RL Commercial REIT, Inc.RCR

First Quarterly Progress Report on the Application of Proceeds from Block Placement of 1,725,995,000 RL Commercial REIT, Inc. (RCR) Shares

Quarterly progress report on the application of proceeds received from the block placement of RCR shares for the period covering April 11, 2024, to June 30, 2024, including the report of RLC’s external auditor.

As of June 30, 2024, the remaining balance of the proceeds from the block placement of RCR shares amounts to Six Billion Three Hundred Thirteen Million Eight Hundred Fifteen Thousand Nine Hundred Four Pesos and 32/100 (₽6,313,815,904.32).

Project Name: Robinsons Pagadian
Date of Disbursement: 4/11/2024 - 6/10/2024
Amount: ₱41,146,717.69

Project Name: Iloilo Towers
Date of Disbursement: 4/11/2024 - 6/24/2024
Amount: ₱210,067,062.86

Project Name: The Sapphire Bloc
Date of Disbursement: 4/11/2024 - 6/24/2024
Amount: ₱152,287,041.28

Project Name: The Residences at The Westin Manila Sonata Place
Date of Disbursement: 4/11/2024 - 6/24/2024
Amount: ₱62,207,081.03

Project Name: Opus Mall
Date of Disbursement: 4/11/2024 - 6/27/2024
Amount: ₱97,236,852.93

Project Name: Galleria Residences Cebu
Date of Disbursement: 4/11/2024 - 6/28/2024
Amount: ₱74,587,064.38

Project Name: Aurora Escalades Tower
Date of Disbursement: 4/11/2024 - 6/28/2024
Amount: ₱30,186,253.33

Project Name: Amisa Private Residences
Date of Disbursement: 4/12/2024 - 6/24/2024
Amount: ₱47,101,511.89

Project Name: GBF Towers
Date of Disbursement: 4/12/2024 - 6/28/2024
Amount: ₱114,824,130.13

Project Name: Woodsville Crest
Date of Disbursement: 4/16/2024 - 6/10/2024
Amount: ₱121,431,191.80

Project Name: Bridgetowne
Date of Disbursement: 4/16/2024 - 6/20/2024
Amount: ₱108,355,421.53

Project Name: Robinsons Dumaguete Expansion
Date of Disbursement: 4/16/2024 - 6/26/2024
Amount: ₱118,931,015.09

Project Name: Forum Redevelopment
Date of Disbursement: 4/18/2024
Amount: ₱4,100,619.81

Project Name: Mantawi Residences
Date of Disbursement: 4/18/2024 - 6/13/2024
Amount: ₱29,347,712.87

Project Name: Jewel
Date of Disbursement: 4/18/2024 - 6/24/2024
Amount: ₱153,866,576.24

Project Name: Robinsons Manila Redevelopment
Date of Disbursement: 4/19/2024 - 6/21/2024
Amount: ₱18,622,214.86

Project Name: RLX Calamba
Date of Disbursement: 4/22/2024 - 5/31/2024
Amount: ₱191,095,604.30

Project Name: Le Pont Residences
Date of Disbursement: 4/22/2024 - 6/28/2024
Amount: ₱252,315,465.01

Project Name: Robinsons Bacolod Redevelopment
Date of Disbursement: 4/24/2024 - 5/13/2024
Amount: ₱5,628,944.41

Project Name: Robinsons Antipolo Expansion
Date of Disbursement: 4/24/2024 - 6/18/2024
Amount: ₱4,297,437.64

Project Name: Gateway Regency Studios
Date of Disbursement: 4/24/2024 - 6/24/2024
Amount: ₱8,666,829.49

Project Name: RLX San Fernando
Date of Disbursement: 4/25/2024 - 4/29/2024
Amount: ₱39,290,109.18

Project Name: Montclair
Date of Disbursement: 4/26/2024 - 6/07/2024
Amount: ₱19,008,721.68

Project Name: RLX Montclair
Date of Disbursement: 4/29/2024 - 5/20/2024
Amount: ₱53,064,152.04

Project Name: Sierra Valley
Date of Disbursement: 5/20/2024 - 6/21/2024
Amount: ₱68,847,799.11

Project Name: RLX Mexico
Date of Disbursement: 6/10/2024
Amount: ₱7,600,404.20

Robinsons Pagadian is a lifestyle center located at Pagadian City, Zamboanga Del Sur.
Iloilo Towers is an office development of RLC in Iloilo located at Barangay Ungka, Pavia, Iloilo.
The Sapphire Bloc is a four-tower development that features a lifestyle retail podium located in Ortigas Center, Pasig City.
The Residences at The Westin Manila Sonata Place (legal name Sonata Premier) is the first Westin-branded Residences in Southeast Asia.
Opus is a luxury lifestyle center in Bridgetowne Destination Estate.
Galleria Residences Cebu is the residential component of the Robinsons Galleria Cebu Complex which consists of a full-service mall, hotel and office building.
Aurora Escalades Tower is a residential project located in Quezon City.
Amisa Private Residences is a residential project located in Mactan, Cebu.
GBF Towers are office developments.
Woodsville Crest is a residential project located in Parañaque City.
Bridgetowne is a mixed-use development.
Robinsons Dumaguete Expansion is an expansion development of RLC's lifestyle center located in Dumaguete City, Negros Oriental.
Forum Redevelopment is a lifestyle center located in Mandaluyong City.
Mantawi Residences is a residential project located in Mandaue City.
Jewel is an office development in Mandaluyong City.
Robinsons Manila Redevelopment is a redevelopment of the existing mall located in the City of Manila.
RLX Calamba is an industrial facility in Calamba City, Laguna.
Le Pont Residences is a residential project located in Quezon City.
Robinsons Bacolod Redevelopment is a redevelopment of the existing mall located in Bacolod City, Negros Occidental
RP Antipolo Expansion is an expansion of the existing mall.
Gateway Regency Studios is the last residential tower at the EDSA Pioneer mixed-use development offering studio units to urban professionals.
RLX San Fernando is an industrial facility in San Fernando City, Pampanga.
Montclair is the destination estate in Porac, Pampanga.
RLX Montclair is an industrial facility in Porac, Pampanga.
Sierra Valley is a destination estate.
RLX Mexico is an industrial facility in Mexico, Pampanga.

None.