Ayala Land : Reinvestment Plan

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) Mar 23, 20222. SEC Identification Number 1527473. BIR Tax Identification No. 000-153-790-0004. Exact name of issuer as specified in its charter Ayala Land, Inc.5. Province, country or other jurisdiction of incorporation Makati City, Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office 31F Tower One and Exchange Plaza, Ayala Triangle, Ayala Avenue, Makati CityPostal Code12268. Issuer's telephone number, including area code [phone]. Former name or former address, if changed since last report N/A10. 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	14,700,395,599
Preferred Shares	13,066,494,759

11. Indicate the item numbers reported herein Item 9 - Other Matters

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 REIT-1 - Reinvestment Plan
References: Rule 4 of the IRR of the REIT Act of 2009 and
Sections 4 and 8 of the Amended PSE Listing Rules for REITS

Report Date

Mar 23, 2022

• InitialFiling
• Amend

Amendment No.:

1

Items amended by Filing

In view of the foregoing fortuitous events and following current regulations, Ayala Land hereby submits its amended Sponsor Reinvestment Plan, which provides for the investment of its net proceeds in commercial facilities, residential developments, and land comprising: One (1) office building in Metro Manila Six (6) residential developments located in Metro Manila, Laguna and Cebu and One (1) land parcel, located in Metro Manila All disbursements for such projects are still intended to be distributed within one year upon receipt of the proceeds from the sale of AREIT Shares. From the three (3) projects submitted last April 29, 2021, the amended reinvestment plan now covers eight (8) projects of Ayala Land and its affiliates. Detailed changes are as follows: The three original projects were removed from the list namely: 1. Trinoma Expansion 2. Evo City (Retail) 3. Glorietta and Greenbelt Refresh The eight new projects are listed below: 1. One Vertis Plaza 2. Arbor Lanes 3-5 3. Gardencourt 4. Andacillo 5. Orean Place T2 6. Manila Property 7. Avida Towers Riala T1-T5 8. Avida Towers Verge T1

Exact Name of REIT as Specified in its Charter	AREIT, Inc
Address of Principal Office	28/F Tower One and Exchange Plaza, Ayala Ave. Makati City
SEC Identification Number	CS200613870
BIR Identification Number	006-346-689
Name of REIT Corporation:	AREIT, Inc.
Reinvestment Plan Period:	Apr 30, 2021

A. Income-Generating Properties Transferred by the Sponsors/Promoters to the REIT

Name of Sponsor/Promoter	Description of Property Transferred	Certificate of Title of Property	Transfer Value of the Property to the REIT
N/A	-	-	-

B. Estimated Amount of Proceeds/Money to be Realized by the Sponsors/Promoters
I. From the Subsequent Sale of REIT shares or other securities issued in exchange for income-generating real estate transferred by the Sponsors/Promoters to the REIT

Name of Sponsor/Promoter	Estimated Amount of Proceeds
Ayala Land, Inc.	1,408,000,000

II. From the Sale of income-generating real estate to the REIT

Name of Sponsor/Promoter	Estimated Amount of Proceeds
N.A	-

C. The Reinvestment Projects
Description of the Real Properties/Infrastructure Projects subject of the Reinvestment Policy

Description of the Real Properties/ Infrastructure Projects	Location	Estimated Timing of Disbursement of the Money/ Proceeds for Reinvestment	Percentage of Completion as of the Date of the Reinvestment Plan	Type of Investment (Direct ownership, shareholding, etc.)
One Vertis Plaza	Quezon City	1Q 2022	49%	100% owned
Arbor Lanes 3-5	Taguig City	1Q 2022	57%	100% owned
Gardencourt	Taguig City	1Q 2022	6%	100% owned
Andacillo	Laguna	1Q 2022	57%	100% owned
Orean Place T2	Quezon City	1Q 2022	27%	100% owned
Manila Property	Manila City	1Q 2022	N/A	100% owned
Avida Towers Riala T1 - T5	Cebu	1Q 2022	84%	100% owned
Avida Towers Verge T1	Mandaluyong City	1Q 2022	59%	100% owned

Other Relevant Information

On 29 April 2021, Ayala Land submitted its Reinvestment Plan, covering a total of Pl,408 million (exclusive of fees and taxes) worth of proceeds from the sale of AREIT shares. From 29 April 2021 to the end of the fourth quarter of 2021, Ayala Land has not disbursed any amount from the proceeds. Ayala Land intends to use proceeds received from the sale of the AREIT shares to fund ongoing and future investments in real estate properties in Metro Manila, Laguna, and Cebu, which Ayala Land may undertake on its own or through other subsidiaries (each an "Ayala Land Subsidiary'")- The transfer of funding from Ayala Land to the relevant Ayala Land Subsidiary may be through a capital infusion or shareholder financing. In either case, the relevant documentary stamp taxes will be paid by the appropriate party, subject to their agreement.

Filed on behalf by:

Name	Michael Blase Aquilizan
Designation	Manager