RL Commercial REIT, Inc.RCR

First Quarterly Progress Report on the Application of Proceeds from the Sale of Shares in RL Commercial REIT, Inc. via Secondary Offering

Quarterly progress report on the application of proceeds received from the sale of shares of Robinsons Land Corporation in RL Commercial REIT, Inc. via secondary offering for the period covering September 14 to September 30, 2021, including the report of RLC’s external auditor

As of September 30, 2021, the remaining balance of the proceeds from the secondary offering amounts to Twenty Billion Two Hundred Sixty-Three Million Two Hundred Ninety-One Thousand Seven Hundred Ninety-Six Pesos and 59/100 (₽20,263,291,796.59).

Project Name: SYNC - S Tower
Date of Disbursement: 9/14-23/2021
Amount: ₱42,227,077.48

Project Name: Bloomfields General Santos
Date of Disbursement: 9/15-30/2021
Amount: ₱2,142,662.98

Project Name: The Residences at The Westin Manila Sonata Place
Date of Disbursement: 9/15-24/2021
Amount: ₱5,030,369.63

Project Name: RP Dumaguete Expansion Phase 1
Date of Disbursement: 16/09/2021
Amount: ₱848,036.33

Project Name: Cebu Integrated Resort
Date of Disbursement: 9/16-30/2021
Amount: ₱176,637,323.58

Project Name: Galleria Residences - Tower 2
Date of Disbursement: 9/16-29/2021
Amount: ₱4,545,470.86

Project Name: Summit Hotel GenSan
Date of Disbursement: 9/17-30/2021
Amount: ₱13,773,815.68

Project Name: Iloilo Towers
Date of Disbursement: 17/09/2021
Amount: ₱37,223,461.91

Project Name: Galleria Residences - Tower 1
Date of Disbursement: 9/17-24/2021
Amount: ₱13,908,934.80

Project Name: Westin Sonata Hotel
Date of Disbursement: 9/20-30/2021
Amount: ₱16,353,426.99

Project Name: Brighton Bacolod
Date of Disbursement: 9/20-30/2021
Amount: ₱430,191.99

Project Name: Acacia Escalades - Building B
Date of Disbursement: 20/09/2021
Amount: ₱223,585.71

Project Name: Cirrus
Date of Disbursement: 20/09/2021
Amount: ₱1,229,934.01

Project Name: Sierra Valley Gardens - Building 1 and 2
Date of Disbursement: 20/09/2021
Amount: ₱124,854,910.71

Project Name: The Magnolia Residences - Tower D
Date of Disbursement: 20/09/2021
Amount: ₱1,423,150.60

Project Name: The Sapphire Bloc - East Tower
Date of Disbursement: 9/20-24/2021
Amount: ₱56,178,854.00

Project Name: Opus
Date of Disbursement: 24/09/2021
Amount: ₱127,678.57

Project Name: RP Gapan
Date of Disbursement: 24/09/2021
Amount: ₱4,650,700.70

Project Name: RP La Union
Date of Disbursement: 24/09/2021
Amount: ₱7,155,935.02

Project Name: "Summit Hotel Naga /
Go Hotels Naga"
Date of Disbursement: 24/09/2021
Amount: ₱1,911,354.34

Project Name: Montclair
Date of Disbursement: 24/09/2021
Amount: ₱55,691,381.25

Project Name: Gateway Regency Studios
Date of Disbursement: 24/09/2021
Amount: ₱3,824,927.13

Project Name: The Radiance Manila Bay - South Tower
Date of Disbursement: 24/09/2021
Amount: ₱5,806,927.95

Project Name: Robinsons DoubleDragon Corp.
Date of Disbursement: 29/09/2021
Amount: ₱6,946,785.65

SYNC-S Tower is part of a four (4) tower residential development that features a lifestyle retail wing and is located along C5 Bagong Ilog, Pasig.

Bloomfields General Santos is a 33-hectare residential development located in Brgy. Labangal, General Santos City.

The Residences at The Westin Manila Sonata Place (legal name Sonata Premier) is the first Westin-branded Residences in Southeast Asia.

Cebu Integrated Resort is a world-class integrated resort development in Cebu City envisioned to be the region's ultimate leisure and entertainment destination.

Grand Summit Gensan is the first 4-star hotel of Robinsons Land Corporation (RLC) and the newest lifestyle destination situated in General Santos City.

Galleria Residences Cebu Towers 1 and 2 are part of the three-tower residential component of the Robinsons Galleria Cebu Complex which consists of a full-service mall, hotel and office building.

Brighton Bacolod is a 22.4 hectare subdivision in Brgy. Estefania Bacolod City in Negros Islands.

Acacia Escalades is a mid-rise residential development located at the corner of Calle Industria and Amang Rodriguez, Brgy. Manggahan, Pasig City. The project comprises of two mid-rise buildings with commercial component.

Cirrus is a 42-storey mixed-use residential development in the premier township development, Bridgetowne East, located at Rosario, Pasig City.

Sierra Valley Garden - Buildings is the first phase of residential development in Sierra Valley Destination Estate located at the boundary of Cainta & Taytay, Rizal

The Magnolia Residences Tower D is part of the mixed-use development on what was the former Magnolia Ice Cream Plant in New Manila, Quezon City.

The Sapphire Bloc is a four-tower development that features a lifestyle retail podium located in Ortigas Center, Pasig City.

Summit and Go Naga is the newest landmark business conference hotel in Metropolitan Naga, located at the heart of Naga City’s CBD 3.

Montclair is the 200-hectare destination estate in Porac, Pampanga.

Gateway Regency Studios is the last residential tower at the EDSAPioneer mixed-use development offering studio units to urban professionals.

The Radiance Manila Bay - South Tower is one of the two-tower residential development that features a lifestyle retail wing located in Pasay City.

Robinsons DoubleDragon Corp. is an incorporated joint venture company between RLC and DoubleDragon Corp. The primary purpose is "to engage in realty development."

None.