Rockwell Land Corporation will undertake a consent solicitation exercise for the amendment of the Bond Trust Indenture of its PHP 5 billion, 5.0932% p.a. Seven -Year and One-Quarter Fixed Rate Bonds (Bonds), from Bondholders on record as of 5:00 p.m. (Philippine time) on May 22, 2020. The proposed amendment is the removal of the Deb Service Coverage Ratio (DSCR) financial covenant stipulated in the Bond Trust Indenture date November 4, 2013. This will align the Bonds's financial covenants with the Company's other existing debt facilities which are less restrictive and do not have such as DSCR requirement.