Ayala Land, Inc. informed that Mr. Bernard Vincent O. Dy, with the approval of Board of Directors, has formally retired from Ayala Land, Inc. and consequently, resigned from his post as Director, President of the Company effective end of day of September 30, 2023. Mr. Dy has been the Company's President and CEO since April 7, 2014. At the special meeting held September 4, 2023, Board elected Ms. Anna Ma.

Margarita Bautista-Dy as Director, President, and member of the Executive Committee and Sustainability Committee effective October 1, 2023, for the unexpired term of Mr. Dy, as endorsed by Corporate Governance and Nomination Committee. Anna Ma. Margarita Bautista-Dy, Filipino, 54, has served as the Company's Executive Vice President since January 1, 2023 and Chief Operating Officer since April 26, 2023.

She has been a member of the Company's Management Committee since August 2008. Ms. Dy also serves as the Chairman of AREIT, Inc.; Head of the Residential Business Group and the Malls Group of the Company; and director and officer of various companies within the ALI Goup. She headed the Company's Strategic Landbanking Group for several years.

Prior to joining ALI, she was a Vice President of Benpres Holdings Corporation. She graduated magna cum laude from Ateneo De Manila University with BS of Arts Degree in Economics Honors Program in 1990. She earned her Master's degree in Economics from London School of Economics and Political Science in 1991 and MBA at Harvard Graduate School of Business Administration in Boston in 1996.