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)

Aug 17, 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	621,224,987
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: “MetroPac offers P12-b MRT3 rehab”

Source	manila standard.net
Subject of News Report	"MetroPac offers P12-b MRT3 rehab"
Date of Publication	Aug 16, 2017

Clarification of News Report
This refers to your request to clarify the news article titled, “MetroPac offers P12-b MRT3 rehab” posted on the August 16, 2017 issue of manila standard.net. The article reported in part that: “Metro Pacific Investments Corp. said Wednesday it is ready to present to the Transportation Department this week a P12-billion offer to rehabilitate and upgrade the glitch-prone Mass Rail Transit Line 3. Metro Pacific president Jose Ma. K. Lim said the company would send a team to the Transportation Department to initially discuss and present the technical aspects of the proposal. Lim said under the new proposal, Metro Pacific planned to initially invest P12 billion to rehabilitate and improve the service of MRT3, or double the P6 billion the company originally proposed. . . . . Pangilinan said aside from Ayala Corp., Metro Pacific also invited Macquarie Infrastructure Holdings (Philippines) Pte Ltd. to join the company in the proposed rehabilitation of MRT3. . . . . ‘We have extended invitation to the Ayala group and Macquarie along the same holding percentages in LRMC, which 55 percent for us 35 [percent] for Ayala and 10 [percent] for Macquarie,’ Pangilinan said. . . . .” We wish to confirm that Metro Pacific Investments Corporation has extended an invitation to us to join them in the proposed rehabilitation of MRT-3. We however wish to clarify that the holding percentages are still under discussion, and are not yet final.
Other Relevant Information
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