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 24, 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

MAKATI CITY, 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

(632) 750-6974

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

Not Applicable

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	14,724,947,558
VOTING PREFERREDS	13,066,494,759

11. Indicate the item numbers reported herein

Item 9. Other Events

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 4-13 - 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 and/or confirmation on the news article entitled ““ALI allots P46B for new projects”

Source	BusinessWorld
Subject of News Report	ALI allots P46B for new projects
Date of Publication	Aug 24, 2017

Clarification of News Report
We respond to your letter seeking our clarification and/or confirmation on the news article entitled ““ALI allots P46B for new projects” published in the August 24, 2017 issue of the BusinessWorld. The article reported in part that: “AYALA LAND, Inc. (ALI) is ramping up its expansion outside Metro Manila with the allocation of P46 billion to fund two estates in the Visayas and Mindanao regions. In a statement on Wednesday, the listed property giant said it will be spending P26 billion to develop a 17-hectare estate in Mandaue City called Gatewalk Central. Located inside the Cebu Business Park, the integrated mixed-use development is being developed in partnership with AboitizLand, Inc. ALI is also allotting P20 billion for the Azuela Cove, a 25-hectare development in Davao City in partnership with the Alcantara group. The company is pouring in an initial P8 billion for the first phase of the project. . . . .” We would like to clarify that the P46 billion allocation for the development of two estates in Visayas and Mindanao is a joint funding from Ayala Land, Inc. together with the Company’s partners. The P26 billion funding is in partnership with AboitizLand, Inc. to develop a 17-hectare estate in Mandaue City called Gatewalk Central, while the P20 billion investment is in partnership with Alcantara group to develop Azuela Cove, a 25-hectare development in Davao City. We would also like to clarify that Gatewalk Central is located in Mandaue City and not inside Cebu Business Park.
Other Relevant Information
none