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)

Feb 23, 2017

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

908-3111

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	14,712,682,588
Preferred Shares	13,066,494,759

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 Land, Inc.ALI

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Company Announcement
Background/Description of the Disclosure
Please be informed that Ayala Land, Inc. (ALI), Ayala Corporation, BPI Capital Corporation, a wholly-owned subsidiary of the Bank of the Philippine Islands, and Kickstart Ventures Inc., a wholly-owned subsidiary of Globe Telecom Inc., signed an investment agreement to acquire ownership stakes in BF Jade E-Service Philippines, Inc, the owner and operator of the online fashion platform Zalora Philippines (Zalora), subject to the fulfillment of certain conditions precedent, including obtaining the approval or deemed approval of the Philippine Competition Commission. Zalora is currently the Philippines’ largest online fashion destination offering over 120,000 products across more than 1,000 brands in accessories, beauty, clothing, shoes, and sports. Zalora’s online fashion business is complemented by a proprietary, robust, and scalable logistics platform that effectively utilizes online channels and technology. Through this transaction, ALI will own 1.91% of Zalora Philippines. This investment forms part of ALI’s strategy to capture the growing opportunities in e-commerce amid a robust domestic consumer market and an increasingly digital environment.
Other Relevant Information
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