Reinvestment Plan

In view of the COVID-19 pandemic, the different community quarantines along with the various government restrictions affecting movement of persons and business operations, RLC was constrained to make adjustments and change the order of priorities of projects in order to optimize its expenditures. Robinsons Land Corporation hereby submits its First Amended Sponsor Reinvestment Plan in Connection with the Offer of RL Commercial REIT, Inc. (RCR) of Secondary Offer of up to 3,342,864,000 Common Shares, With an Over-Allotment Option of up to 305,103,000 Common Shares Offer Price of P6.45 per Offer Share. Changes are as follows:

Projects that were removed from the list:
1. Bridgetowne Hotel
2. Go Hotels Tuguegarao
3. Nizanta at Ciudades
4. Bacoor R&F Land Corporation

Projected disbursements for the following projects were reduced:
1. Pasig City (Land Acquisition)
2. Brighton Bacolod
3. Shang Robinsons Properties, Inc.
4. Brighton Agono (BTPA)
5. The Radiance Manila Bay - South Tower
6. Opus
7. Gateway Regency Studios
8. Sierra Valley
9. Galleria Residences - Tower 2
10. The Magnolia Residences - Tower D
11. Bridgetowne Complex
12. Springdale Angono (SPA 1 &2)
13. RP Dumaguete Expansion Phase 1
14. Summit Hotel GenSan
15. The Residences at The Westinal Manila Sonata Place
16. RLX Calamba
17. Cirrus
18. North Luzon / Central Luzon (Land Acquisition)
19. Visayas / Mindanao (Land Acquisition)
20. Cavite / Laguna / Batangas / Rizal / Quezon (Land Acquisition)
21. Integrated Development (Land Acquisition)

Project disbursements for the following projects were increased:
1. RP Gapan
2. Terrazo at Robinsons Vineyard
3. Grand Tierra Ph 2
4. RLX Mexico
5. Southsquare Village
6. Galleria Rresidences - Tower 3
7. Bloomfields General Santos
8. Westin Sonata Hotel
9. Acacia Escalades - Building B
10. Galleria Residences - Tower 1
11. Summit Hotel Naga / Go Hotels Naga
12. RLX San Fernando
13. RP La Union
14. RP Antipolo Expansion
15. GBF 1 & 2
16. Montclair
17. Sierra Valley Gardens - Building 1 and 2
18. The Sapphire Bloc - East and South Towers
19. SYNC - S and Y Towers
20. Iloio Towers
21. NUSTAR Hotel and Mall
22. NCR: Makati / Mandaluyong / Quezon / San Juan City (Land Acquisition)

Robinsons Land Corporation was added as disbursing entity for the following projects:
1. Bridgetowne Complex
2. Sierra Valley
3. RLX Calamba
4. RLX San Fernando
5. Montclair
6. RLX Mexico

On August 20, 2021, RLC submitted its Reinvestment Plan covering a total of approximately PhP22.82 Billion net proceeds from the sale of Offer Shares after deducting the fees and expenses related to listing and stabilization activities. In view of the COVID-19 pandemic, the different community quarantines along with the various government restrictions affecting movement of persons and business operations, RLC was constrained to make adjustments and change the order of priorities of projects in order to optimize its expenditures.

In view of the foregoing unforeseen events and following current regulations, RLC hereby submits its Amended Reinvestment Plan which provides for the investment of the net proceeds in building and property development and land. The Amended Reinvestment Plan covers different projects lined-up for RLC. RLC will disburse the amount RLC is required to reinvest from the net proceeds of the sale of the Offer Shares to any of the projects enumerated in the Amended Reinvestment Plan. All disbursements for such projects are intended to be distributed within one (1) year from receipt of the proceeds from the secondary offer of RCR shares and any money raised by RLC from the sale of income-generating real estate to RCR.