• Source: REIT Plan. Page 70. Overview

RL Commercial REIT, Inc. (formerly Robinsons Realty and Management Corporation) (“RLC REIT”), a company designated by Robinsons Land Corporation (“RLC” or the “Sponsor”) to operate as a REIT, leases to a diversified tenant base a high-quality portfolio (the “Portfolio”) of 14 commercial real estate assets (the “Properties” and each, a “Property”) across the Philippines with an aggregate Portfolio GLA of 425,315 sqm as of the date of this REIT Plan. Our Portfolio consists of commercial spaces primarily leased for office purposes, with minimal retail spaces on some of the Properties to support the needs of our office tenants.

The principal investment mandate of RLC REIT is to focus on investing on a long-term basis in a diversified portfolio of income-producing commercial real estate assets, leased primarily for office purposes, and strategically located in major central business districts (“CBDs”) and key cities and urban areas across the Philippines. We intend to maintain a high occupancy rate by targeting a diversified tenant base, with an emphasis on tenants primarily engaged in providing essential services, such as information technology and business process management (“IT-BPM”) services, including business process outsourcing (“BPO”) services, to secure stable occupancy and income from operations. See “Business—Investment Policy.”

Our initial Portfolio of 14 assets comprises the Assigned Properties and the Cybergate Center Buildings with an aggregate Appraised Value of ₱73,884.0 million (US$1,522.0 million) as of June 30, 2021 located in CBDs across Metro Manila and in the key cities of Naga, Tarlac, Cebu and Davao outside of Metro Manila.

• Source:  REIT Plan. Page 58.

COMPANY’S DIVIDEND POLICY

From 2017 to 2018 and in 2020, our Company did not declare any dividends. In 2019, our Company declared
dividends as follows:

Year: 2019

Cash
Dividends (millions): ₱6.3

Record Date: June 30, 2019

Payment Date: July 10, 2019

Following the Offer, the Company intends to maintain an annual cash dividend payout ratio of at least 90% of Distributable Income for the preceding fiscal year, subject to compliance with the requirements of the REIT Law and the Revised REIT IRR, including but not limited to the requirement that the dividends shall be payable only from the unrestricted retained earnings as provided for under Section 42 of the Revised Corporation Code, among others, the terms and conditions of the Company’s outstanding loan facilities in the event the Company incurs indebtedness, and the absence of circumstances which may restrict the payment of such amount of dividends, including, but not limited to, when there is need for special reserve for probable contingencies. The Company intends to declare and pay out dividends on a quarterly basis each year.

The failure to distribute at least 90% of the annual Distributable Income will subject the Company, if such failure remains un-remedied within 30 days, to income tax on the taxable net income as defined in Chapter IV, Title II of the National Internal Revenue Code, as amended, instead of the taxable net income as defined in the REIT Law. Accordingly, dividends distributed by our Company may be disallowed as a deduction for purposes of determining taxable net income. Additionally, other tax incentives granted under the REIT Law may be revoked, and the failure to distribute at least 90% of the annual Distributable Income may be a ground to delist the Company from the PSE.

• Source: https://rlcommercialreit.com.ph/the-portfolio

1. Exxa Tower at Bridgetowne, C-5 Road, Ugong Norte, Quezon City

2. Cybergate Naga at Naga Diversion Road cor. Almeda Highway, Barangay Triangulo, Naga City

3. Cybergate Delta at J.P. Laurel Ave, Agdao, Davao City, Davao del Sur

4. Robinsons Summit Center at 6783 Ayala Ave, Makati City, Metro Manila

5. Robinsons Luisita Office at McArthur Highway Barangay, Tarlac City, Tarlac

6. Robinsons Equitable Tower at ADB Avenue, corner P. Poveda Road, Ortigas Center, Pasig, 1605 Metro Manila

7. Cyber Sigma at Lawton Ave, Mckinley West, Taguig, 1634 Metro Manila

8. Robinsons Galleria Cebu Office at Gen. Maxilom Avenue Extension, Sergio Osmeña Jr Blvd, Cebu City, 6000 Cebu

9. Tera Tower at Bridgetowne West, C5 Road, Ugong Norte, Eulogio Rodriguez Jr. Avenue, Quezon City, Metro Manila

10. Robinsons Cybergate Cebu at 132 Don Mariano Cui St, Cebu City, 6000 Cebu

11. Cyberscape Beta at 27th and 32nd Topaz and, Ruby Rd, Ortigas Center, Pasig, Metro Manila

12. Cyberscape Alpha at Sapphire and Garnet Roads, Ortigas Center, Pasig, 1605 Metro Manila

13. Zeta Tower at C5 Road, Quezon City, 1800 Metro Manila

14. Robinsons Cybergate Center 2 at Cybergate Complex, Cybergate Street cor, Pioneer St, Mandaluyong, 1550 Metro Manila

15. Robinsons Cybergate Center 3 at Cybergate Complex, Pioneer St, Mandaluyong, 1550 Metro Manila

Note: If you’re using mobile, please use Landscape mode to view this table.

• Source: https://rlcommercialreit.com.ph/investor-relations/reit-offering