUYAT AVENUE 122 10TH ST. NEW MANILA, QUEZON CITY 40 19002495 SULLIVAN HOLDINGS LIMITED BHS A 45,943 0.0074% 45,943 MAKATI CITY CITIBANK BLDG. TOMPSON BLVD 41 1500000006 RAMON G. OPULENCIA FIL A 44,502 0.0071% 44,502 OAKES FIELD MASSAU, BAHAMAS 134 RIZAL ST., AYALA SOUTHVALE, BACOOR, CAVITE 42 21000320 ROBERTO L. UY FIL A 41,961 0.0067% 41,961 HOLD 4102 1667 JORGE BOCOBO, MALATE, 1004 MANILA 43 12000922 MA. LOURDES G. LATONIO FIL A 40,803 0.0065% 40,803 122 GUAVA DRIVE AYALA ALABANG 44 02000318 ENRIQUE M. BELO FIL A 40,112 0.0064% 40,112 VILLAGE MUNTINLUPA CITY 6780 CIBELES BLDG 6TH FLR. AYALA AVE MAKATI METRO HOLD Page 1 of 3 BPI STOCK TRANSFER OFFICE AYALA CORPORATION TOP 100 STOCKHOLDERS AS OF JUNE 30, 2016 45 0300000028 CEDAR COMMODITIES, INC. FIL A 40,000 0.0064% 40,000 6F CEDAR EXECUTIVE BUILDING 46 01001610 APOLLO TRADING CO., INC. (MRS FIL A 39,398 0.0063% 39,398 26 TIMOG AVE. COR. SCOUT TOBIAS ST. 3RD FLR REDO I BLDG 951 47 01002047 ANTONINO T. AQUINO FIL A 38,222 0.0061% 38,222 QUEZON CITY REMEDIOS ST CORNER SAN 31 FORDHAM, 48 21000185 UNIVERSAL ROBINA CORPORATION FIL A 37,522 0.0060% 37,522 MARCELINO ST MALATE MANILA WHITE PLAINS, QUEZON CITY 42/F ROBINSONS EQUITABLE TOWER 49 14000237 SHERISA P. NUESA FIL A 36,912 0.0059% 36,912 ADB AVENUE CORNER POVEDA ROAD, 306 LIAN ST., AYALA ALABANG VILL., MUNTINLUPA CITY 50 10000272 JACINTO D. JIMENEZ FIL A 36,728 0.0059% 36,728 PASIG CITY 21ST FLOOR, PHILAMLIFE TOWER, 51 03000927 JEFFREY REGINALD CHING FIL A 36,000 0.0058% 36,000 8767 PASEO DE ROXAS, MAKATI CITY 42 NARRA ST FORBES PARK, MAKATI CITY 52 03000061 SAMUEL V. CABRAL FIL A 34,423 0.0055% 34,423 1216 CARDONA ST RIZAL VILLAGE 53 07000924 VICTORIA GARCHITORENA FIL A 32,675 0.0052% 32,675 MAKATI MM 10F AVIGNON TOWER 54 1800000044 MIGUEL ENRIQUE SINGSON ROA FIL A 32,000 0.0051% 32,000 144 H.V. DE LA COSTA STREET, 15 CHICO STREET, VALLE VERDE 1, PASIG CITY 55 05000342 ENDEL REALTY & MANAGEMENT CORPORATION FIL A 31,479 0.0050% 31,479 SALCEDO VILLAGE, MAKATI CITY 5 BEATERIO ST. 56 05000005 E. ZOBEL, INC. FAO HALDANE INVESTMENTS N.V DAN A 31,450 0.0050% 31,450 URDANETA VILLAGE, MAKATI CITY 1225 5TH FLR., ENZO BLDG., 57 13000506 RUFINO MELO III FIL A 29,372 0.0047% 29,372 399 SEN GIL PUYAT AVE., MAKATI 115 RIZAL ST. AYALA SOUTHVALE 58 13000045 MONINA C. MACAVINTA FIL A 29,247 0.0047% 29,247 MOLINO, BACOOR, CAVITE 4102 C/O MR. RAMON FR MEDINA 59 20000575 THE ROMAN CATHOLIC BISHOP OF TUGUEGARAO FIL A 28,818 0.0046% 28,818 OFFICE OF THE VICE PRESIDENT BISHOP'S RESIDENCE, RIZAL ST., TUGUEGARAO CITY, 60 01001628 GABRIEL AQUINO FIL A 28,304 0.0045% 28,304 FOR CORP.
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