FIGURES IN PHILIPPINE PESOS, EXCEPT % AND SHS O/S

CAPITAL MEASURES

Listing at the Philippine Stock Exchange                 November 8, 1976

Declassification of Class A and B shares                November 5, 1997

50:1 Reverse Stock Split                                        May 30, 2005

Ayala Corporation (Bloomberg AC:PM; Reuters AC:PS) listed in the Philippine Stock Exchange in 1976. From 2018 to 2021, Ayala’s stock price declined by 18.1% to ₱831.0 apiece as the effects of the global pandemic impacted the Philippine economy and the strength of the market. However, since the trough in March 2020, the health situation in the country improved, materializing as well in the rebound in Ayala’s share price. Its market capitalization ending at ₱515 billion in 2021. Ayala as of end-2021 accounted for 5% of the market capitalization of the PSE Composite Index.

Independent analysts of local and international brokerage houses follow Ayala’s stock and financial performance. The list below includes analysts known to cover the company on a regular basis and may change as firms adjust their areas of coverage.

Please note that this list is provided for information only and is not intended for trading purposes or advice. Any opinions, forecasts, estimates, projections or predictions regarding Ayala’s performance made by these analysts are theirs alone and do not represent the opinions forecasts, estimates, projections, or predictions of Ayala or its management. In addition, Ayala does not imply its endorsement of or concurrence with such reports, conclusions or recommendations.