43rd FLOOR ROBINSONS EQUITABLE TOWER ADB AVE. COR. POVEDA RD. ORTIGAS CENTER, PASIG CITY

TEL. NO.: 633-7631 to 40, 240-8801 FAX NO.: 633-9207, 240-9106

April 15, 2010

PHILIPPINE STOCK EXCHANGE, INC. Philippine Stock Exchange Center Exchange Road, Ortigas Center Pasig City, Metro Manila Attention: Ms. Janet A. Encarnacion

Head, Disclosure Department

PHILIPPINE DEALING AND EXCHANGE CORP. 37/F, Tower 1, The Enterprise Center 6766 Ayala Avenue corner Paseo de Roxas, Makati City Attention: Mr. Cesar B. Crisol President and Chief Operating Officer

Gentlemen:

Please find attached a copy of the presentation to the stockholders at the annual meeting of the stockholders of Robinsons Land Corporation held on April 15, 2010.

Thank you.

Very truly yours,

ROSALINDA F. RIVERA Corporate Secretary

/mhd

ANNUAL SHAREHOLDERSANNUAL SHAREHOLDERS’’MEETINGMEETINGApril 15, 2010

MAJOR DEVELOPMENTS IN FY2009

RLC Board approval for a buy back program of up to P1 billion worth of shares.

Raised a total of P10 Bn in two successful bond offerings.

Two fixed rate 5 year bonds at 8.5% and 8.25%

Both issues were several times oversubscribed.

The issues received AAA rating from Philratings.

Successful Bond Offerings

Buy-Back Program

Republic Act No. 9856, an Act Providing the Legal Framework for Real Estate Investment Trust and for Other Purposes was lapsed into law on February 9, 2010. Implementing rules should be out in 90 days.

REIT Sponsor will be allowed up to 70% ownership.

Minimum of 90% of the income must be distributed as dividends in order to be non-taxable.

REIT Law

3

INCOME STATEMENT

55% 55%

59%

2009 1Q FY09 1Q FY10

5.32

3.15

0.61

3.76

7.42

11.18

FY 08

12%

4%

66%

14%

(13%)

(4%)

09 vs 08

5.95

3.27

1.01

4.28

6.45

10.73

FY 09For the period ended (in PhP B)

Revenues

Cost and Expenses

Income before Income Tax

Provision for Income Tax

Net Income

EBITDA

EBITDA Margin Net Income Margin

29%30%

32%

2009 1Q FY09 1Q FY10

4

14% 13% 13%

2008 2009 1Q FY10 * 2008 2009 1Q FY10

24% 24%21%

Total Assets (PhP M) Shareholder’s Equity (PhP M)

Return on Equity Net Debt to Equity

2008 2009 1Q FY10

40,311

51,479 53,280

2008 2009 1Q FY10

22,987

25,566 26,367

*estimated

BALANCE SHEET

FINANCIAL HIGHLIGHTS FY 09

5

P millions REVENUES %TOTAL RLC YOY YOYNIBT

1,112

10,734 4,280(4%) 14%

4,210 39% 2,04814% 30%

1,036 10% 130(9%) (32%)

10% 26% 738 20%

100%

4,375 41% 1,364(20%) (1%)

MALLS

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20092010

700,000

65,500

765,500

44,000

old space new space

One of Philippine’s largest mall operator with 29 malls

809,000 sqm gross leasablespace

93% latest occupancy; Same mall growth 8%

Opened 3 malls in FY10:

Dumaguete

Ilocos Norte

Cebu Cybergate

To open 3 new malls & 2 redevelopments in FY11

Gross Leasable Area (in sqm)

7

62%44,000PioneerRobinsons Cybergate 36NEW25,000PioneerRobinsons Cybergate

Plaza7

1 Galleria Corp. Center Quezon City 3,000 100%

2 Robinsons Equitable Tower

Pasig City 15,000 90%

3 Robinsons Summit Center Makati City 31,000 91%

4 Robinsons Cybergate 1 Pioneer 27,000 100%

5 Robinsons Cybergate 2 Pioneer 44,000 100%

TOTAL 190,000 87%

One of Philippine’s leading BPO office space provider with 190,000 sqm net leasable space

Robinsons Cybergate Plaza for turnover in May 2010. 70% pre-leased.

Office Properties NLA (in sqm)Occupancy

12/31/09

One of Philippine’s largest hotel operator- 5 hotel properties, 866 guestrooms.

To open Gohotels.ph, first value hotel chain in the country.

DELUXE

SUMMIT

Gohotels.ph

rooms:285 occupancy:79%

rooms:263 occupancy:76%

rooms:108 occupancy:32%

rooms:210 occupancy:50%

rooms:250 (to be opened in June 2010)

ROBINSONS LUXURIA

45 residential buildings, 33 residential projects, 33,973 units: completed and in various stages of completion

Approximately P 9.3 Billion in unrealized sales and reservations

To launch at least 6 projects this year

ROBINSONS RESIDENCES

ROBINSONS COMMUNITIES

ROBINSONS HOMES

Location: Location: MakatiMakati CityCity

# of units: 312# of units: 312

% sold*: 23%% sold*: 23%

Location: Location: OrtigasOrtigas CenterCenter

# of units: # of units:

Bldg 1Bldg 1--270270

Bldg 2Bldg 2--258258

% sold*: % sold*:

Bldg 1 Bldg 1 --80%80%

Bldg 2Bldg 2-- 28%28%

ROBINSONS LUXURIA

Type of DevelopmentHigh and Upper MiddleAll Formats

Location Prime locations within

CBDs and key tourism spots

Price RangeAbove P5 M per unit

1,234 units under development

* As of Dec. 31, 2009

Location: Location: QuezonQuezon CityCity

# of units: 419# of units: 419

% sold*: 38%% sold*: 38%

Location: Location: PasigPasig CityCity

# of units: # of units:

Bldg 1Bldg 1--2020

Bldg 2Bldg 2--4040

% sold*: % sold*:

Bldg 1 Bldg 1 --85%85%

Bldg 2Bldg 2-- 30%30%

ROBINSONS RESIDENCES

Type of DevelopmentMiddle and Upper MiddleAll Formats

Location CBDs

Price RangeP2.5M – P7 M per unit

6,095 units under development

* As of Dec. 31, 2009

Location: Location: ParanaqueParanaque CityCity

# of # of bldgsbldgs launched**: 7launched**: 7

# of units total: 574# of units total: 574

% sold*: 75%% sold*: 75%

Location: Location: TagaytayTagaytayCityCity

# of # of bldgsbldgs: 3: 3# of units total: 113# of units total: 113% sold*: 81%% sold*: 81%

ROBINSONS COMMUNITIES

Type of DevelopmentLower Middle to MiddleLow to Mid-Rise

Condominium

Location Emerging Districts in M.MCBD peripheries

Price RangeP1.0M – P3.5 M per unit

2,663 units under development

*As of Dec. 31, 2009

** total of 22 building

Location: Location: PampangaPampanga

# of units total: 675# of units total: 675

% sold*: 54%% sold*: 54%

Location: Location: DavaoDavao CityCity

# of units total: 414# of units total: 414% sold*: 39%% sold*: 39%

ROBINSONS HOMES

Type of DevelopmentMid to Low House and

LotsLots only

LocationUrbanized provincesOutskirts of Metro Manila

Price RangeP750T– P2.0 M per unit

22,591 units under development

* As of Dec. 31, 2009

FINANCIAL HIGHLIGHTS 1Q FY10

14

P millions REVENUES %TOTAL RLC YOY YOYNIBT

265

2,709 1,14414% 28%

1,416 52% 73641% 63%

289 11% 343% 10%

10% 5% 209 3%

100%

739 27% 165(12%) (22%)

MALLS

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INCOME STATEMENT

55% 55%

59%

2009 1Q FY09 1Q FY10

For the period ended (in PhP B)1Q

FY091Q

FY10 10 VS 09

Revenues 2.38 2.71 14%

Cost and Expenses 1.48 1.57 6%

Income before Income Tax 0.90 1.14 28%

Provision for Income Tax 0.22 0.27 27%

Net Income 0.68 0.87 28%

EBITDA 1.30 1.59 22%

EBITDA Margin Net Income Margin

29%30%

32%

2009 1Q FY09 1Q FY10

ANNUAL SHAREHOLDERSANNUAL SHAREHOLDERS’’MEETINGMEETINGApril 15, 2010