RL Commercial REIT : Reinvestment Plan Progress Report

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RL Commercial REIT, Inc.RCR PSE Disclosure Form REIT-2 - Reinvestment Plan Progress Report
Reference: Section 6 of the Amended PSE Listing Rules for REITS

• Annual Report
• Quarterly Report

Subject of the Disclosure

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

Background/Description of the Disclosure

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 as of and for the quarter ending March 31, 2022, including the report of RLC's external auditor.

Update or Status of the Reinvestment Plan

As of March 31, 2022, the remaining balance of the proceeds from the secondary offering amounts to Twelve Billion Three Hundred Eleven Million One Hundred Seventy-Two Thousand Two Hundred Ninety-Three and 72/100 (P12,311,172,293.72).

Summary of Transactions Involving Real Estate and/or Infrastructure Projects for the Period

Project Name: Brighton Bacolod Date of Disbursement: 02/16/2022 Amount: P148,500.00 Project Name: RLX San Fernando Date of Disbursement: 03/28/2022 Amount: P63,500,000.00 Project Name: GBF 1 & 2 Date of Disbursement: 01/03/2022-03/28/2022 Amount: P290,136,167.90 Project Name: NuStar Hotel and Mall (Cebu Integrated Resort) Date of Disbursement: 01/03/2022-03/31/2022 Amount: P1,168,007,142.01 Project Name: "Summit Hotel Naga / Go Hotels Naga" Date of Disbursement: 01/04/2022-03/28/2022 Amount: P12,172,614.10 Project Name: Iloilo Towers Date of Disbursement: 01/06/2022-03/28/2022 Amount: P120,207,946.35 Project Name: SYNC - S Tower Date of Disbursement: 01/06/2022-03/30/2022 Amount: P132,726,891.22 Project Name: Cirrus Date of Disbursement: 01/06/2022-03/30/2022 Amount: P88,470,675.25 Project Name: Sierra Valley Gardens - Building 1 and 2 Date of Disbursement: 01/06/2022-03/30/2022 Amount: P31,530,057.46 Project Name: Grand Tierra Ph2 Date of Disbursement: 01/10/2022-03/14/2022 Amount: P6,098,245.12 Project Name: Land acquisitions (Visayas/Mindanao) Date of Disbursement: 01/10/2022-03/15/2022 Amount: P477,319,705.36 Project Name: Springdale Angono (SPA2) Date of Disbursement: 01/10/2022-03/16/2022 Amount: P7,506,048.01 Project Name: Summit Hotel GenSan Date of Disbursement: 01/10/2022-03/21/2022 Amount: P38,464,254.52 Project Name: The Magnolia Residences - Tower D Date of Disbursement: 01/10/2022-03/21/2022 Amount: P4,035,901.62 Project Name: The Residences at The Westin Manila Sonata Place Date of Disbursement: 01/10/2022-03/28/2022 Amount: P44,393,857.23 Project Name: Galleria Residences - Tower 2 Date of Disbursement: 01/10/2022-03/28/2022 Amount: P27,683,003.14 Project Name: Galleria Residences - Tower 1 Date of Disbursement: 01/10/2022-03/28/2022 Amount: P14,539,032.24 Project Name: Acacia Escalades - Building B Date of Disbursement: 01/10/2022-03/28/2022 Amount: P12,627,150.78 Project Name: Opus Date of Disbursement: 01/10/2022-03/28/2022 Amount: P207,640,300.96 Project Name: Galleria Residences - Tower 3 Date of Disbursement: 01/10/2022-03/30/2022 Amount: P42,552,562.29 Project Name: Gateway Regency Studios Date of Disbursement: 01/10/2022-03/31/2022 Amount: P42,455,930.44 Project Name: RP Antipolo Expansion Date of Disbursement: 01/17/2022-03/28/2022 Amount: P28,115,816.33 Project Name: RP Gapan Date of Disbursement: 01/17/2022-03/28/2022 Amount: P78,265,321.63 Project Name: Montclair Date of Disbursement: 01/17/2022-03/28/2022 Amount: P214,148,645.92 Project Name: RP Dumaguete Expansion Phase 1 Date of Disbursement: 01/24/2022-03/01/2022 Amount: P7,595,661.33 Project Name: Southsquare Village Date of Disbursement: 01/24/2022-03/21/2022 Amount: P6,070,965.37 Project Name: Westin Sonata Hotel Date of Disbursement: 01/24/2022-03/21/2022 Amount: P76,374,156.09 Project Name: The Sapphire Bloc - East Tower Date of Disbursement: 01/24/2022-03/28/2022 Amount: P149,472,605.40 Project Name: The Radiance Manila Bay - South Tower Date of Disbursement: 01/25/2022-03/01/2022 Amount: P4,692,361.42 Project Name: RP La Union Date of Disbursement: 01/31/2022-03/21/2022 Amount: P19,849,976.23 Project Name: Bridgetowne Complex Date of Disbursement: 01/31/2022-03/28/2022 Amount: P32,698,204.92 Project Name: Bloomfields General Santos Date of Disbursement: 02/10/2022-02/14/2022 Amount: P1,723,851.06 Project Name: Land acquisitions (various locations) Date of Disbursement: 02/11/2022-03/25/2022 Amount: P1,175,889,600.00 Project Name: RLX Calamba Date of Disbursement: 02/18/2021-03/10/2022 Amount: P83,001,914.29

Description of Real Estate Assets and/or Infrastructure Projects for the Period

RLX San Fernando is an industrial facility in Pampanga. Grand Tierra Ph2 is a residential project. Land acquisitions in Visayas/Mindanao. Bridgetowne Complex is a mixed-use development. RLX Calamba is an industrial facility in Laguna. For other projects, please refer to the descriptions per previous quarterly filing.

Other Relevant Information

None.

Filed on behalf by:

Name	Matias Raymundo
Designation	CFO