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 8, 2018

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	621,292,010
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 entitled, "Group taps Changi operator for airport plan”

Source	http://www.inquirer.net
Subject of News Report	Group taps Changi operator for airport plan
Date of Publication	Feb 8, 2018

Clarification of News Report
This refers to the request to clarify the news article entitled “Group taps Changi operator for airport plan” posted in Inquirer.net on February 8, 2018. The article reported in part that: “A member of the super consortium that wants to rehabilitate and redevelop the Ninoy Aquino International Airport (Naia) confirmed that they were partnering with Changi Airports International (CAI) for the project. ‘The consortium has agreed that Changi would be our technical partner,’ said Jose Ma. K. Lim, president and CEO of Metro Pacific Investments Corp. (MPIC). MPIC is one of seven of the country’s biggest conglomerates that have decided to work together in submitting an unsolicited proposal to rehabilitate Naia, which is suffering from worsening congestion. The other companies that make up the consortium are Andrew Tan’s Alliance Globe Group Inc., Ayala Corp., Aboitiz Equity Ventures Inc., Gokongwei-led JG Summit Holdings Inc., Gotianun’s Filinvest Development Corp., and Lucio Tan’s LT Group. . . . .” We confirm that the parties have agreed to engage Changi Airport Consultants Pte. Ltd., a wholly-owned subsidiary of Changi Airports International Pte. Ltd., to provide technical support in relation to their unsolicited proposal to rehabilitate and expand the Ninoy Aquino International Airport.
Other Relevant Information
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