Ayala Land, ALLHC and AREIT Honored with Golden Arrow Awards for Excellence in Corporate Governance

Ayala Land, Inc. (ALI) was recognized for its corporate governance excellence and named as one of the
top-performing Philippine publicly listed companies (PLCs) based on the 2023 ASEAN Corporate
Governance Scorecard (ACGS) by the Institute of Corporate Directors. ALI received the 4-Golden Arrow
recognition.

ALI subsidiaries, AyalaLand Logistics Holdings Corp. (ALLHC) and AREIT, Inc. also received 4-Golden
Arrows and 3-Golden Arrows, respectively, at the 2024 ACGS Golden Arrow Awards Night at Manila
Marriot Hotel last September 19, 2024.

The award, given by the Institute of Corporate Directors (ICD), highlights companies that demonstrate
transparency, accountability, and responsible management practices. The ACGS serves as a vital tool for
evaluating and ranking PLCs across six participating ASEAN countries. This initiative, led by the ASEAN
Capital Markets Forum (ACMF) in partnership with the Asian Development Bank, aims to enhance
corporate governance standards and practices among ASEAN PLCs.

The Golden Arrow is awarded to companies that achieved a score of at least 80 points in the ACGS
Assessments, and have exhibited observable conformance with the Philippine Code of Corporate
Governance and internationally recommended corporate governance practices as espoused by the
ACGS. There are five ascending levels of performance with corresponding scores that will identify the
number of golden arrows.

Ayala Land strengthens its corporate governance policies and aligns its practices with best-in-class
regional and global standards. The company has been consistently recognized based on the ASEAN
Corporate Governance Scorecard. Ayala Land also received the highest 5-Golden Arrow award at the
previous year’s ACGS ceremony, with ALLHC achieving the 3-Golden Arrows level. AREIT, also received
the 2-Golden Arrows recognition.

Ayala Land VP, Chief Legal Officer and Asst. Corporate Secretary Atty. Milette Asuncion-Arnedo receives the award for Ayala Land at the ASGS Golden Arrow Awards

ALLHC Chief Operating Officer Patrick C. Avila receives the award for ALLHC at the ASGS Golden Arrow Awards

AREIT Head of Legal and Chief Compliance Officer Atty. Florence Therese Martirez-Cruz receives the award for AREIT at the ASGS Golden Arrow Awards