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)

Apr 3, 2017

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

32F to 35F , Tower One and Exchange Plaza, Ayala Triangle, Ayala Avenue, Makati City Postal Code 1226

8. Issuer's telephone number, including area code

(02)908-3000

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	620,726,154
Preferred B Series 1 Shares	20,000,000
Preferred B Series 2 Shares	27,000,000
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: "Ayala also looking at logistics business"

Source	Manila Standard (Internet Edition)
Subject of News Report	“Ayala also looking at logistics business”
Date of Publication	Apr 2, 2017

Clarification of News Report
This refers to your request to clarify the news article titled, “Ayala also looking at logistics business” posted on the April 2, 2017 issue of Manila Standard (Internet Edition). The article reported in part that: “Ayala Corp. plans to venture into the logistics business, following the lead of two other conglomerates. ‘There will be an announcement at the appropriate time,’ Ayala Infrastructure Holdings Corp. chief executive Jose Rene Almendras said, adding the venture might be announced by the end of the year. ‘We have been studying logistics. We have evaluated every component of the logistics market and we have decided that we are going to be in certain spaces,’ he said. . . . .” We wish to confirm what we are studying the logistics needs of our business units and have evaluated the spaces that we are interested to participate in. We wish to, however, clarify that these are all exploratory and no deal is imminent at this time.
Other Relevant Information
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