NOTICE

Subject	RL Commercial REIT, Inc.: Initial Public Offering - Release of Shares under Lock-Up
Company Name	RL Commercial REIT, Inc.

Security Details
Type of Security	Stock Symbol	Par Value
Common Shares	RCR	Php 1.00

Reference(s)	LN00209-2021 dated September 10, 2021
Type of Transaction(s)	Initial Public Offering

Lock-up Details
Duration of Lock-up	365 days
Applicable Lock-up Rule	Article III, Part D, Section 2 of the Consolidated Listing and Disclosure Rules, as amended
Escrow Agent	Rizal Commercial Banking Corporation – Trust and Investments Group
Date of Execution of Escrow Agreement	Aug 20, 2021

Details of the Mandatory Lock-up
Name of Shareholder	No. of Shares	Stock Symbol	Percentage
Robinsons Land Corporation	6,316,584,573	RCR	63.49
Frederick D. Go	2	RCR	-
Kerwin Max S. Tan	2	RCR	-
Lance Y. Gokongwei	2	RCR	-
Jericho P. Go	2	RCR	-
Artemio V. Panganiban	2	RCR	-
Wilfredo Paras	2	RCR	-
Cesar Luis F. Bate	2	RCR	-

Details of the Voluntary Lock-up (if applicable)
Name of Shareholder	No. of Shares	Stock Symbol	Percentage
-	-	-	-

Total Shares to be Released from Lock-up
Stock Symbol	No. of Shares
RCR	6,316,584,587

Expiry of Lock-up	Sep 14, 2022
Effective Date of Tradability of the Shares	Sep 15, 2022

Other Relevant Information
As previously announced in LN00209-2021 dated September 10, 2021, in view of RL Commercial REIT, Inc.’s (“RCR” or the “Company”) compliance with the lock-up requirement of the Exchange, 6,301,030,187 common shares were subject to a lock-up period of 365 days assuming that the Over-Allotment Option have been fully exercised. After the stabilization period, the Company certified that 15,554,400 over-allotment secondary common shares held by Robinsons Land Corporation (“RLC”) were not exercised, hence, shall be locked-up for 365 days. In a letter dated September 2, 2022, Rizal Commercial Banking Corporation – Trust and Investments Group (the “Escrow Agent”) informed the Exchange that the lock-up period for the 6,316,584,587 shares held by RLC and its nominee directors will end on September 14, 2022. The foregoing is in accordance with the Escrow Agreement executed by the Company, the Escrow Agent and the above-mentioned shareholders on August 20, 2021. In view thereof, the 6,316,584,587 RCR common shares that were held in escrow will be eligible for trading on September 15, 2022, subject to the Company’s compliance with the Exchange’s Rules on Lodgment of Securities. For your information and guidance.

Other Relevant Information

As previously announced in LN00209-2021 dated September 10, 2021, in view of RL Commercial REIT, Inc.’s (“RCR” or the “Company”) compliance with the lock-up requirement of the Exchange, 6,301,030,187 common shares were subject to a lock-up period of 365 days assuming that the Over-Allotment Option have been fully exercised.

After the stabilization period, the Company certified that 15,554,400 over-allotment secondary common shares held by Robinsons Land Corporation (“RLC”) were not exercised, hence, shall be locked-up for 365 days.

In a letter dated September 2, 2022, Rizal Commercial Banking Corporation – Trust and Investments Group (the “Escrow Agent”) informed the Exchange that the lock-up period for the 6,316,584,587 shares held by RLC and its nominee directors will end on September 14, 2022. The foregoing is in accordance with the Escrow Agreement executed by the Company, the Escrow Agent and the above-mentioned shareholders on August 20, 2021.

In view thereof, the 6,316,584,587 RCR common shares that were held in escrow will be eligible for trading on September 15, 2022, subject to the Company’s compliance with the Exchange’s Rules on Lodgment of Securities.

For your information and guidance.

Filed on behalf by:

Name	Norberto Moreno Jr.
Designation	Listings Department