Press Releases

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19 Sep 2003

AYALA CORP TO RECEIVE 63.375 MILLION NEW AYALA LAND COMMON SHARES

In a disclosure to the Securities and Exchange Commission and the Philippine Stock Exchange, Ayala Corporation announced that it will receive 63.375 million new common shares from Ayala Land, Inc. (ALI) in exchange for AC's conveyance to ALI of a 2,340 sq. m.

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28 Aug 2003

MANILA WATER COMPANY TO ISSUE NEW PREFERRED EQUITY SHARES TO AYALA

In a special meeting of the board of directors and stockholders of Manila Water Company ("MWC"), Ayala Corporation agreed to subscribe to P310 million in new preferred equity shares to be issued by MWC.

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19 Aug 2003

Teaching Science by Text and Satellite

The giant replica of the solar system still dangles from the ceiling of the science classroom but it is no longer the centerpiece of learning at Sero Central School in Cotabato City, Maguindanao.

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26 Jun 2003

AYALA CORPORATION DECLARES REGULAR CASH DIVIDEND

At the regular meeting of the Board of Directors of Ayala Corporation held today, 26 June 2003, the Board approved the declaration of a regular cash dividend of P 0.03 per share corresponding to the first semester ending 30 June 2003, to all outstanding shares of the Company's capital stock as of

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4 Jun 2003

MANILA WATER SIGNS US$30 MILLION LOAN WITH INTERNATIONAL FINANCE LTD.

Manila Water Company has signed a US$30 million loan agreement with World Bank's investment arm, International Finance Ltd. (IFC).

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