This is in connection with your Revised Disclosure Rules requiring Ayala Corporation to submit a report on the Top 100 Shareholders of the Company.

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1 Ayala Corporation Makati Central PO Box Philippines 02 April 2009 Philippine Stock Exchange Disclosure Department Listings and Disclosure Group 4/F Tektite Tower, Exchange Road Ortigas Center, Pasig City Tel (632) Fax (632) Subject: Report on the Top 100 Shareholders Gentlemen: This is in connection with your Revised Disclosure Rules requiring Ayala Corporation to submit a report on the Top 100 Shareholders of the Company. In compliance therewith, we are submitting herewith the list of the Top 100 Shareholders of the Company s Preferred A shares for the Quarter-Ending 31 March Thank you. Very truly yours, Michelle Marie T. Valbuena Compliance Manager Office of the Corporate Secretary

2 AYALA CORPORATION (PREFFERED A) SHARES LIST OF TOP 100 STOCKHOLDERS AS OF MARCH 31, 2009 RANK SUBACCOUNT CODE SUBACCOUNT NAME SHARES % OF OWNERSHIP TAX CODE FOREIGN (Y/N) 1 RACPAPCNC0F PCD NOMINEE CORP. - FILIPINO 11,686, % NWT N 2 RCERTAP0001 AYALA LAND, INC. 200, % NWT N 3 RCERTAP0017 KNIGHTS OF COLUMBUS FRATERNAL ASSOCIATION OF THE PHILS, INC. 60, % PH10 N 4 RACPAPCNCNF PCD NOMINEE CORP. - NON-FILIPINO 18, % FOMN Y 5 RCERTAP0002 RICARDO B. LIBREA &/OR MARIETA P. LIBREA 10, % PH10 N 6 RCERTAP0007 CASINO ESPANOL DE CEBU, INC. 4, % NWT N 7 RCERTAP0004 BENITO ALFONSO UNCHUAN 4, % PH10 N 7 RCERTAP0005 ROSALINDA C.KO OR JAMES C.KO 4, % PH10 N 7 RCERTAP0013 CHUA, WILLIAM H &/OR TITA P. CHUA &/OR ELIZABETH T. PO 4, % PH10 N 8 RCERTAP0009 BORJA, ENRICO L. 2, % PH10 N 8 RCERTAP0010 VICTOR R. TRINIDAD &/OR JOHANNAH ALEXANDRIA N. TRINIDAD 2, % PH10 N 8 RCERTAP0011 MANUEL D. TANGLAO 2, % PH10 N 9 RCERTAP0008 SEECALLS, INC. 1, % NWT N 9 RCERTAP0016 SHIRLEY S. ROMUALDEZ 1, % PH10 N 10 RCERTAP0006 MA. VICTORIA B. DOMINGO % PH10 N 11 RCERTAP0003 PANGANIBAN, DANIEL PAULO V % PH10 N 11 RCERTAP0012 VILLONO, DIANA S % PH10 N 11 RCERTAP0014 DELOS REYES, PERCIVAL C % PH10 N 11 RCERTAP0015 MUNOZ, CRISPIN SIO % PH10 N

3 01-APR APR :20 PHIL. CENTRAL DEPOSITORY, INC. Page 1 B101AC A & A Securities, Inc. Y HOUSE 2,200 Rm Ayala Ave. Condominium 6776 Ayala Ave., Total 2,200 B102AC Abacus Securities Corporation Y HOUSE 60,800 Unit 2904-A East Tower, PSE Centre Exchange Road, Ortigas Center Pasig City Total 60,800 B103AC ACCORD CAPITAL EQUITIES CORPORATION Y HOUSE 25,620 Unit 1101 Orient Square Building Emerald Avenue Ortigas Center Pasig City Total 25,620 B104AC A. T. De Castro Securities Corp. Y HOUSE 4,000 Suite 701, 7/F Ayala Tower I, Exchange Plaza, Ayala Triangle, Ayala Ave., Total 4,000 B109AC BA Securities, Inc. Y FREE 200 Rm CLMC Bldg, EDSA Greenhills Mandaluyong City 1550

4 01-APR APR :20 PHIL. CENTRAL DEPOSITORY, INC. Page 2 B109AC BA Securities, Inc. Total 200 Rm CLMC Bldg, EDSA Greenhills Mandaluyong City 1550 B110AC Angping & Associates Securities, Inc. Y HOUSE 110,000 Suites 2002/2004, The Peak, 107 Alfaro St., Salcedo Village, 1227 Total 110,000 B111AC Ansaldo, Godinez & Co., Inc. Y HOUSE 2, Nueva St., Binondo Manila 1006 Total 2,600 B112AC AB CAPITAL SECURITIES, INC. Y FREE 146,870 5/F Phinma Plaza 39 Plaza Drive, Rockwell Center Total 146,870 B112AP AB CAPITAL SECURITIES, INC. Y FREE 340 5/F Phinma Plaza 39 Plaza Drive, Rockwell Center Total 340 B115AC SB Equities, Inc. Y HOUSE 9,440 18/F, Security Bank Centre 6776 Ayala Avenue,

5 01-APR APR :20 PHIL. CENTRAL DEPOSITORY, INC. Page 3 B115AC SB Equities, Inc. Y ILACLMSSUBACCT01 10,000 18/F, Security Bank Centre 6776 Ayala Avenue, Total 19,440 B116AC Asia Pacific Capital Equities & Securities Corporation Y HOUSE 3,400 24/F Galleria Corporate Center EDSA corner Ortigas Avenue, Pasig City 1605 Total 3,400 B118AC Asiasec Equities, Inc. Y FREE 5,000 7/F Diners Club Center, 114 Valero St., Salcedo Village, 1227 Total 5,000 B119AC Astra Securities Corporation Y HOUSE 200 Units Ayala Tower One Ayala Ave. cor. Paseo de Roxas Total 200 B122AC Belson Securities, Inc. Y HOUSE 5,000 4th Floor Belson House 271 Edsa, Mandaluyong City 1554 Total 5,000 B124AC B. H. Chua Securities Corporation Y HOUSE 1,500

6 01-APR APR :20 PHIL. CENTRAL DEPOSITORY, INC. Page G. Araneta Avenue, Quezon City 1135 B124AC B. H. Chua Securities Corporation 872 G. Araneta Avenue, Quezon City 1135 Total 1,500 B126AC BPI Securities Corporation Y HOUSE 5,006,880 8/F BPI Head Office Bldg., Ayala Ave.,cor.Paseo de Roxas Total 5,006,880 B126FC BPI Securities Corporation Y HOUSE 15,320 8/F BPI Head Office Bldg., Ayala Ave.,cor.Paseo de Roxas Total 15,320 B128AC Campos, Lanuza & Company, Inc. Y HOUSE 7,600 Unit 2003B East Tower, PSE Center Exchange Road, Ortigas Center Pasig City 1605 Total 7,600 B129AC Sincere Securities Corporation Y HOUSE 4, A East Tower, PSE Centre, Exchange Road, Ortigas Center, Pasig City 0 Total 4,000

7 01-APR APR :20 PHIL. CENTRAL DEPOSITORY, INC. Page 5 B131AC PCIB Securities, Inc. Y HOUSE 46,100 8/F PCIB Tower 2, Dela Costa St., 1002 Y PSI FAO PRULI063 20,000 Total 66,100 B142AC DBP-Daiwa Securities (Phils.), Inc. Y FREE 1,000 18/F Citibank Tower 8741 Paseo de Roxas Total 1,000 B143AC DAVID GO SECURITIES CORP. Y HOUSE 1,000 Rm. 309 Federation Center Bldg. Muelle de Binondo, Binondo, Manila 1006 Total 1,000 B145AC DIVERSIFIED SECURITIES, INC. Y FREE 200 5/F PDCP Bank Centre Herrera cor. Alfaro Sts., Salcedo Village, Total 200 B147AC E. CHUA CHIACO SECURITIES, INC. Y HOUSE 4, Renta St., Binondo, Manila 1006 Total 4,200 B148AP EQUITABLE SECURITIES (PHILS.) INC. Y HOUSE 400 3/F Cacho-Gonzalez Bldg, Aguirre cor. Trasierra St, Legaspi Village

8 01-APR APR :20 PHIL. CENTRAL DEPOSITORY, INC. Page B148AP EQUITABLE SECURITIES (PHILS.) INC. 3/F Cacho-Gonzalez Bldg, Aguirre cor. Trasierra St, Legaspi Village 1229 Total 400 B149AC East West Capital Corporation Y HOUSE 4,540 2/F U-Bix Building 1331 Angono St., 1208 Total 4,540 B150AC EASTERN SECURITIES DEVELOPMENT CORPORATION Y HOUSE 5, Tytana Ctr. Bldg, Binondo, Manila 1006 Y NORTHWEST INSURA 10,000 Total 15,000 B154AC Evergreen Stock Brokerage & Sec., Inc. Y HOUSE 50,370 Rm. 606 Ayala Tower I Ayala Triangle, Ayala Ave. Total 50,370 B157AC FIRST ORIENT SECURITIES, INC. Y HOUSE 12,540 Unit 1201 Ayala Triangle Tower One Ayala Avenue,

9 01-APR APR :20 PHIL. CENTRAL DEPOSITORY, INC. Page 7 B157AC FIRST ORIENT SECURITIES, INC. Total 12,540 Unit 1201 Ayala Triangle Tower One Ayala Avenue, B161AC FRANCISCO ORTIGAS SECURITIES, INC. Y HOUSE 1,000 10/F Ortigas Building Ortigas Ave, Pasig City Total 1,000 B168AC Globalinks Securities & Stocks, Inc. Y HOUSE 5,940 # 706 Ayala Tower One Ayala Avenue Cor. Paseo de Roxas St. Total 5,940 B169AC JSG Securities, Inc. Y HOUSE 13,600 4th Floor, A&T Building, 244 Escolta Street, Binondo, Manila 1006 Total 13,600 B174AC HDI Securities, Inc. Y FREE /F, Ayala Tower I, Ayala Ave. Total 200 B175AC H. E. BENNETT SECURITIES, INC. Y HOUSE 5,540 Rm World Trade Exchange Bldg., 215 Juan Luna St., Binondo, Manila 1006

10 01-APR APR :20 PHIL. CENTRAL DEPOSITORY, INC. Page 8 B175AC H. E. BENNETT SECURITIES, INC. Rm World Trade Exchange Bldg., 215 Juan Luna St., Binondo, Manila 1006 Total 5,540 B179AC I. Ackerman & Co., Inc. Y HOUSE 7,000 Suite 705, Tower I Bldg. PSE Plaza, Ayala Triangle Ayala Ave., Total 7,000 B180AC I. B. GIMENEZ SECURITIES, INC. Y HOUSE A East Tower PSE Centre Exchange Road, Ortigas Centre, Pasig City Total 200 B182AC Imperial, De Guzman, Abalos & Co.,Inc. Y HOUSE 2,200 Greenfield Bldg.I 750 Shaw Blvd. Mandaluyong City 1552 Total 2,200 B183AC INTRA-INVEST SECURITIES, INC. Y FREE /F ACT Tower, 135 Sen. Gil Puyat Ave., Salcedo Vill., Total 200 B188AC J.M. Barcelon & Co., Inc. Y HOUSE 1,800 #34 Casa Nueva Townhomes, Manga Road, corner

11 01-APR APR :20 PHIL. CENTRAL DEPOSITORY, INC. Page 9 Balite Drive, New Manila, Quezon City 1100 B188AC J.M. Barcelon & Co., Inc. #34 Casa Nueva Townhomes, Manga Road, corner Balite Drive, New Manila, Quezon City 1100 Total 1,800 B192AC Strategic Equities Corp. Y FREE 49,950 Unit PSE Plaza, Tower I, Ayala Triangle, Ayala Ave., Total 49,950 B197AC Lopez, Locsin, Ledesma & Co., Inc. Y HOUSE 33,440 Room 702, Ayala Tower One, Ayala Avenue, Total 33,440 B198AC Lucky Securities, Inc. Y HOUSE 1,100 Unit 1402-B PSE Center Exchange Road, Ortigas Center Pasig City Total 1,100 B200AC Mandarin Securities Corporation Y HOUSE 4,000 28/F LKG Tower 6801 Ayala Ave. Total 4,000

12 01-APR APR :20 PHIL. CENTRAL DEPOSITORY, INC. Page 10 B203AC CITISECONLINE.COM, INC. Y HOUSE 4, A EAST TOWER, PSE CENTRE EXCHANGE ROAD, ORTIGAS CENTER PASIG CITY 1605 Total 4,420 B205AC Mercantile Securities Corp. Y HOUSE 21,800 20/F PDCP Bank Centre Paseo de Roxas Total 21,800 B206AC Meridian Securities, Inc. Y HOUSE 1,800 Suite 2702B&C Tektite Tower I Ortigas Centre, Pasig City Total 1,800 B208AC MDR Securities, Inc. Y HOUSE 12,100 Unit 1806, 8/F Medical Plaza Ortigas Bldg., Pasig City Total 12,100 B209AC Deutsche Regis Partners, Inc. Y AC CORPORATE 21,000 23/F Tower I, Ayala Triangle, Total 21,000

13 01-APR APR :20 PHIL. CENTRAL DEPOSITORY, INC. Page 11 B211AC New World Securities Co., Inc. Y HOUSE 200 Rm. 202 Fil-Am Resources Bldg. 231 Juan Luna St. Binondo, Manila 1006 Total 200 B215AC Optimum Securities Corporation Y HOUSE 2,000 No. 11 E. O. Bldg., United St. cor. 2nd St. Bo. Kapitolyo, Pasig City 1650 Total 2,000 B215AP Optimum Securities Corporation Y HOUSE 200 No. 11 E. O. Bldg., United St. cor. 2nd St. Bo. Kapitolyo, Pasig City 1650 Total 200 B217AC RCBC Securities, Inc. Y HOUSE 20,100 Unit 1008 Tower I & Exchange Plaza Ayala Avenue, Y CGPL 20,000 Y FREE 426,540 Total 466,640 B218AC Pan Asia Securities Corp. Y HOUSE 2, Tower One & Exchange Plaza Ayala Avenue, Total 2,000

14 01-APR APR :20 PHIL. CENTRAL DEPOSITORY, INC. Page 12 B219AC Papa Securities Corporation Y HOUSE 8,000 6/F, S & L Building Dela Rosa cor. Esteban Sts. Legaspi Village, Total 8,000 B220AC ATR Kim Eng Securities, Inc. Y CINSUL 600,000 17/F Tower One & Exchange Plaza, Ayala Triangle, Ayala Avenue Y FREE 237,640 Total 837,640 B225AC PREMIUM SECURITIES, INC. Y HOUSE 12,000 Unit 1415, Tower 1 & Exchange Plaza Ayala Avenue cor. Paseo de Roxas 1259 Total 12,000 B230AC QUALITY INVESTMENTS & SECURITIES CORPORATION Y HOUSE 12,200 Suite 1602 Tytana Plaza Oriente St, Binondo Manila 1006 Y ASIA TRADERS INS 4,000 Total 16,200 B233AC R. Coyiuto Securities, Inc. Y HOUSE 460,100 Penthouse, Prince Building, 117 Rada Street, Legaspi Vill., 0

15 01-APR APR :20 PHIL. CENTRAL DEPOSITORY, INC. Page 13 B233AC R. Coyiuto Securities, Inc. Penthouse, Prince Building, 117 Rada Street, Legaspi Vill., 0 Total 460,100 B235AC REGINA CAPITAL DEVELOPMENT CORPORATION Y HOUSE 325,940 Unit 806 Tower 1 & Exchange Plaza Ayala Triangle, Ayala Avenue Y FREE 4,000 Total 329,940 B236AC R. Nubla Securities, Inc. Y HOUSE 400 Room 604, Fil-Am Resources Bldg., 231 Juan Luna St., Binondo, Manila 1006 Total 400 B238AC R. S. Lim & Co., Inc. Y HOUSE 73, Galvani Street San Isidro, 1234 Total 73,600 B239AC RTG & COMPANY, INC. Y HOUSE 400 Unit 602 Tower 1 & Exchange Plaza Ayala Triangle, Total 400

16 01-APR APR :20 PHIL. CENTRAL DEPOSITORY, INC. Page 14 B240AC S.J. Roxas & Co.,Inc. Y HOUSE 3,600 Unit 612 Tower One, Ayala Triangle, Ayala Avenue, 0 Total 3,600 B246AC Summit Securities, Inc. Y FREE 4,180 Unit 2102 B/C PSE Center Tektite Tower East Exchange Road, Ortigas Center Pasig City Total 4,180 B246FC Summit Securities, Inc. Y FREE 260 Unit 2102 B/C PSE Center Tektite Tower East Exchange Road, Ortigas Center Pasig City Total 260 B247AC STANDARD SECURITIES CORPORATION Y HOUSE 6,000 #34 Jefferson St., GHW, San Juan Metro Manila 00 Total 6,000 B251AC TANSENGCO & CO., INC. Y HOUSE 8,140 U-2308 World Trade Exchange Condominium 215 Juan Luna St., Binondo, Manila 1006 Total 8,140 B252AC THE FIRST RESOURCES MANAGEMENT & SECURITIES CORP. Y HOUSE 20,440

17 01-APR APR :20 PHIL. CENTRAL DEPOSITORY, INC. Page 15 Rms , PSE Tower 1 Ayala Ave., cor. Paseo de Roxas,Ayala Triangle, B252AC THE FIRST RESOURCES MANAGEMENT & SECURITIES CORP. Rms , PSE Tower 1 Ayala Ave., cor. Paseo de Roxas,Ayala Triangle, Total 20,440 B253AC Tower Securities, Inc. Y HOUSE C Tektite Tower I Exchange Road, Ortigas Centre Pasig City Total 100 B259AC UCPB Securities, Inc. Y HOUSE 1,300 Suite 1612, 16/F Ayala Tower I Exchange Plaza, Ayala Ave. cor. Paseo de Roxas Total 1,300 B263AP Venture Securities, Inc. Y FREE 2,000 Unit 811 Tower One & Exchange Plaza Ayala Triangle Ayala Ave. cor. Paseo de Roxas Total 2,000 B266AC Vicsal Securities & Stock Brokerage,Inc. Y HOUSE 281, C. Palanca St., Quiapo,Manila 1001

18 01-APR APR :20 PHIL. CENTRAL DEPOSITORY, INC. Page 16 B266AC Vicsal Securities & Stock Brokerage,Inc. 658 C. Palanca St., Quiapo,Manila 1001 Total 281,800 B267AC FIRST METRO SECURITIES BROKERAGE CORPORATION Y HOUSE 99,990 Unit 1515, 15/F Ayala Tower One Ayala Triangle, Ayala Ave. cor Paseo de Roxas Y FREE 720,720 Total 820,710 B267AP FIRST METRO SECURITIES BROKERAGE CORPORATION Y HOUSE 5,780 Unit 1515, 15/F Ayala Tower One Ayala Triangle, Ayala Ave. cor Paseo de Roxas Total 5,780 B267FC FIRST METRO SECURITIES BROKERAGE CORP. Y FREE 300 Unit 1515, 15/F Ayala Tower One Ayala Triangle, Ayala Ave. cor Paseo de Roxas Total 300 B269AC Wealth Securities, Inc. Y HOUSE 2, PSE Centre, Exchange Road Ortigas Centre, Pasig City Y FREE 200 Total 2,200 B278AC Yu & Company, Inc. Y HOUSE 4,000

19 01-APR APR :20 PHIL. CENTRAL DEPOSITORY, INC. Page 17 Unit E 1606-B Tektite Tower 1 Exhange Road, Ortigas Center Pasig City B278AC Yu & Company, Inc. Unit E 1606-B Tektite Tower 1 Exhange Road, Ortigas Center Pasig City Total 4,000 B279AC BDO Securities Corporation Y HOUSE 747,170 27/F Tower I & Exchange Plaza Ayala Ave., Total 747,170 B279FC BDO Securities Corporation Y HOUSE 2,000 27/F Tower I & Exchange Plaza Ayala Ave., Total 2,000 B282AC PCCI SECURITIES BROKERS CORP. Y FREE 28,000 3/F PCCI Corporate Centre 118 Alfaro St, Salcedo Village 1227 Total 28,000 B283AC Eagle Equities, Inc. Y HOUSE 10, Kaimito St. Valle Verde II, Pasig City

20 01-APR APR :20 PHIL. CENTRAL DEPOSITORY, INC. Page 18 B283AC Eagle Equities, Inc. Total 10, Kaimito St. Valle Verde II, Pasig City B286AC SOLAR SECURITIES, INC. Y HOUSE 5,000 Unit 3002-A East Tower, Phil. Stock Exchange Centre, Exchange Road, Ortigas Complex, Pasig City 1605 Total 5,000 B288AC G.D. TAN & COMPANY, INC. Y HOUSE 200 Unit 2203-A East Tower, PSE Center Exchange Road, Ortigas Center, Pasig City Total 200 B323AC CLSA Philippines, Inc. Y FREE 5,900 Trafalgar Plaza, Unit 17-D, 105 H.V. dela Costa St., Salcedo Vill., 1227 Total 5,900 B323FC CLSA Philippines, Inc. Y FREE 1,000 Trafalgar Plaza, Unit 17-D, 105 H.V. dela Costa St., Salcedo Vill., 1227 Total 1,000 B338AC PHILIPPINE EQUITY PARTNERS, INC. Y CLIENT 62,000 Unit 19C Citibank Tower Citibank Plaza 8741 Paseo de Roxas

21 01-APR APR :20 PHIL. CENTRAL DEPOSITORY, INC. Page 19 B338AC PHILIPPINE EQUITY PARTNERS, INC. Y CLIENT2 6,000 Unit 19C Citibank Tower Citibank Plaza 8741 Paseo de Roxas Y INSULAR LIFE-TF 140,000 Total 208,000 B345AC UNICAPITAL Securities Inc. Y HOUSE 76,200 4F Majalco Bldg Benavidez cor Trasierra Sts Legaspi Vill., Y MAKATI SUPERMART 30,000 Total 106,200 B389AC King's Power Securities, Inc. Y HOUSE 400 RM 1602 FEDERAL TOWER DASMARINAS ST., BINONDO, MANILA 0 Total 400 BCDO20 Banco De Oro - Trust Banking Group Y HOUSE 186,000 17/F, South Tower, BDO Corporate Centre cor H.V. Dela Costa and Makati Avenue City Y TA# ,000 Total 196,000 CITI10 Citibank N.A. Y CITIOMNILOC 28,000 11/F Citibank Tower

22 01-APR APR :20 PHIL. CENTRAL DEPOSITORY, INC. Page 20 Villar corner Valero Sts., MM CITI10 Citibank N.A. 11/F Citibank Tower Villar corner Valero Sts., MM Total 28,000 HSBC20 The Hongkong and Shanghai Banking Corp. Ltd. -Clients' Acct. Y HOUSE 351,750 HSBC Securities Services 12th Floor, The Enterprise Center, Tower I 6766 Ayala Avenue corner Paseo de Roxas Total 351,750 NRCP10 NATIONAL REINSURANCE CORPORATION OF THE PHILIPPINES Y HOUSE 40,000 18th Floor, Philippine AXA Life Centre, Sen. Gil Puyat Ave., corner Tindalo St., Total 40,000 OOVV10 UCPB General Insurance Co., Inc. Y HOUSE 4,000 25th Floor, LKG Tower Ayala Avenue, Total 4,000 SCTD10 MBTC - TRUST BANKING GROUP Y HOUSE 238,000 5/F Metrobank Plaza Sen. Gil J. Puyat Ave.

23 01-APR APR :20 PHIL. CENTRAL DEPOSITORY, INC. Page 21 SCTD10 MBTC - TRUST BANKING GROUP 5/F Metrobank Plaza Sen. Gil J. Puyat Ave. Total 238,000 SSSI10 Social Security System Y HOUSE 600,000 SSS Bldg., East Ave., Diliman, Quezon City 0 Total 600,000 =============== Grand Total 11,705,360

24 *** End Of Report ***

557,925, JPSA GLOBAL SERVICES, INC. FILIPINO 3,340, PCD NOMINEE CORPORATION - NON-FILIPINO FILIPINO

557,925, JPSA GLOBAL SERVICES, INC. FILIPINO 3,340, PCD NOMINEE CORPORATION - NON-FILIPINO FILIPINO IREMIT GLOBAL REMITTANCE LIST OF TOP 100 STOCKHOLDERS AS OF December 31, 2007 Date Page : 12/31/2007 : 1 - STOCKHOLDER - RANK No. NAME CTZN TOTAL SHARES PERCENTAGE (%) 1 00001 PCD NOMINEE CORPORATION-FILIPINO