AREIT Raises P489 Million from Share Sale

Ayala Land, Inc. (ALI) sold an aggregate of 12,000,000 common shares (“Offer Shares”) of AREIT, Inc. (AREIT) at a transaction price of P40.78 per share, equivalent to P489,360,000.00 (exclusive of fees and taxes) pursuant to the terms and conditions of the Terms of Sale (the “Terms of Sale”) with UBS AG Singapore Branch.

The Offer Shares were offered and sold outside the United States in reliance on Regulation S under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), and within the United States to qualified institutional buyers as defined in, and in reliance on, Rule 144A under the U.S. Securities Act.

The sale of the Offer Shares is exempt from the registration requirements of the SRC, and was not registered with the Philippine Securities and Exchange Commission (the “Philippine SEC”) under the SRC. Any future offer or sale of the Offer Shares by the buyers thereof in the Philippines is subject to the registration requirements of the SRC unless such offer or sale qualifies as an exempt transaction in accordance with the applicable requirements of the SRC.

The proceeds from the block sale shall be settled on July 07, 2025, subject to the terms and conditions of the Terms of Sale. ALI will submit the required Reinvestment Plan detailing the use of proceeds obtained from the block sale in due course.