Ownership Structure

The Company has a transparent ownership structure. It annually discloses the top 20 holders of the common equity securities of the Company. In addition, disclosure of the security ownership of certain record and beneficial owners owning more than five percent as well as of directors and management is made annually. This information is also contained in the Definitive Information Statement sent to shareholders.

Title of Class Name, address of Record Owner Name of Beneficial Owner No. of Shares Held Percent
Common Ayala Land, Inc.
31/F Tower One Bldg. Ayala Ave. , Makati City
Ayala Land, Inc. 907,350,833 47.26%
Common BPI Capital Corporation
8/F BPI Bldg. 6768 Ayala Ave. , Makati City
BPI Capital Corporation 295,499,857 15.39%
Common First Metro Investment Corporation
45/F G.T. Tower International, Ayala Ave. cor. H.V. Dela Costa St. , Makati City
First Metro Investment Corporation 227,130,364 11.83%
Common PCD Nominee Corp. (Non-Filipino)
G/F MSE Bldg. Ayala Ave. , Makati City
Aberdeen Asset Management Asia Limited 221,558,000 11.54%
Common PCD Nominee Corp. (Filipino)
G/F MSE Bldg. Ayala Ave. , Makati City
PCD participants acting for themselves or for their customers 162,431,099 8.46%

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The 2011 Regular Annual Stockholders' Meeting.