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Ayala CorporationAC

PSE Disclosure Form 4-29 - Disbursement of Proceeds and Progress Report References: Memorandum No. 626 - 2007 dated December 20, 2007
Section 4.4 of the Revised Disclosure Rules

• Annual Report
• Quarterly Report
• OthersFinal disbursement

Subject of the Disclosure
Update on the use of proceeds generated from the re-issuance of Ayala's Preferred Class "B" Series 2 Shares (ACPB3).
Background/Description of the Disclosure
Please see attached report.
Other Relevant Information
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