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 7, 2017

2. SEC Identification Number

34218

3. BIR Tax Identification No.

00-153-610-000

4. Exact name of issuer as specified in its charter

00-153-610-000

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 1126

8. Issuer's telephone number, including area code

(02)908-3000

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

-

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 4-3 - Amendments to Articles of Incorporation References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Amendment of the Fourth Article of the Articles of Incorporation
Background/Description of the Disclosure
Please be informed that the Securities and Exchange Commission approved on 5 April 2017 the amendment to the Fourth Article of our Articles of Incorporation extending the corporate term of our Company for 50 years from 22 January 2018.

Date of Approval by Board of Directors	Jan 19, 2016
Date of Approval by Stockholders	Apr 15, 2016
Other Relevant Regulatory Agency, if applicable	N/A
Date of Approval by Relevant Regulatory Agency, if applicable	N/A
Date of Approval by Securities and Exchange Commission	Apr 5, 2017
Date of Receipt of SEC approval	Apr 7, 2017

Amendment(s)

Article No.	From	To
FOURTH	That the term for which said corporation is to exist is fifty (50) years from the date of incorporation.	That the term for which said Corporation is to exist is fifty (50) years from January 22, 2018.

Rationale for the amendment(s)
To extend the corporate term for another 50 years.

The timetable for the effectivity of the amendment(s)

Expected date of filing the amendments to the Articles of Incorporation with the SEC	Mar 27, 2017
Expected date of SEC approval of the Amended Articles of Incorporation	Apr 7, 2017

Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any
-
Other Relevant Information
The disclosure is being amended to report the approval by the SEC of the amendment to the Articles of Incorporation of our Company. Please see the attached copy of our Amended Articles of Incorporation. As approved by the SEC, the corporate term is extended from 22 January 2018, instead of 23 January 2018 as previously disclosed.