Ayala Land, Inc. announced at board meeting held on November 24, 2022, approved the promotion of the following officers as endorsed by its Corporate Governance and Nomination Committee: Anna Ma. Margarita Bautista Dy as Executive Vice President; Jose C. Platero, Jr., Alfonso Javier D. Reyes, and Ma. Clavel G. Tongco as Vice Presidents, with effect from January 1, 2023.

May P. Rodriguez as Vice President, with effect from December 1, 2022. Anna Ma. Margarita Bautista Dy, Filipino, 53, is a Senior Vice President from January 1, 2015 until December 31, 2022 and a member of the Management Committee of Ayala Land, Inc. (ALI) since August 2008.

She is the Head of the Residential Business Group of ALI effective July 1, 2022. Her other significant positions are: Chairman and President of Avida Land Corp., AKL Properties, Inc., and Taft Punta Engaño Property, Inc.; Chairman of Amaia Southern Properties, Inc., Ayala Land International Sales, Inc., AyalaLand Premier, Inc., Bonifacio Estate Services Corporation and Solinea, Inc.; Director and President of ALI Eton Property Development Corporation, Alveo Land Corporation, Amaia Land Corp. and Bellavita Land Corp.; Director and Executive Vice President of Bonifacio Land Corp.; Trustee and Treasurer of Bonifacio Arts Foundation Inc.; Director of Anvaya Cove Golf and Sports Club, Inc., Fort Bonifacio Development Corp., Accendo Commercial Corp., Altaraza Development Corporation, AmicaSSa Process Solutions, Inc., Amorsedia Development Corporation, Berkshires Holdings, Inc., Buendia Landholdings, Inc., Cagayan De Oro Gateway Corp., Aurora Properties, Inc., Ceci Realty, Inc., Vesta Properties, Inc., Columbus Holdings, Inc., Emerging City Holdings, Inc., HLC Development Corporation, Lagdigan Land Corporation, Soltea Commercial Corp., NuevoCentro, Inc., and Ayala Property Management Corp.; and Trustee of Alagang Ayala Land Foundation, Inc. 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. Jose C. Platero, Jr., Filipino, 56, is the Head of Corporate Finance and Procurement Group of Makati Development Corporation.

He is the Director of MDC Conqrete, Inc. and MDC Equipment Solutions, Inc.; Director, Treasurer and Chief Finance Officer of Makati Development Corporation and MDC Buildplus, Inc.; and Director and Treasurer of Amaia Southern Properties, Inc. and MDBI Construction Corp. He obtained a Bachelor of Science degree in Business Administration Major in Accounting from Philippine School of Business Administration in 1988. Alfonso Javier D. Reyes, Filipino, 53, is the Chief Operating Officer of Fort Bonifacio Development Corporation.

He is the Chairman, President and Chief Executive Officer of ALI Capital Corp., DirectPower Services, Inc. and Airswift Transport, Inc.; Director and President of WhiteKnight Holdings, Inc. and AyalaLand Medical Facilities Leasing, Inc.; Director of Crescent West Development Corporation, Capital Consortium, Inc., SIAL CVS Retailers, Inc. and SIAL Specialty Retailers, Inc.; and Trustee of Bonifacio Global City Estate Association, Inc. He graduated cum laude from the University of the Philippines with BS of Industrial Engineering degree in 1992 and a Masters in Finance degree from London Business School in 2000. May P. Rodriguez, Filipino, 51, has been with Ayala Land, Inc. group for 28 years. She is currently the Director and President of AmicaSSa Process Solutions, Inc. and a Director and Chief Operating Officer of Bellavita Land Corp.

She obtained a Bachelor of Science degree in Business Administration and Accountancy from University of the Philippines, Diliman in 1993 and a Masters in Computational Finance degree from De La Salle University in 2003. Ms. Rodriguez is a Certified Public Accountant. Ma.

Clavel G. Tongco, Filipino, 55, is the Head of Ayala Malls Operations Group. Her other significant positions are: Chairman and President of Primavera Towncentre, Inc. and Arvo Commercial Corporation; Director of Cagayan de Oro Gateway Corp., North Beacon Commercial Corporation, North Eastern Commercial Corp., AyalaLand Malls, Inc., AyalaLand Malls Vismin, Inc., AyalaLand Malls Northeast, Inc., Cebu Leisure Company, Inc., Subic Bay Town Center, Inc., Station Square East Commercial Corporation and North Ventures Commercial Corp.; and Director and President of Capitol Central Commercial Ventures Corp. She holds a Bachelor of Science degree in Commerce Major in Accounting at University of San Jose Recoletos in 1986.

Ms. Tongco is a Certified Public Accountant.